Exchange rate fluctuations to blame for drop in net farm income
Changes in dollar strength and exchange rates have been a major factor in the drop in net farm income, even as agriculture revenue has doubled, said Michael Swanson, senior economist for Wells Fargo. “We often get buried in a micro view of our world … and then we get blind-sided by some other trend that Read More →
Land Conservancy of San Luis Obispo County gets 3,000-acre gift
The Land Conservancy of San Luis Obispo County finalized the largest conservation easement gift in its 32-year history March 24. The 3,000-acre expanse at Eagle Ranch in Atascadero is preserved from development after a 10-year process between Eagle Ranch, LLC and the land conservancy. Representatives from both groups and local dignitaries celebrated the agreement at Read More →
Limoneira to pay dividend of 5 cents per share
Santa Paula agribusiness Limoneira declared a dividend of 5 cents per share March 24. The dividend will be paid April 15 to all common stockholders at the close of business April 4. Limoneira badly missed analyst estimates when it reported a first quarter net loss of $3.9 million, or 29 cents per share March 11. Read More →
Bronzini: 2015 tri-county wine grape crop disappointing
The low-yielding wine grape crop of 2015 was prominent in discussions when grape growers, vintners and financial partners gathered for the Central Coast Insights industry conference at the Allegretto Vineyard Resort in Paso Robles on March 10. The event came a month after the release of the preliminary California Grape Crush Report that showed tonnage Read More →
Limoneira revenues fell, loss grew in first quarter
Santa Paula-based Limoneira reported a loss of about $4 million and revenues fell $3 million in first quarter earnings results the company released March 10. Revenues fell from $28 million during the first quarter of 2015 to $25 million in 2016. Net losses widened from $1.4 million in 2015 to $3.9 million in 2016. Losses Read More →
Green bonds aid Santa Clara River flood control
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Growing mission: Veterans turn to farming
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