Business Briefs December 14

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FUSE launches fundraiser with Dave’s Car Wash

GREENFIELD — Families United for Support and Encouragement, or FUSE, announced a partnership with Dave’s Express Care Car Wash during the holiday season.

Certificates can be purchased for Dave’s Express or Total Care Wash Packages, and FUSE will receive 50 percent of the sales through Dec. 31.

Certificates can be purchased online at www.fuseinc.org with a credit card, or interested people can drop by the FUSE office at 1133 E. Main St., Suite E.

Dave’s Express Care Car Wash is at 1649 W. Main St., Greenfield

Farmland values decline for first time in 2 years

The Midwest just saw the first quarter-to-quarter decline in farmland values since the fourth quarter of 2016, according to the Seventh Federal Reserve District’s quarterly AgLetter.

Farmland values were 1 percent lower during the third quarter than they were during the second quarter for the district — which includes Michigan, Iowa and most of Indiana, Illinois and Wisconsin — according to 188 agricultural bankers responding to an Oct. 1 survey, the Chicago Fed agricultural newsletter said.

Even with that dip, farmland values in the district remained 1 percent higher than a year earlier, it said.

However, that 12-month increase in value was insufficient to keep pace with inflation. After adjusting the farmland values for inflation with the Personal Consumption Expenditures Price Index, they were down 1 percent during the third quarter compared with a year earlier.

Compared with a year ago, it said third quarter hog prices were down 17 percent. Dairy prices were down 9.8 percent and cattle prices were down 2.6 percent while corn prices were up 1.9 percent but soybean prices were down 5.6 percent.

High Alpha raises funds to launch latest firm

Indianapolis-based venture studio High Alpha has announced that it has raised $14 million in funding to launch its latest company and has chosen technology executive Scott McCorkle to run it, according to the Indianapolis Business Journal.

The company, MetaCX Inc, is developing a software-as-a-service product aimed at increasing collaboration between suppliers and buyers of enterprise software.

The MetaCX platform is expected to launch in early 2019, the company said.

The funding round is led by Upfront Ventures, an early-stage venture capital firm based in Los Angeles. Upfront has invested more than $1 billion since 1996 in early-stage tech companies including Ring, Maker Studios, TrueCar, Overture and Bird.