Business & Economy

Business news

Flickr user Mariam - http://www.flickr.com/photos/70123617@N00/ / Creative Commons license

A new crop forecast from the USDA and the California Department of Food and Agriculture indicates this year's raisin crop could be as much as 25 percent larger than last year's.

It's expected to be the largest raisin crop since 2008, at 2.4 million tons. Last year's crop was just over 1.9 million tons. Over 200,000 acres of raisin grapes are in production this year. 

Officials say that warm weather has been good for crop development, which is a few days ahead of normal.

Elon Musk

It's an ambitious project that would connect San Francisco and Los Angeles with a high speed transportation system running through the San Joaquin Valley. But it's not California's planned high speed train system. Instead it's called the Hyperloop -  the latest concept from billionaire entrepreneur Elon Musk.

Dole Food, which operates several packing and storage facilities in the San Joaquin Valley has agreed to a buyout offer from its CEO David Murdock. Dole's Packaged Foods division operates a plant in Atwater. The company also has facilities in Terra Bella and Bakersfield.

Bakersfield-based produce grower and packer Sun World International has been acquired by Renewable Resources Group, a Los Angeles-based asset management firm.

Terms of the sale, which closed on August 9, were not disclosed. Sun World grows, packs and markets a variety of agricultural products ranging from grapes and stonefruit to vegetables. 

Sun World began operation in 1976, and had been owned since 2005 by Black Diamond Capital Management, a Connecticut-based investment firm. Black Diamond purchased Sun World assets at a bankruptcy auction for $127.8 million.

Jackets bearing a logo that is similar to the one used by the United Farm Workers labor union will be removed from Urban Outfitters stores after a dispute over the trademark.

The Economist

Three years ago, The Economist published an article that chronicled the toll the great recession had taken on the people and the economy of the San Joaquin Valley, calling the region the Appalachia of the West.

YouTube user Doug Winston / http://www.youtube.com/watch?v=PkMxEZUAoS8

State officials have launched an investigation into a demolition accident at a former PG&E power plant in Bakersfield which injured several bystanders on Saturday.

The planned implosion of a former PG&E power plant injured several early Saturday morning in Bakersfield.

California Economy Inches Up in World Ranking

Jul 11, 2013

There’s new evidence that California’s economic outlook is improving. A new study shows the state is regaining its place as the world’s eighth-largest economy this year after falling to ninth during the recent downturn. 

Joe Moore / Valley Public Radio

For decades, the summertime family road trip has been an enduring tradition for most Americans. Nearly all of us share memories of piling into the family station wagon, minivan or SUV (depending on your generation) to hit the road in search of the summer fun. But sometimes the journey can be just as memorable as the destination itself. Roadside attractions, from classic to kitsch, are a vital part of the American road trip tradition. 

Ezra Romero / Valley Public Radio

With the official start of summer just three days away, the Valley Public Radio news team decided to take our weekly meeting out of the the office and into North Fresno.

We landed at a restaurant with cuisine from the America’s south of the Hemisphere.  The place:  Limón Peruvian Cuisine

Our meal was wonderful. Between the three of us we ordered a whole chicken spiced with citrus and herbs, sweet potato fries and a tasty sirloin, pea and mushroom risotto.

Ezra Romero / Valley Public Radio

Consumers nationwide love big ice cream names like Dreyer’s and Haagen-Dazs. But do they know that the milk in these ice creams flow from San Joaquin Valley cows? To answer this question, Valley Public Radio's Ezra Romero visits ice cream factories in Kern and Tulare counties to report on how Big Dairy in the San Joaquin Valley is contributing to the nation's ice cream supply.

______________________________________________________

Joe Moore / Valley Public Radio

UPDATED: 5/17/13 (see below)

Could Fresno foodies soon be enjoying a gourmet meal at the top of the tallest privately-owned building in Central California?

Fresno Mayor Ashley Swearengin suggested as much  with this interesting nugget of information during her State of the City address today:

"Plans were just submitted in this particular city's downtown for a high-end restaurant and lounge on the 15th and 16th floors of the tallest building in Central California."

Ezra Romero / Valley Public Radio

In a region of the country known for its agriculture exploits and groundbreaking farming techniques a new sort of innovation is developing.  The Fresno Grizzlies along with Fresno Idea Works held the first ever Mini Maker Faire in Fresno on Sunday. Valley Public Radio’s Ezra Romero has this report.  
-----

It was a regular day at the ballpark. The crack of the bat, the crowd cheering as a player hits a ball out of the stadium and Parker -- the Fresno Grizzlies mascot – making the audience smile between innings.

Decades of discriminatory practices by the U.S. Department of Agriculture against women and Hispanic farmers are playing out in a $1.3 billion claims process. FM89’s Rebecca Plevin reports on a new deadline for those who allege discrimination.

For around 20 years, critics say the USDA’s farm loan program denied applicants because of their gender or race, and gave white male farmers preferential treatment in their dealings with the agency.

Pages