BCR-06-06-2013

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Serving Bureau County Since 1847

Thursday, June 6, 2013

Midland deactivates customer debit cards By Donna Barker dbarker@bcrnews.com

PRINCETON — Customers of Midland States Bank in Princeton will be issued new debit cards after their original debit cards were deactivated this week. The following statement was issued Tuesday morning by Midland States Bank: “During the past week, Midland States Bank identified possible debit card fraud from a large retail establishment in Northern Illinois. The bank took swift action to identify Midland States Bank debit cards used at this retail establishment that could have had their card number compromised and chose to deactivate these cards, including some debit cards of customers in Princeton.” On Tuesday, Sharon Schaubert, senior vice president of banking services for Midland States Bank, said it appears a large retail establishment has had some type of breach of information potentially affecting the debit cards of Midland States Bank and other financial institutions used at this establishment. “In order to protect our Midland customers, the bank deactivated selected debit cards on Monday which may have had their card numbers compromised,” Schaubert said. “We are reaching out to these customers to let them know a new card has been ordered for them.” Affected customers will have their new debit cards within a few days, Schaubert said. “We don’t want customers to be concerned about the safety of their accounts,” Schaubert said. “We did this to give them confidence that we are watching out for them and protecting them of any potential fraud.” Comment on this story at www.bcrnews.com. Year 167 No. 68 Two Sections - 32 Pages

98213 00012 1 7 © Bureau County Republican

$65,316 headed to local citizens Federal disaster aid coming to 17 Bureau County households By Donna Barker dbarker@bcrnews.com

PRINCETON — Seventeen Bureau County households have been approved so far to receive federal disaster assistance for damage costs incurred from the April 17-18 heavy rains and floods. Gov. Pat Quinn made the announcement on Monday, saying the $65,316 in

federal aid designated for the 17 Bureau County residents is part of more than $73 million going statewide to help more than 26,000 Illinois residents affected by the April flooding. The federal assistance will include grants to help with disaster-related expenses such as temporary home rental, home repairs and replacement of damaged personal items, Quinn said. Also, nearly $2

million in low-interest loans to people and businesses has been approved to help with recovery. “These grants and loans are helping people put their lives back together after the devastating April floods,” Quinn said. “This federal aid is critical to the recovery process, and I appreciate the Obama administration’s efforts to speed needed relief to people affected by the flooding.”

See Aid Page 4

BCR photo/Goldie Currie

A couple cows look on at Larry Magnuson’s farm located south of Tiskilwa. Earlier this week, Magnuson took time to weigh in on the growing reasons behind the rising costs of beef. Two years of drought and the dwindling numbers of farmers interested in raising cattle are Magnuson’s top reasons behind the low number of cattle coming through slaughter houses.

Where’s the beef ... and what does it cost? Area farmer weighs in a reason behind the rise in beef prices By Goldie Currie gcurrie@bcrnews.com

Trends in the cattleman business have taken a toll on the beef market. With things like drought, dwindling cattle ranches and the increase in export, the prices of beef have escalated. Earlier this week, area farmer Larry Magnuson, who owns a cattle farm with

about 34 cattle head, weighed in on a few of the factors behind the rising beef prices. To him, the first and foremost factor is the lingering drought. “Two and a half years of drought has really been a cause,” said Magnuson. Drought has dried up food sources including grass in pastures and hay crops. “They’ve (farmers) got nothing to feed them, so they are taking them to market,

and the numbers are way down,” he said. The number of cattle being taken to slaughter houses is at its lowest since 1950, and Magnuson said states like Texas, the Dakotas and Washington have seen the worst numbers of all. Feeding the cattle hasn’t gotten any cheaper. Magnuson said last year a “little square hay bale” doubled from $5 to $9, while larger round hay bales went from $60 to $150.

See Beef Page 2

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