John Deere Foundation Announces $1.25 Million Grant to Iowa State University



    
    Funding Will Support New Agricultural Engineering & Biorenewables Complex
    

    MOLINE, Ill., April 19 /CNW/ -- John Deere Foundation, the primary
philanthropic arm of Deere & Company, today announced a $1.25 million grant
for construction of a new agricultural and biosystems engineering facility at
Iowa State University.  The building is part of a planned multi-structure
complex that will include ISU's Office of Biorenewables Programs.
    In comments made in Ames, Iowa, Michael J. Mack, Jr., a director of the
John Deere Foundation and senior vice president and chief financial officer of
Deere & Company, said the development of biorenewable fuel sources holds
exceptional economic potential for the state of Iowa.  "Based on its long
record of scientific and engineering achievement, Iowa State University is in
a particularly strong position to provide leadership for the biorenewables
effort. Technical support from the university is essential to producing
renewable fuels on a large scale and in an economically feasible, sustainable
manner."  Biorenewables are likely to play an important role in addressing the
world's long-term energy needs and have a positive impact on issues such as
global climate change and environmental sustainability, Mack noted.
    Iowa State granted the country's first agricultural engineering degree in
1905. Today, its department of agricultural and biosystems engineering
administers undergraduate degrees in agricultural engineering, agricultural
systems technology, and industrial technology. Housed jointly in the College
of Agriculture and College of Engineering, the department is recognized
nationally for its programs.
    The new agricultural and biosystems facility will be part of a
166,000-square-foot complex that will include three separate buildings to
replace current laboratories, classrooms and offices. Cost is estimated at
$63.3 million.





For further information:

For further information: Greg Derrick, Director, Strategic Business 
Communications of Deere & Company, +1-309-765-4110 Web Site:
http://www.deere.com


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