Limoneira reports revenues up but net income down
Santa Paula citrus producer and real estate investment company Limoneira reported on Sept. 11 a slight increase in revenues for its third quarter, ended July 31, but a drop in net income to $7.7 million, or 52 cents per share. Avocado production fell by nearly half, since the crop bears in alternate years, but declines Read More →
Cal Poly SLO gets funding to study strawberry plants, teach communications
Cal Poly San Luis Obispo announced Sept. 8 that it received a grant to teach environmental science communications a day after the university’s strawberry center was included in a $4.5 million study to find disease resistance in strawberry plants. The U.S. Department of Agriculture awarded professors Yi-Wen Chiu and Jason Peters $140,000 over three years to pilot the new curriculum, Read More →
Tri-county grape harvest yields lower but quality is good
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Revenues up at Calavo Growers but net income down
Calavo Growers reported a 15 percent increase in its third quarter revenues but net income fell to $8.8 million, or 50 cents per share, down from $12.7 million and 73 cents per share for the previous third quarter. The Santa Paula company’s Renaissance Food Group saw a 24 percent increase in revenue, but cost of Read More →
Tri-county labor shortage leaves fields unharvested
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Limoneira partnering with citrus packing company Suntreat
Santa Paula-based lemon grower and distributor Limoneira announced new market strategies in partnership with Northern California citrus packing company Suntreat. Suntreat said it was in “high growth mode,” after increasing its lemon, orange and specialty citrus acreage. “Our companies have complementary strengths and this alliance enables us to continue to be the preferred partner for Read More →
Dole Food Co. laying off 172 berry workers in Oxnard
Dole Food Co. reported that it would lay off 172 workers in Oxnard as part of the permanent closure of its Dole Berry subsidiary’s operations in the region. The Westlake Village-based company may be looking to wind down its Tri-Counties operations entirely. It had 600 employees in the Tri-Counties as of 2016, according to Pacific Read More →
