Earlier this year, Mrs. panstreppon wrote several stories on the conservative American Future Fund. You can find them here, here, and here.

This week Jason Hancock wrote a good piece for Iowa Independent about this advocacy group, which is running ads in close Congressional races across the country. This part caught my eye:

Public records show the AFF also has connections to Iowa businessman Bruce Rastetter, who is widely believed to be considering a run for governor in 2010. Rastetter is a regular donor to the Republican Party and founder of Hawkeye Renewables, the fourth largest ethanol producer in the nation. Eric Peterson, business manager at Summit Farms, another of Rastetter’s companies, is listed on documents filed with the Iowa Secretary of State’s office as president, secretary and director of Iowa Future Fund, a conservative nonprofit that essentially morphed into American Future Fund.

The address listed on an AFF ad buy in Minnesota is a post office box used by Nick Ryan, a Des Moines lobbyist who works primarily for Rastetter’s companies and who served as campaign manager for 2006 Republican gubernatorial candidate Jim Nussle. In February, Ryan was acting as spokesman for Hawkeye Renewables when 29,000 gallons of ethanol was accidentally spilled at the company’s Iowa Falls plant.

Within the past year, Rastetter donated $1 million to the Iowa State Fair and $1.75 million to the Iowa State University Agricultural Entrepreneurship Program. That will build up a lot of good will across this state.