The Hawaii Tourism Authority is accepting funding applications for 2011 Native Hawaiian cultural and natural resources programs.
The agency announced it is seeking applications for projects that honor and perpetuate the Hawaiian culture and community, and that strengthen the relationship between the visitor industry and the Hawaiian community.
It also is seeking projects that manage, improve and protect Hawaii’s natural environment and areas frequented by visitors.
Request for proposal packets are now available at HTA’s office at the Hawaii Convention Center in Honolulu, on the agency’s website or by contacting HTA by phone.
The deadline to apply for either program is Nov. 4.
HONOLULU (AP) — Hawaii businesses are receiving federal money to help increase renewable energy production.
Hawaii Director for Rural Development Chris Kanazawa said the grants from the U.S. Department of Agriculture will help create jobs and reduce energy use for rural communities.
Lalamilo Farm Partners in Kamuela will receive nearly $170,000 to help buy and install a 95 kilowatt photovoltaic system.
O Guest Ranch Maui in Kula will get $70,000 for a 43 kilowatt photovoltaic system on a dairy farm.
A federal agency has awarded $3.8 million to the East-West Center to help Hawaii and several Pacific island nations cope with the effect of climate changes.
The five-year grant from the National Oceanic and Atmospheric Administration will help to bring together scientists and decision-makers to help Pacific communities respond to changing climates, East-West spokesman Derek Ferrar said.
The areas included in the Pacific Regional Integrated Science and Assessment program are the Commonwealth of the Northern Mariana Islands, Guam, Federated States of Micronesia, Republic of the Marshall Islands, Republic of Palau, and American Samoa.
An energy company on the Big Island will receive a $5 million loan guarantee from the federal government to help finish construction of a manufacturing plant in Kawaihae.
The announcement was made Thursday in a Washington news release by Hawaii’s Democratic U.S. Sens. Daniel Inouye and Daniel Akaka.
Big Island Carbon’s $25 million plant will convert discarded macadamia nut shells into a product that can generate power, filter air and purify water.
Plans call for the company to buy about 10,000 tons of more than 20,000 tons of shells produced annually on the Big Island to convert into 1,000 tons of granular activated carbon.
Big Island Carbon will power its own operations. Any excess biofuel or gas will be sold on the island.
Several nonprofit organizations, a state agency and three local counties have been awarded $3.3 million from a state land preservation fund to protect 753 acres on the Big Island, Kauai, Molokai and Oahu.
The money from the Legacy Land Conservation Program will be matched with about $9.5 million from federal, county and private sources to acquire land or protective easements for public benefit.
Seven projects are being financed, including four land purchases totaling 25 acres and three easements covering 728 acres.
Laura Thielen, chairwoman of the state Board of Land and Natural Resources, said the fund provides an efficient way to protect land containing important natural, cultural or agricultural value. “By providing these grants as incentive, the state is utilizing mostly private and federal funds to protect these resources,” she said in a statement announcing the awards. Continue reading
Hawaii and the Pacific Basin
The dwindling global supply of fossil fuels and the resulting escalation in prices has set the stage for entry of commercial biofuel produced from biomass, including co-products and bi-products. This transition in the energy sector’s feed stocks offers Hawaii a unique opportunity to locally produce biofuel from locally produced biomass feed stocks, and ultimately support the stabilization of the state’s energy resources; increase the local circulation of energy dollars; and further under gird Hawaii’s agricultural industry.
In October 2009, Secretary of the Navy Ray Mabus announced plans for a “Great Green Fleet” to demonstrate that Navy and Marine Corps ships and aircraft could operate utilizing non-fossil fuels by year 2016. In January, Agriculture Secretary Tom Vilsack signed a memorandum of understanding (MOU) with Secretary Mabus to support the biomass and biofuel development that would ultimately fuel the Green Fleet. Hawaii was selected as a pilot region, with USDA providing the “push” through research and business incentives and the Navy making the “pull” with plans for purchase of biofuel from locally produced biomass. Continue reading
The state Department of Agriculture (HDOA) is now accepting applications for lease negotiations on seven parcels of state agricultural land in the Pahoa Agricultural Park.
Interested persons should submit an application to the Agricultural Resource Management Division (ARMD) to determine whether they are qualified to hold an agricultural lease with the state. The deadline to submit the application is 3 p.m. July 14. Once qualified, the applicant will be notified about submitting a proposal for the parcel.
To qualify, a potential lessee must:
* Be a U.S. citizen who has resided in the State of Hawaii for at least three years; or
* Is a permanent status alien who has resided in the state for at least five years; and
* Is a bon fide farmer or new farmer as defined in the Hawaii Administrative Rules.
The parcels available in the Pahoa Ag Park include:
* Lot 1 – 10.193 acres
* Lot 3 – 10 acres
* Lot 12 – 29.166 acres
* Lot 15 – 19.596 acres
* Lot 18 – 5.372 acres
* Lot A – 13.428 acres
* Lot 8 – 5.002 acres
HONOLULU – The Agricultural Leadership Foundation of Hawaii is accepting applications for its latest class in the Agriculture Leadership Program: Class XIII.
The program is for promising leaders from Hawaii’s agriculture, natural resources management and rural community sectors. “Through this program, individuals who have already demonstrated a commitment to lead in their line of work or community activities will develop the knowledge, relationships, tools and skills that will enable them to be more successful in their work and all community endeavors,” said Executive Director Kim Coffee-Isaak.
“For Class XIII, the program is now being opened to professionals in natural resources management,” said Coffee-Isaak, adding that the hope is to “create stronger bridges between Hawaii’s agricultural and conservation communities.”
