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Limoneira buys stake in Chilean citrus packing operation

By   /  Tuesday, August 19th, 2014  /  Agribusiness, East Ventura County, Top Stories, Tri-County Economy  /  Comments Off on Limoneira buys stake in Chilean citrus packing operation

Limoneira Co. has purchased a 35 percent stake in a Chilean citrus business for $1.75 million. Santa Paula-based Limoneira said Tuesday that it had made the investment in Rosales, a citrus packing, marketing and sales operation based in La Serena, Chile. The operation is located in the coastal region of northern Chile, which is a Read More →

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A fungus among us: Team hopes to cultivate truffles on Central Coast

By   /  Friday, August 15th, 2014  /  Agribusiness, Central Coast, Top Stories, Tourism  /  Comments Off on A fungus among us: Team hopes to cultivate truffles on Central Coast

  A group of French and Chilean truffle farmers are sniffing out the Central Coast’s potential to grow the highly prized fungi. A team from Beyond Truffles, a Chilean truffle producer, and Agri-Truffe, a French truffle-tree nursery operation, are reaching out to San Luis Obispo County farmers and vintners in hopes of launching large-scale production Read More →

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Funding farming’s future: USDA tags Tri-Counties for program

By   /  Friday, August 8th, 2014  /  Agribusiness, Banking & Finance, Central Coast, East Ventura County, Green Coast, South Coast, Top Stories, Tri-County Economy, West Ventura County, Wine & Viticulture  /  Comments Off on Funding farming’s future: USDA tags Tri-Counties for program

  A $10 billion federal fund from the U.S. Department of Agriculture could provide much-needed assistance for developing water systems and other infrastructure in the Tri-Counties, where the region’s agriculture industry has suffered tremendous losses from the drought. The USDA has designated Ventura, Santa Barbara and San Luis Obispo counties as “drought disaster counties” as Read More →

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Crop values hit $4.4B as drought parches strawberries

By   /  Wednesday, August 6th, 2014  /  Agribusiness, Central Coast, East Ventura County, Green Coast, Latest news, South Coast, Top Stories, Tri-County Economy, West Ventura County, Wine & Viticulture  /  Comments Off on Crop values hit $4.4B as drought parches strawberries

Drought conditions sapped 12 percent of the value of strawberry production in Ventura County while wine grapes surged for Santa Barbara and San Luis Obispo counties to help boost the region’s crop values to $4.4 billion, according to reports on last year’s crops.

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Santa Maria farmer files Chapter 7 amid legal battle with bank

By   /  Friday, August 1st, 2014  /  Agribusiness, Banking & Finance, Banking Industry, Central Coast, Law, Top Stories, Tri-County Economy  /  Comments Off on Santa Maria farmer files Chapter 7 amid legal battle with bank

A Santa Maria produce broker and farmer has filed for Chapter 7 bankruptcy with about $1 million in assets and $9 million in liabilities as his family companies sue the region’s largest bank on allegations that it failed to come through on millions of dollars in promised loans.

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Ventura County’s ripe farm loan market drives $15.3M bank deal

By   /  Friday, July 25th, 2014  /  Agribusiness, Banking & Finance, Banking Industry, East Ventura County, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Ventura County’s ripe farm loan market drives $15.3M bank deal

Sierra Bancorp is placing a $15.3 million bet on the agricultural bounty of Ventura County. The Porterville-based parent company of Bank of the Sierra said July 17 that it is purchasing Santa Paula-based Santa Clara Valley Bank in an all-cash deal that includes three branches and $105 million in deposits. The deal gives the Central Read More →

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Santa Clara Valley Bank to be sold in $15.3M deal

By   /  Friday, July 18th, 2014  /  Agribusiness, Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on Santa Clara Valley Bank to be sold in $15.3M deal

Santa Paula-based Santa Clara Valley Bank is being acquired by Sierra Bancorp for $15.3 million in an all-cash deal announced July 17. The Ventura County bank operates branches in Fillmore, Santa Paula and Valencia. With assets of about $127 million, the bank is the second-smallest bank headquartered in the Tri-Counties.

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