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Velocity Financial reports drop in earnings
Velocity Financial, a Westlake Village-based mortgage lender for small multifamily residential and commercial properties, reported a steep decline in earnings for the first quarter of 2022 when compared to a year earlier. In an earnings report released May 5, Velocity reported net income of $3.1 million, or 9 cents per share, down from $8.4 million, Read More →
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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 →
