NEWS IN BRIEF

Century Farm effort

seeking applicants

Applications are still being taken for the Arkansas Century Farm program, which honors families who have owned and farmed the same land for at least 100 years.

The Arkansas Department of Agriculture is accepting applications postmarked by May 31, according to a release Monday.

Qualified applicants will be given a personalized metal sign and a certificate. In 2012, the first year for the program, 83 farms were certified.

To qualify, the same family must have owned the farm since at least Dec. 31, 1913. Ownership may be traced through the original settler or buyer through children, grandchildren,siblings, and nephews or nieces, through marriage or adoption. The farm must contain 10 acres or more of the original land and make a contribution to overall farm income.

  • John MagsamUA students’ plan places in contest

A University of Arkansas at Fayetteville team tied for second place at the 2013 LES Foundation International Graduate Student Business Plan Competition in Seattle and took home $5,000.

ParadigMed won the Global Award for its plan for Circumex, a male-circumcision device that offers an outpatient, nonsurgical and cost-effective solution to current methods, according to a release Monday.

The patent-pending device was designed to help reduce the transmission of HIV, mainly in Africa.

Nearly 60 teams participated in the competition. The Global Award is presented to the team with the best plan dealing with intellectual property rights and their uses in the global business environment.

ParadigMed was founded by Stephen Kayode and Tara Mink, both in the executive Master of Business Administration program in the Sam M. Walton College of Business in the New Venture Development graduate course.

  • John MagsamState index finished down 0.34; 286.63

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 0.34 to 286.63 Monday, but still for the sixth-straight day temporarily reached an all-time high of 287.81.

“The major averages finished modestly lower in choppy trading as investors paused after the recent rally,” said Bob Williams, senior vice president and managing director of Delta Trust Investments Inc. in Little Rock.

USA Truck, Home BancShares and Murphy Oil established 52-week highs during the session, Williams said.

Volume for the index was 17.2 million shares, compared with average daily volume of 28.2 million shares.

The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.

Business, Pages 25 on 05/21/2013

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