Recruitment information can be found at www.agleaderhi.org program_recruitment.htm. The deadline is July 2.
For any other questions on the Agriculture Leadership Program, call 947-2914 in Honolulu or visit www.agleaderhi.org.
Release No. 0231.10
Secretary Vilsack, Obama Administration Officials, and Rural Energy Stakeholders Discuss Renewable Energy Opportunities During Clean Energy Forum
WASHINGTON, May 5, 2010 -Today, Agriculture Secretary Tom Vilsack and other administration officials joined rural stakeholders from across the country at a clean energy economy forum at the White House. The group discussed renewable energy opportunities for rural communities and the Obama Administration’s efforts to help rural America build a clean energy economy that creates jobs, reduces our dependence on foreign oil and enhances our position in the global economy. The Administration officials also had the opportunity to hear from farmers, ranchers and producers about their experiences in the emerging clean energy economy.
At the forum, Secretary Vilsack also noted that today marks the one year anniversary of President Obama’s Biofuels Directive and said that implementation of the renewable energy provisions of the Food, Conservation, and Energy Act of 2008 (Farm Bill) continues to move forward rapidly.
"Renewable energy production is a key to sustainable economic development in rural America," Vilsack said. "We must rapidly escalate the production of biofuels to meet the 2022 Federal Renewable Fuels standard goal, and much of this biofuel will come from feedstocks produced by America’s farmers and ranchers. Continue reading
Alexander & Baldwin, Inc. (ALEX)
Q1 2010 Earnings Call Transcript
May 4, 2010 5:00 pm ET
Suzy Hollinger – Director, IR
Stan Kuriyama – President & CEO
Matt Cox – President, Matson Navigation Company, Inc.
Norb Buelsing – President, A&B Properties, Inc.
Chris Benjamin – SVP, CFO & Treasurer; General Manager, HC&S
William Horner – Stephens Incorporated
Sloan Bohlen – Goldman Sachs
Sheila McGrath – KBW
Brendan Maiorana – Wells Fargo
Tom Wilson – Wilson Capital Management
Tom Spiro – Spiro Capital Management
Good day, ladies and gentlemen. Welcome to the first quarter Alexander & Baldwin earnings conference call. My name is O'Meara and I will be your operator for today. At this time, all participants are in listen-only mode. Later, we will be conducting a question-and-answer session. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes.
I would now like to turn this conference over to your host for today’s call, Ms. Suzy Hollinger, Director of Investor Relations. Please proceed.
Thank you, operator. Aloha and welcome to Alexander & Baldwin's first quarter 2010 earnings call. On the call with me today are Stan Kuriyama, A&B's President and CEO; Chris Benjamin, A&B's CFO and also General Manager of HC&S; Norb Buelsing, President of A&B Properties; and joining us from Matson's headquarters in Oakland is Matt Cox, President of Matson Navigation Company.
Before we commence, please note that statements in this call and presentation that set forth expectations or predictions are based on facts and situations that are known to us as of today, May 04, 2010. Actual results may differ materially due to risks and uncertainties such as those described on pages 17 through 26 of our 2009 Form 10-K and our other subsequent filings with the SEC. Statements in this call and presentation are not guarantees of future performance.
Slides from this presentation are available for download at our website www.alexanderbaldwin.com. You will see an icon at the top of the website to direct you to the appropriate section for download.
This slide provides an agenda for our presentation, after which we will take your questions. We will start with Stan who will comment on the performance for the quarter.
Thank you, Suzy. I'm pleased to report that A&B posted a solid first quarter and a positive start to 2010. Net income was significantly higher in the first quarter at $17 million or $0.42 per share compared to earnings in the first quarter of 2009 of $3 million or $0.07 a share.
As you'll note from this chart, operating results for all segments improved in the first quarter of 2010 with the exception of real estate leasing. Consolidated operating profit was $42 million in the quarter compared to $17 million a year ago. However, our first quarter '09 operating profit was impacted by a $6 million workforce reduction charge that did not recur in the first quarter of 2010.
Let me now brief you on the quarter highlights from each of our business units. In ocean transportation, our China service is benefitting from the recovery in both volume and rates. Volumes in particular were significantly higher than a year ago and rates are higher on a sequential basis. Matt will have more details for you later in the presentation.
Hawaii container volumes and rates were relatively flat in the quarter compared to last year. While we believe that material increases in volumes and rates are unlikely for the rest of the year, we are pleased that the Hawaii trade seems to have bottomed. Guam's performance was also stable for the quarter. Overall, operating profits in our ocean transportation business continue to benefit from the vessel deployment changes, workforce reduction, and other cost cutting and operating efficiencies implemented over the past two years.
First quarter operating results for MIL benefitted from a large movement for the Department of Defense, as well as from prior year's cost cutting measures. Some stabilization in MIL's intermodal business also occurred in the quarter. In real estate, we continue to observe demand and favorable pricing for quality commercial properties as evidenced by our sales of Mililani Shopping Center in January. This sale drove quarter results for this segment, as well as for the overall company.
Leasing, however, was challenged by several factors; the downward reset of market rents, lower occupancies in our Mainland portfolio, and the time lag between sales and acquisitions of properties in our 1031 exchange program. Norbert would be addressing this further in our presentation.
Agribusiness results improved in the quarter with losses declining by $800,000. However, we didn’t plan on harvesting any sugar in the first quarter, meaningful performance comparisons can't be made until the second quarter. As Chris will describe later, we continue to expect significant improvement for the full year and we recently learned federal grant monies will be made available to help us accelerate our bioenergy research at HC&S.