Posted inBusiness & Consumer Affairs, IowaWatch

Iowa Farm Bureau is a small nonprofit. Itโ€™s sitting on a huge business empire.

In May, senior executives at the Iowa Farm Bureau Federation finalized a little-noticed financial maneuver that could boost their income for years to come. While a nonprofit, the Farm Bureau owned a highly profitable, publicly traded insurance business, FBL Financial Group. For nearly a year, the executives โ€” whose incomes depended on FBL โ€” had […]