By Faughn New Developments • Quality of Life • Workforce 0 Comments

At 3.8M Square Feet, Visalia’s Largest Industrial Development Unveils EIR

Atlanta-based Seefried Industries has submitted an environmental impact report (EIR) to the City of Visalia for a 284-acre industrial park at the northwest corner of Shirk Street and Riggin Avenue. The big project would require annexation into city limits to move forward. It would expand the Visalia Industrial Park to the north.

Called the Shirk and Riggin Industrial Project, the development would be the largest in City of Visalia history with plans to build 3.82 million square feet of industrial buildings with more than 4000 workers once all phases are constructed. The site plan shows 3,750 parking places for all types of vehicles.

The applicant plans eight industrial buildings for warehouse, distribution and light manufacturing; six flex industrial buildings; two drive-through restaurants; a convenience store; a recreational vehicle and self-storage facility; gas station and car wash.

The footprint shows multiple phases of large industrial buildings, with the corner of Shirk Street and Riggin Avenue having several retail uses located across the street from a proposed Costco shopping center.

The EIR says the project would offer four access points along Shirk Street, five access points along Riggin Avenue and five along Kelsey Street. Onsite orchards would need to be removed, and appropriate landscaping and lighting would be incorporated into the overall site design consistent with applicable city requirements and guidelines.

The project’s draft EIR was filed Thursday with a comment period ending May 28. As is typical, a final EIR would be released, and consideration by the city council after that before the project is submitted to the Tulare County Local Agency Formation Commission (LAFCO) for annexation.

Founded in 1984 by Ferdinand Seefried, Seefried Industrial Properties is a privately held real estate firm that focuses on the development, leasing and management of industrial properties across the U.S. The firm primarily focuses on development in core industrial markets and build-to-suits with tenants in core and second-tier markets. Seefried leases and manages approximately 25 million square feet for its institutional and European clients and has developed more than 200 million square feet of space valued in excess of $18 billion across 30-plus markets. Based in Atlanta, the firm has regional offices in Dallas, Chicago, Los Angeles and Phoenix.

New $30M investment

In Visalia, Seefried built and leased the 1.2 million square-foot Ace Hardware distribution center on Plaza Drive — now in full operation. In related news, Ace Hardware is installing a $30 million conveyor system expected to automate deliveries from Visalia to all parts of California in a speedy manner. The end result is expected to be higher e-commerce sales from Visalia that could boost the city’s tax revenue.

Seefried also has plans for a second 500,000 square-foot spec warehouse nearby at Goshen Avenue and American Street. The company purchased the Shirk and Riggin property from the Ritchie family.

The company’s site plan for the new industrial park indicates two huge buildings on Kelsey would be first to be constructed, adding up to about 1.8 million square feet across from Amazon.

Seefried is pressing on with these massive plans despite the fact that the warehouse market has cooled in California and in Visalia.

https://thebusinessjournal.com/at-3-8m-square-feet-visalias-largest-industrial-development-unveils-eir/

By Faughn Economy • Hi-Tech 0 Comments

High Speed Rail crosses 198 | John Lindt

Last week, crews from the California High Speed Rail project worked late night and early morning to place 84 pre-cast concrete girders across Lacey Boulevard and over State Route 198 to extend the Hanford Viaduct over the highway.

Girders ranged between 53 and 78 feet long and weighed as much as 79,000 pounds each.

The Hanford Viaduct spans more than a mile — 6,330 feet long and connects to the future Kings/Tulare Regional High-Speed Rail Station.

Hanford company sells just four cars in 23′

Start-up luxury car maker Faraday Future sold just four cars in the past year, the company reported recently. They leased six more.

The LA-based company has its only manufacturing plant in Hanford. But production at the million-square-feet facility has been slow. Faraday Future is facing delisting from NASDAQ as it looks to maintain its stock value above one dollar.

Adding to woes, Faraday has withdrawn its production guidance for 2024, citing current market conditions and lack of funding. Last November, the company planned to assemble 1,000 vehicles this year, “subject to availability of requisite capital.”

