A study by the California Department of Food and Agriculture and researchers at UC Davis estimates that agriculture across the state may see as much as $1 billion lost in gross revenue through 2015 as the drought continues and groundwater supplies are further depleted. “The 2015 drought is not as severe as initially anticipated, but Read More →
Ventura County Agriculture Commissioner Henry Gonzales told the Business Times that the county’s farm output will decline if the drought continues, but strawberries, the county’s No. 1 crop, would likely be the least affected because of their high return value.
With California in the midst of some of its driest months on record, the statewide drought is far from over, and one Westlake Village firm is looking to bring farmers some solutions.
Santa Paula-based Calavo Growers roared out of the gate with a profit of $5.3 million in its fiscal 2015 first quarter, according to a release from the company. The company’s shares jumped nearly 6.5 percent to $45.05 at the market’s close. After recording a $1.8 million loss in the same period last year, Calavo appears Read More →
