Fertilizers double and even triple in price due to war, pandemic, inflation
California farmers have had their share of troubles, with persistent drought and the COVID-19 pandemic shaking the industry in recent years. In 2022, Russia’s invasion of Ukraine has driven up the cost of fertilizer, which was already spiking, to record amounts. In addition to sunlight and water, crops need three key nutrients: nitrogen, phosphorous and Read More →
Calavo CFO to step down
Calavo Growners, a Santa Paula-based distributor of avocados and other produce, announced May 3 that its CFO will be leaving the company. When Mariela Matute steps down on May 19 and CEO Brian Kocher takes over as interim CFO, Calavo will have its fifth permanent or interim CFO in the past two years. John Lindeman Read More →
Montecito Bank reports growth in assets, drop in loans for Q1
Montecito Bank & Trust’s assets increased more than 14% in the year ended March 31, with “strong” deposit growth, the bank said in its May 2 first-quarter earnings release. The Santa Barbara-based bank, the largest financial institution based in the tri-county region, said its total assets rose $302.45 million, closing at $2.39 billion, at the Read More →
Income grows at Community West Bank as PPP loans phase out
Net income for Goleta-based Community West Bancshares increased more than 31% for the quarter ended March 31, to $4 million, or 45 cents per diluted share, the company announced April 29. The holding company for Community West Bank reported net income of $3 million, or 35 cents per diluted share, for the same period last Read More →
Street Smarts: Caruso picks up another business endorsement for LA mayor
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Recycling and the pursuit of a ‘circular economy’
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Dubroff: Rising costs are taking a big bite out of profits for small businesses
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