The company filed their annual report late with revenue of $0.8 million for 2023 and cost of goods sold of $43 million, compared with no revenue and cost of goods sold in 2022. This reflects that the company only began delivering vehicles in the third quarter 2023. Loss from operations was $286 million for 2023, as compared to a loss from operations of $437 million for 2022.

Last December Nasdaq notified the company that the bid price of its listed securities had closed at less than $1.00 per share over the previous 30 consecutive business days and, as a result, did not comply with Listing Rule 5550(a)(2). The company was provided 180 calendar days, or until June 25, 2024, to regain compliance with this rule. On April 18, 2024, Nasdaq notified the company that since it had not yet filed its Form 10-K it no longer complied with Listing Rule 5250(c)(1).This deficiency is now an additional basis for delisting. Now that report has been filed.

On April 24, 2024, the company received a letter from Nasdaq indicating that the company was not in compliance with Nasdaq Listing Rule 5810(c), as the company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days. The letter indicated that, as a result, the Nasdaq staff had determined to delist the company’s securities from The Nasdaq Capital Market. On May 1, 2024, the company timely requested a hearing to appeal the Delisting Determination and requested an extended stay of the suspension pending such hearing with the Panel.

Faraday Future stock briefly climbed over a dollar in May for two weeks but, since May 28, has been below that threshold at about 50 cents as of this writing.

Faraday’s future is uncertain.

Williamson Act cancelation bill shelved

A bill in the California Assembly to make it easier for farmers in the Central Valley to cancel their Williamson Act contract due to water shortage had divided the farm community. The California Land Conservation Act of 1965, otherwise known as the Williamson Act, authorizes a city or county to enter into contracts with owners of agricultural land to preserve the land for agricultural use, as specified, in return for reduced property tax assessments.

To preserve farmland, it imposes a 25 percent cancelation fee.

This bill proposed by Fresno Assembly member Joaquin Arambula would authorize a landowner, if their land is located in the counties of Fresno, Kern, Kings, Madera, Merced, San Joaquin, Stanislaus, or Tulare, with a water basin in condition of critical overdraft, to petition the board or council to cancel a Williamson Act contract or a farmland security zone contract without penalty if the land meets specified criteria, including, among other things, not having permanent access to sufficient water.

That could speed its conversion to energy projects like solar farms and provide income to the land owner.

As of mid-May the bill was placed in the “suspense file” as it did not garner enough support in committee to move forward.

BOS dumps green energy saving project

Kings County Board of Supervisors had been studying making substantial investments in energy savings at the county campus similar to a project that the same supplier had done in past years. The supplier, Engie Energy, promised net savings over $4 million for the county. The County has completed four successful projects with ENGIE  — a $3 million microturbine co-generation project in 2005, an $8.4 million central heating and cooling plant upgrade in 2009, a $4.1 million solar project in 2011, and an $11.9 million solar project in 2020.

This year an earlier staff report noted that the County has been seeing huge increases in its electricity cost recently, as high as 15% per year. They would like its energy consumption to be reduced as much as possible to reduce the effect of utility price hikes.

Also, the HVAC units at many of the facilities are well past their useful lives and the County would like to use this project to replace its old HVAC infrastructure without dipping into the General Fund.

But in late May the staff and board decided not to move forward with the green energy project.

A staff report says, “Essentially, this project is viewed as being cash neutral, providing more of a benefit in the way of allowing the County a vehicle to replace aging infrastructure, not necessarily providing the County with additional cash on hand, due to project savings, that could be used for other County initiatives and priorities. Additionally, the County recently initiated a comprehensive debt analysis which looked at all current and potential future debt, which included this project, to identify the financial health of the County if it were to take on debt for this project.”

At the conclusion of the debt analysis, staff recommended not to incur long-term debt for this project at this time. The Board agreed.

Egg farmers worried about new bird flu

The current avian influenza outbreak is the “greatest threat” to American egg producers, according to United Egg Producers President and CEO Chad Gregory.

