Corcoran Industrial Building In Escrow
A large, but empty industrial building at 1200 Orange Ave in Corcoran is in escrow to be sold says the broker on the project, Mike Porte of Pearson Reality.The unnamed company seeking to acquire the 80,000sf building on 20 acres would grow and distribute marijuana confirms Porte. “We hope the deal will close by the end of the year” he expects. Corcoran city council appears to be ready to allow commercial growth of pot within its jurisdiction along with a handful of other Valley towns, starting in the new year.
Another Kings Dairy Calls it Quits
The John Lopes dairy near Lemoore is calling it quits with a complete diary dispersal set for September 8 to be held at A&M Livestock Auction.
Processing Tomato Acreage / Shipments Fall
USDA says contracted production for California processing tomatoes is forecast at 11.5 million tons, averaging 50.0 tons per acre. The current forecasted production is 8 percent below the 2016 crop, and 2.5 percent below the May forecast.
Spring rains brought relief from the drought but delayed planting. Harvest began in early July in the southern growing areas, which is about two weeks later than in 2016. The 2017 crop has experienced lower disease and pest pressures compared to last year. The overall crop has developed well so far with the early harvest reported to be of good quality. Potential concerns reported by the tomato growers were the delayed harvest and stress from triple digit heat waves. The projected harvested acreage of tomatoes is 230,000 acres, a decrease of 10 percent from 2016 and the lowest acreage since 1988.
The Processing Tomato Advisory Board reports that shipments through August 19, 2017 were running 22 percent below those of 2016.
Big Bounce For Kings Home Sales
The California Association of Realtors reports sales of existing homes in Kings County jumped 52% year over year, in July from July 2016.
Fresno Crop Value Down 7.23 Percent
Fresno County’s crop value dropped by 7.23% in 2016, the ag commissioner reported recently. Total value stands at $6.1 billion, a loss $482 million from the year before. The commissioner says that 2016 was third straight year of no surface water deliveries. Almonds were the top crop. The county’s crop was valued at $7 billion in 2014.