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"Most people didn''t even know montana about it until after the fact," one trader, not invited to participate, said."They land and montana would not even return our phone calls," another said.Sources involved in the tender would not disclose the terms of the agreement, with one commenting that the deal had yet to be finalized. Other traders said Glencore land would take all of Butte''s 2003 production and thereafter the tonnage would be divided between Glencore, Trafigura montana and Gerald, with Glencore land believed to be getting a 40-percent share of the take. montana and land Terms were called "sharp," but traders admitted to not knowing the precise numbers.
Crop1 was the first crop insurance company to get RMA''s OK to offer premium discounts of up to 10%. It could do so by cutting its own costs, selling through co-ops and farm supply businesses as well as independent agents, and cutting commissions to about 8% to 12%.Other companies typically pay commisions of 15% to 18% and as much as 25%. High commission costs may have helped bring down American Agrisurance. Converium won''t say why it backed out of sharing Crop1''s insurance risk, but our sources say sales were slow and internal montana cost savings disappointing.
[FIGURE 1 OMITTED]GeologyThe land surface features of the area under discussion (fig. 2) consist of the exposed core of the Cedar montana Creek Anticline. This structure marks the southwestern boundary of the Williston Basin, a major structural feature of the northern Great Plains. The anticline is an asymmetric fold with a strike of S. 30[degrees] E. and dips of from 4[degrees] to 40[degrees] southwest and less than 1[degrees] northeast (Clement 1986). The exposed land section of the anticline crops out in an essentially straight line 145 miles long from northwest of Glendive, Montana, southeast to the Buffalo, South Dakota, area (Davis and Hunt 1956).
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