“On-farm biosecurity is at its most stringent levels, and despite these robust precautionary measures, the egg industry has lost flocks to [bird flu] in recent weeks,” Gregory said in a statement. This is a sad and difficult time for affected farmers, who must act swiftly to prevent the spread of the disease and go through an extensive recovery process.”

A massive flock of over 4.2 million egg-laying chickens in Iowa was detected to have bird flu last week.

Walnut acreage down 4%

California’s 2023 walnut acreage is estimated at 420,000 acres, with 385,000 acres bearing and 35,000 acres non-bearing. Bearing acreage was down 4% from 2022.

Strong summer outlook as clean energy grows

Elliot Mainzer — California Independent System operator president — says CAISO is in a stronger position heading into the summer compared to previous years. The agency manages the grid and guides energy investment in the Golden State.

CAISO expects its resources will be able to meet forecasted demand plus an 18.5% reserve margin for all summer months, according to its summer assessment. The grid operator anticipates it will have more than 3,500 MW of surplus supplies over forecasted demand plus the reserve margin during key early evening peak net load hours in September, Mainzer said in the memo.

https://hanfordsentinel.com/community/selma-kingsburg/news/high-speed-rail-crosses-198-john-lindt/article_f5b1da39-4a92-5bb4-8a6a-d135b2d967a9.html

By Faughn Economy • Quality of Life 0 Comments

Lathrop growing by leaps and bounds, ranks among top 5 nationwide in new Census data

Lathrop in San Joaquin County was among the fastest-growing cities in the country in recent years, according to newly released U.S. Census Bureau data. Among cities across the U.S. with 20,000 residents or more, Lathrop had the fifth-highest growth of residents between the start of July in 2022 and 2023, behind four cities in Texas, Census officials said Thursday. Lathrop’s population increase year-over-year was 13.6 percent and the Census as of July 2023 had the city’s population as 39,857. The four Texas cities that had a higher recent annual increase were Celina (26.6 percent), Fulshear (25.6 percent), Princeton (22.3 percent) and Anna (16.9 percent).

https://stocktonia.org/news/community/2024/05/25/lathrop-growing-by-leaps-and-bounds-ranks-among-top-5-nationwide-in-new-census-data/

By Faughn Manufacturing • New Developments • Workforce 0 Comments

California’s new steel facility in 50 years coming to Kern County

BAKERSFIELD, Calif. (KGET) — California’s first new steel production facility in 50 years is set to be built in Kern County. On Wednesday, the Kern County Board of Supervisors approved the $540 million project by Pacific Steel Group. Chevron fined millions by state agencies for oil spills in Kern County. The “zero process carbon emissions rebar mill” will be constructed near Mojave. The group also released an artist’s rendering of the project. The mega facility is expected to create around 400 full-time jobs and 515 construction jobs.

https://www.msn.com/en-us/money/markets/california-s-new-steel-facility-in-50-years-coming-to-kern-county/ar-BB1kiZZo#

By Faughn Economy • Energy • Renewable Energy 0 Comments

Valley To Receive $13 Million In Federal Funding for Electric School Bus Fleets

Millions in federal funding is coming to the Central Valley to purchase electric school buses.

Congressman Jim Costa (D-Fresno) announced $13 million in federal funding to purchase new electric for school districts across the Central Valley.

Fresno Unified and Selma Unified will receive a combined $8 million in federal funding. The funding comes through the Bipartisan Infrastructure Law, which Costa voted to pass through Congress.

“Fleets of clean electric school buses are coming to the San Joaquin Valley thanks to the Bipartisan Infrastructure Law. These investments will improve the air we breathe and save money for our school districts while building a more sustainable future for our children,” said Representative Jim Costa.

Borne out of the Biden’s Administration bipartisan Infrastructure Law, the EPA Clean School Bus Program received an unprecedented $5 Billion to transform the country’s school bus fleet.

