Ceres, a Thousand Oaks-based agriculture-biotechnology company, priced shares at 40 cents each on Dec. 15 for its follow-on public offering on Dec. 17. Ceres plans to raise $6.7 million through the offering, which will be comprised of 600,000 shares of common stock, 6,460 shares of preferred stock convertible into 16,150,000 shares of common stock, and Read More →
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Ceres, a Thousand Oaks based agriculture-biotechnology company, saw shares spike 373 percent Wednesday after the company received a patent for its iCODE multi-gene trait development system. Ceres shares started the day at just 95 cents per share, and soared all the way to $4.80 when the markets opened at 6:30 a.m. PST. Ceres closed the Read More →
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 →
With frost advisories at the start of this year already keeping many tri-county growers on their toes, the agricultural community across the region is hoping for a rainier, greener year.
Even in the face of the worst drought in decades, investing in California agricultural land is a hot real estate strategy for institutional investors. Land values continue to rise along with the rents, and REITs, or real estate investment trusts, are looking more to the shrinking supply of farmland for better-than-average fixed income returns. Read More →