Santa Paula lost one of its leading citizens when Joe Nesbitt passed away June 12 at age 89. A native of Arizona, Nesbitt discovered California during service as a Navy medic in World War II. He was lead banker at Citizens State Bank in Santa Paula from 1971 to the early 1990s when that bank Read More →
Santa Paula-based Limoneira Co. told shareholders on March 26 that it expects a 25 percent jump in lemon sales and a record avocado crop in 2013. CEO Harold Edwards said avocados could hit 18 million pounds this year — up 50 percent from 2012. But because of strong production and higher volumes, avocado prices will Read More →
Limoneira Co., a Santa Paula-based lemon grower and land developer, reported a wider first-quarter loss on March 12 despite higher revenue. Limoneira lost $3.1 million in the first quarter of 2013, compared to a $2.8 million loss a year earlier. The company pinned the wider loss on lower lemon prices and the seasonality of its Read More →
Limoneira Co.’s 1,500-home mixed-use project has been in the works since 2004.
Limoneira Co., the Santa Paula-based agribusiness company with 8,200 acres of real estate and farm land, has announced plans to offer an additional 1.8 million shares of common stock. If successful, the sale would raise about $40 million for Limoneira and increase its total shares outstanding to about 13.25 million. Limoneira’s traded shares, or “float,” Read More →
Santa Paula-based Limoneira Co. said fourth-quarter revenue jumped sharply but that it experienced a decline in profit because of expenses for Sheldon Ranch, a new 1,000-acre lemon and citrus leasehold that is expected to be profitable in 2013. The company said it expects strong results from those lemon and citrus in 2013, when it also Read More →
Getting more transparency on pay is a small but important step to toward accountability