It funds clean electric buses that produce zero tailpipe emissions and propane and compressed natural gas buses, which produce lower tailpipe emission than their older diesel predecessors.

Fresno Unified will receive $6.625 million in rebate funding to purchase 25 electric school buses.

Selma Unified will receive $1.38 million in rebate to purchase four clean school buses.

Caruthers Unified will receive to $345,000 in rebate funding to purchase one clean school bus.

Los Banos Unified has been selected to receive $2.4 million in rebate funding to purchase seven clean school buses.

Sierra Unified in Fresno County will receive $800,000 in rebate funding to purchase four clean school buses.

Wasco Union Elementary in Kern County will receive $1.38 million in rebate funding to purchase four clean school buses.

Costa wasn’t the only congressman to announce millions coming to the Central Valley this week.

At a check presentation held at the Tranquility Library Branch, Congressman John Duarte presented a check of $5 million in funding to Fresno County for infrastructure improvements in Tranquility and Cantua Creek.

Fresno County’s Cantua Creek and El Porvenir Sidewalk Improvements Project will receive $2 million in funding.

The Tranquility Complete Streets Project will be receiving $3 million in federal community funding.

The projects include a variety of efforts to improve motorist and pedestrian safety, increase accessibility for disabled residents and to reduce chronic flooding.

https://thebusinessjournal.com/valley-to-receive-13-million-in-federal-funding-for-electric-school-bus-fleet/

By Faughn Economy • Top Stories 0 Comments

Is prefab an ab-fab solution to housing in Bakersfield?

Between undulating yellow hills along the valley floor, workers inside a 270,000-square-foot warehouse are pre-building homes for the future. Their destinations: Santa Monica, Lake Tahoe, Mountain Village, Colo.

Since opening its $40 million facility last fall, Plant Prefab has commenced large-scale work on modular housing, where each section of a home is built and assembled in its factory in the Tejon Ranch Commerce Center before being conveyed by truck to a destined lot.

Whereas modern prefabs have historically been geared toward the custom-built dreams of the wealthy, founder, CEO and Chairman Steve Glenn said Plant Prefab’s operation is entirely focused on affordable housing. All of its projects are multifamily units, most of which are being sent to the Los Angeles or San Francisco Bay areas — “places where land is expensive, labor is expensive and labor is scarce,” he said.

Amid California’s housing shortage and staggering costs to construct, manufactured housing is increasingly sought out as a lucrative option — by developers and elected officials alike — to build homes as cheaply and efficiently as possible.

“I think, for a time, there was a perception that prefab housing was substandard,” said Bakersfield Councilman Andrae Gonzales, who in February toured the facility along with fellow Councilman Bob Smith and City Manager Christian Clegg. “We wanted to go out and see the facility for ourselves.”

According to the city’s regional housing needs assessment, Bakersfield needs more than 37,000 units built by the end of 2031. That breaks down to 4,600 homes annually, including 2,277 low-income units.

City officials have in recent years ramped up several options for increasing housing production locally. With $5 million allocated to its affordable housing trust fund each year, the city pays for the construction of public housing projects in tandem with a patchwork of state and federal grants.

At a committee meeting in November, officials found that 10 of the 16 affordable housing projects in Bakersfield, plagued by delays, won’t be completed until 2025 or 2026. Delays were blamed on rising costs of construction, pandemic-era gaps in supply chains and a lack of private investment that leaves public housing at the mercy of outside grants, which can take months to approve and administer.

The average affordable housing unit in Bakersfield costs about $300,000, Gonzales said.

“Sometimes even more,” he added.

But “solution is too strong a word” to describe modular housing, Glenn said. “Are they an incredible part of the solution? One hundred percent.”

Modular housing can be built much faster than standard construction — 20% to 50% faster, according to a Plant Prefab news release. The factory is capable of building 5 million square feet per year, Glenn said, or about 2,500 single-family homes averaging 2,000 square feet each.

A tour of the facility shows it operates like an assembly line, inheriting automotive-type techniques and applying them to the construction of buildings.

