A Major Republican Donor in Iowa Says He's Decided to Back Trump

Bruce Rastetter predicts large caucus win for Trump on Monday
GOP donor says farmers are concerned about trade policy

Bruce Rastetter during an interview in Des Moines, Iowa on Jan. 13.Photographer: Rachel Mummey/Bloomberg

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By Hadriana Lowenkron, Nancy Cook, and Margaret Collins

January 13, 2024 at 6:15 PM UTC

Updated on

January 13, 2024 at 7:19 PM UTC

This article is for subscribers only.

Bruce Rastetter, a major Iowa Republican donor, predicted a resounding Iowa caucus victory for Donald Trump, saying the agriculturally-heavy state maintains nostalgia for the former president’s tenure in the White House.

At a Des Moines, Iowa, roundtable hosted by Bloomberg News on Saturday morning, Rastetter said that after much deliberation he’s decided that he will again support Trump for president. Iowa kicks off the official start to the 2024 Republican presidential nominating process with its Jan. 15 caucus.