Bruce Rastetter, president of the Iowa Board of Regents, announced today that he will not seek reappointment to the board that governs Iowa's three public universities, and that he will allow his term to expire on April 30. Rastetter, in a statement, said leaving the board was a tough decision. "However, I will leave the board satisfied that we made significant strides improving the value of higher education in Iowa," he said. He has served as president of the nine-member Board of Regents since 2013; he was appointed in 2011 by Gov. Terry Branstad. Rastetter said his departure from the board will allow him to return to his agribusiness interests in the Midwest and in South America. Rastetter is CEO of Summit Agricultural Group, which he founded in 1990. He most recently was a member of an agricultural advisory team for President Donald Trump and said he hopes to remain involved in the current issues vital to farmers and agribusiness – international trade, the 2018 Farm Bill and conservation and land stewardship.