But improvements have come since the era of Henry Ford and the $5 workday. The solar-powered facility is largely automated, meaning panels and components are cut with surgical precision. This takes less of a bite out of the planet and that of a developer’s pocketbook, resulting in less than 2% waste compared with 30% to 40% seen on some on-site builds.

Of all the projects underway, however, zero are in Kern County. “But ironically, they’re the greatest in need of a solution because of the disparity between their costs and scarcity of labor in urban infill versus what we can do here,” Glenn said.

Modular construction has its limitations. For one, it’s not always cheaper to build in a factory as opposed to on-site, considering the cost to transport materials across several states. Site labor can sometimes be cheaper, also depending on the location.

Modular construction has not been able to avoid high interest rates that stall the scale and speed of projects slated for construction. “That’s impacted us,” he said. “We’re busy but not nearly as busy as we had hoped to be.”

The factory is running a single eight-hour shift. It employs 52 workers at a facility Glenn said could take on up to 200 people.

“It takes time to implement it well,” he said.

The only prefab affordable housing project currently in Bakersfield is the CityServe Elevate project along F Street just south of Golden State Avenue. Originally slated for a February opening, the 126-unit development has been delayed by earlier inclement weather and other delays.

Government officials and developers agree prefab is one of many tools cities should take advantage of. There’s also the prospect of building conversion; Bakersfield officials recently pledged to purchase the Ramkabir Motel for $1.4 million, with plans to convert the 37-unit site into affordable housing under the city’s community land trust program.

The city is also looking at updating its zoning laws to allow for more multifamily units in areas that don’t require parking. And Bakersfield’s financial department is halfway through an overhaul of its online permitting system, which a city spokesperson said should be done within the next two months.

“Right now, our permitting process is too unpredictable. It’s too complex, and it takes too long,” Gonzales said.

With a 37% rise noted in this year’s survey of Kern County’s homeless population — half of which lives within Bakersfield city limits — officials are desperately seeking prospective venues for more affordable housing.

“We have to be willing to look at new ideas and test them,” Gonzales said.

https://www.bakersfield.com/news/is-prefab-an-ab-fab-solution-to-housing-in-bakersfield/article_409ba05a-1a69-11ef-a2ec-7f30f755ec2a.html

By Faughn Economy • Education • Workforce 0 Comments

High-Speed Rail, High-Quality Jobs: Career Trek Shows Students Opportunities

California high-speed rail, a multibillion-dollar project designed to connect the Central Valley to Los Angeles and the Bay Area, promises swift transportation, the protection of agricultural land and contributions to a cleaner environment.

It’s also providing a lot of jobs – from design to construction to, eventually, operation.

UC Merced engineering students recently got the chance to see what opportunities might be available to them. Roughly 25 students took part in a Career Trek to visit the California High-Speed Rail Central Valley Regional Office in Fresno, as well as the Hanford and Cedar viaducts.

Career Treks are offered by the university’s Student Career Center. Students are taken on industry-specific recruiting trips to regions within California, hearing from employers about their professional journeys and the pathways they followed to career success.

Manny Machado, engineering career specialist in UC Merced’s Student Career Center, coordinated the March visit with help from two colleagues, employer services manager Magali Torres and internship and employer services coordinator Xue Lee.

“A Career Trek is when students have the chance to visit a nearby organization to hear more about their recruitment efforts, and to learn more about the work that they do,” Machado said. “During these trips, students get the opportunity to tour facilities, hear about job and internship opportunities they can get involved with, network with employees of that organization and hear more about professional pathways at said organization.

“These Career Treks are also a good way to expose scholars to different career industries while also giving them a chance to showcase their skillsets.”

Students met with engineering professionals at the rail project’s regional office.

“These professionals gave insight to their professional journeys, gave advice on how students can be proactive in their career development and talked about how the different engineering disciplines are needed on a large-scale project like this,” Machado said.

Final designs for the high-speed rail project call for about 500 miles of track stretching from Southern California to San Francisco. The first segment, in various stages of construction since 2015, is a 170-mile stretch from Merced to Bakersfield.

