By Staff Report / Thursday, August 27th, 2015 / Agribusiness, Latest news / Comments Off on Dole CEO Murdock, ex-president ordered to pay $148M
Dole Food Co. Chief Executive Officer David Murdock and a former executive of the fresh-fruit producer were ordered to pay $148.1 million over allegations they drove down the value of the company so Murdock could take it private on the cheap in a $1.2 billion deal, Bloomberg News reported Aug. 27. Murdock received an “improper Read More →
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A strong El Niño is likely to happen for the first time since 1998, and it’s whipping up hysteria throughout California. Central Coast farmers have reason to be skeptical, though, that the rains will actually come. Meteorologists say that a strong El Niño does not mean there will be more rain on the Central Coast, Read More →
After a series of branch consolidations and a strategic rethinking, Rabobank will focus its California lending on business banking, agribusiness and renewables in its core markets in the Central Valley and on the Central Coast. The Netherlands-based banking giant has set a goal to be the global leader in food and agriculture lending as Read More →
Limoneira Co., the 120-year-old global agribusiness, announced today that it has entered into a purchase agreement to acquire 157 acres of lemon, orange and specialty citrus orchards in the San Joaquin Valley for approximately $3.3 million. The transaction is expected to close in 60 days. The orchards are being acquired thanks to purchase options within Read More →
A Santa Clarita-based homebuilder and developer has purchased a large chunk of agricultural land in the city of Ventura for $13.1 million. The roughly 36-acre parcel located at the southeast corner of Saticoy Avenue and Telegraph Road was sold to Williams Homes — the top bidder for the land — and comes with entitlements to Read More →
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