Tri-county ag firms face tariff on Mexican goods
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Limoneira reports strong revenue growth
Santa Paula agribusiness Limoneira reported increased revenues for the fourth quarter and fiscal year 2016, exceeding its guidance with an operating income of $9.2 million. Net income applicable to common stock, after preferred dividends, was $7.4 million for the year, or 52 cents per common share, up from $6.4 million in 2015. The company had announced expectations of operating Read More →
USDA will allow lemon imports from Argentina
The U.S. Department of Agriculture announced Dec. 20 that it would publish its final rule allowing lemon imports from areas of Argentina into the U.S. Its pest risk assessment and three site visits, most recently in September, led the agency to conclude that a systems approach requiring registration, monitoring, treatment and traceability protocols for production Read More →
Limoneira’s third quarter revenues grow
Limoneira reported revenue increases for the third quarter of 2016, primarily from higher-than-expected sales and prices of its avocados. Revenues for the Santa Paula agribusiness and real estate development company grew 34 percent compared to the third quarter last year, from $29.8 million to $39.9 million, mirroring 35 percent growth in its agribusiness revenue to Read More →
Lemon growers oppose rule on Argentine imports
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Weak peso could be trouble for tri-county ag producers
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Brownley, Capps object to time limit for comment on importing citrus from Argentina
The public comment period on a U.S. Department of Agriculture proposal to allow the importation of citrus from Argentina was extended July 11, but members of Congress continued to express dissatisfaction with the time restrictions for analysis. On May 10, the USDA Animal and Plant Health Inspection Service published its proposed new rule with a Read More →