At the project’s Hanford Viaduct, students learned about environmental considerations for construction sites, toured the top of the structure, heard how the structure will become earthquake proof and learned more about the professional experiences of the construction site managers. Students learned more about these issues at the Cedar Viaduct; because it’s further along in construction, they could compare the sites’ development.

Students also learned about the different engineering disciplines required for this work. As the project continues to develop, there will be different roles needed at different times. For example, once construction is further developed, electrical engineers will be vital in incorporating components needed for the stations and tracks. Other opportunities soon to be available include internships with partner organizations such as Stantec and Caltrans. And once work begins on the rail’s Merced station, there likely will be more chances for UC Merced students to be involved.

For this particular Career Trek, participating students had a once-in-a-lifetime experience. Once construction gets further along and trains start to run stations, the tours currently being hosted will no longer be offered to the public.

Students interested in learning more about Career Treks get can look at Instagram and view the events calendar through Handshake or go to the Career Center website.

The Student Career Center typically offers one or two Career Treks during the academic year. Previous destinations include Gallo and LinkedIn.

https://news.ucmerced.edu/news/2024/high-speed-rail-high-quality-jobs-career-trek-shows-students-opportunities

By Faughn Economy • New Developments • Quality of Life 0 Comments

Ribbon cutting for McKinley interchange June 12, groundbreaking for 120 Bypass/99 work is July 17

Manteca — when Mayor Gary Singh and fellow council members along with other dignitaries cut the ribbon to open the McKinley Avenue interchange next month — will  have done something no other California city of under 100,000 has done this century.

And that’s complete three major interchange projects, including two done with lion’s share of the cost being funded by the city.

It started with the replacement interchange at Lathrop Road and Highway 99 that was completed in 2012.

It included completing the transformation of the Union Road and 120 Bypass interchange in 2020 as the first diverging diamond interchange in California.

And it will be marked Wednesday, June 12, with the Mckinley ribbon cutting for what will be the fifth interchange along the 6-mile stretch of the 120 Bypass.

That’s three new or revamped interchanges opening within 12 years at a cost in excess of $85 million.

And the city is just getting started.

On Monday, July 17, the groundbreaking for the first of three phases involved in the $154 million Highway 99/120 Bypass/Austin Road interchanges will take place.

That will address two more interchanges, bringing the number to five.

Meanwhile, the city is in the process of funding preliminary work to repeat the diverging diamond redo at Union Road including the separate pedestrian crossing for the 120 Bypass at Airport Way and Main Street.

The first of the two projects to break ground is expected to be Airport Way.

Singh’s goal is to see the three additional projects completed within the next 10 years.

If that happens, the city will have had a role in seven major interchange projects in 22 years with an overall tab in excess of $300 million.

The first phase of the 120/99 work includes more than $8 million in city funding to allow the replacement overpass on Austin Road that would also bridge Moffat Boulevard and the railroad tracks to be widened to four lanes.

The balance of the first phase funding has already been lined up. Work includes adding a second transition lane from the eastbound 120 Bypass to southbound Highway 99.

When the first phase is completed in two years or so, the funding is expected to be in place to add a second transition lane from northbound Highway 99 to the westbound 120 Bypass.

The third phase will require Manteca to secure much of the funding.

It involves long expensive braided ramps to restore access to northbound Highway 99 from Austin and access to Austin Road from southbound Highway 99.

Because the Austin Road and 120 Bypass/Highway 99 interchanges are so close, access for traffic going to and from Austin Road from the 120 Bypass requires ramps to start for such movements far away from the interchange.

It is needed to avoid traffic slowdowns, congestion, and reduce the potential for accidents.

As an example, it will require the off-ramp for eastbound 120 Bypass traffic heading to Austin Road to start just past the Main Street on ramp.

The ramp will then need a separate bridge structure to cross Moffat and the railroad tracks. As it curves alongside the transition lanes to Highway 99, another ramp for northbound  Highway 99 traffic seeking to exit at Austin Road will start at a point between the Yosemite Avenue and 120 Bypass interchanges on the Highway 99 corridor.

Those two ramps will braid somewhere between the 120 Bypass and 99 interchanges to allow access to both northbound and southbound Austin Road.

Given the ramps will open up a large swath of southeast Manteca to development, the city is pursuing a benefit district to fund the city’s share of the project.

The third phase will also include the widening of the Bypass from Highway 99 to Airport Way to six lanes with the potential for transition lanes between interchanges such as the one on either side of the Union Road interchange.

https://www.mantecabulletin.com/news/local-news/ribbon-cutting-mckinley-interchange-june-12-groundbreaking-120-bypass99-work-july-17/

By Faughn Top Stories 0 Comments

Business owner in Madera County gets high recognition

MADERA COUNTY, Calif. (KFSN) — Steel Structures Inc. in Madera County takes a flat sheet of steel and transforms it into massive tools that help drive our economy.

“If it has to be stored or processed, we build it,” says Company President Dan Riley.

The manufacturing plant has four buildings on nine acres and handles projects of all sizes.

Some stay local — others are shipped across the world.

“I have shipped to Guam, Barbados, Australia about three times,” he said. “Florida, Central Valley, West Coast and anything that makes sense.”

In April, the Small Business Association recognized Dan Riley, the company’s president, as the 2024 Small Business Person of the Year.

It’s a recognition he’s humbled to receive as the third generation of the family-owned business.

Riley says it’s important to him to continue the legacy that started with his grandfather in 1952 and pass it on to his two sons one day.

“I feel proud, and I feel honored,” he said. “Being able to do it and trying to overcome obstacles and changing times, presidents, policies, wars, we have survived a lot. Now, my greatest honor is to do my diligence and get my two boys involved.”

Riley says he is thankful for all the employees who help keep their family legacy strong.

He also shows his gratitude by giving back to our community.

“We always do it mainly for the community to give back and support,” he said. “I am a Rotarian and a veteran. I am involved in a lot of service clubs. The goal is always to give back. A rising tide floats all ships.”

Riley’s youngest says he’s been working with his dad since he was a young teen and is excited to be part of the growing business and serve more areas in the future.

https://abc30.com/post/business-owner-madera-county-gets-high-recognition/14858529/

By Faughn Back Office 0 Comments

Cargill sells California beef plant to Central Valley Meat

Cargill confirmed Thursday it has entered an agreement to sell off a California processing plant to the state’s largest beef producer.

Central Valley Meat Holding Company will acquire the food giant’s processing facility in Fresno for an undisclosed amount, according to an emailed statement to Agriculture Dive. The California beef producer aims to retain as many of the plant’s 880 employees as possible.

“With this sale, Cargill’s priorities were to place as many of our workers as possible into jobs and to retain the beef processing capacity for California producers,” a Cargill spokesperson said.

Central Valley Meat solidified itself as a dominant player in the California beef industry following the 2019 acquisition of Harris Farms, which operates the state’s largest feedlot located about an hour’s drive from Fresno. The producer employs more than 2,000 workers.

The acquisition of the Cargill plant represents a “significant expansion” in capacity, according to Central Valley Meat. The purchase will allow the California producer to better respond to market demands and drive efficiencies across its supply chain.

“We’re excited to work alongside cattle producers in the state and region to continue delivering quality beef products for our customers and consumers,” Central Valley Meat CEO and owner Brian Coelho said in a statement.

Cargill employees will have the opportunity to “explore roles” within Central Valley Meat, the California processor said in a statement. Cargill has yet to file the required notice with the state that would indicate mass layoffs.

The sale comes less than a month after Cargill offloaded eight grain facilities in the Midwest to rival CHS. Global food giants’ profits have suffered as lower commodity prices eat away at earnings.

https://www.agriculturedive.com/news/cargill-sells-california-beef-plant-fresno-central-valley-meat/715792/