Hawaii Kai farmers face 25-fold rent hike

Old age caught up long ago with a group of farmers working 87 acres in East Honolulu’s Kamilo Nui Valley, and now the rent they pay to lease the land is about to catch up after four decades.

Kamehameha Schools recently notified its 13 farm tenants in the agrarian Hawaii Kai neighborhood that it is seeking a roughly 25-fold increase in rent.

The trust, Hawaii’s largest private landowner, believes the offer is fair given that the farmers have to date been paying rent set in the early 1970s, and that the farm leases call for rent to be reset now for the 15 years remaining on the leases.

But many of the farmers, some of whom are in their 80s, say they cannot handle such a drastic hike, especially at their age and with the economy the way it is.

Syngenta to lay off 34 seasonal workers in Kunia

A group of 34 seasonal contract employees who work in the fields at Syngenta’s Kunia seed farm will be laid off Thursday, the company said.

The workers will join 49 other Syngenta “field technicians” who were laid off on July 9. The workers were employed by Akamai Employment Services, which provided them to Syngenta on a contract basis.

Syngenta farms corn and soybean as seed crops on more than 1,000 acres in Central Oahu.

Some of the workers may be rehired in October when Syngenta’s planting season begins, a company spokesman said.

Syngenta to lay off 34 seasonal workers in Kunia – Hawaii News – Staradvertiser.com

Na Wai Eha: Streams flow again — along with controversy and conflict

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WAIHEE – At its mouth, the Waihee River was only around a foot deep Monday afternoon – but that was good news to Scott Fisher of the Maui Coastal Land Trust.

Fisher was monitoring conditions in the first hours after Wailuku Water Co. restored water to the river, carrying out the terms of an order by the state Commission on Water Resource Management in June that the company return 12.5 million gallons per day to two of the four streams that make up Na Wai Eha.

Fisher said the water in the river was at about the same level it would typically be during the rainy season, and it was noticeably colder than it would normally be on a mid-August day. The water restoration would almost certainly mean healthier plants and animals in Waihee River, he said.

Wailuku Water Co., which diverts the stream for users including Hawaiian Commercial & Sugar Co., had opened some of its diversion gates at Waiehu Stream on Monday as well.

Commission member Dr. Lawrence Miike, who oversaw the contested case hearing, originally recommended that half of Na Wai Eha’s water be returned to all four streams. But the other commissioners did not agree and no water was returned to the Iao and Waikapu streams below their diversion points, while less water than he recommended was returned to Waihee and Waiehu streams.

Hawaii sugar grower working to power Navy

Navy fighter jets and ship could be powered by biofuels grown in Hawaii under an effort funded by the federal government.

The government is spending at least $10 million over five years on research and development at Maui cane fields for crops capable of fueling Navy fighter jets and ships. The project also may provide farmers in other warm climates with a model for harvesting biofuel crops.

Hawaii has become a key federal laboratory for biofuels because of its dependence on imported oil and its great weather for growing crops. It also has a large military presence.

The Office of Naval Research is funding the five-year program at Hawaiian Commercial & Sugar, a company dating to the 1870s that runs the last sugar plantation in the state.

Hawaii sugar grower working to power Navy – Hawaii News – Staradvertiser.com

Lanai could have future water issues

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There’s not enough for all projects planned, proposed; viability of cloud forest a worry

By ILIMA LOOMIS, Staff Writer

WAILUKU – Building out all the developments that have already been planned or proposed on Lanai would result in more water being pumped out of the island’s wells than could be sustained, according to the county’s draft Lanai Water Use and Development Plan.

The plan also finds that as much as 28 percent of the water pumped on the island is unaccounted-for due to loss or waste in the system, and that the island’s watershed is so fragile that a loss of the Lanaihale cloud forest could reduce water levels in the island’s only viable aquifer by 50 percent.

Seed money – Hawaii Business – Staradvertiser.com

On a former cattle ranch north of Hilo, about 20,000 koa trees are no more than 4 feet tall, but they represent high hopes for a company with a new model for renewable forestry in Hawaii.

The endeavor by Hawaiian Legacy Hardwoods is based on attracting wealthy investors to finance a koa farm. As trees mature over eight to 25 years, they theoretically will generate returns to investors and fees to the company for cultivation and the harvesting process.

Hawaiian Legacy’s plan is ambitious, with a goal of planting as many as 1.3 million trees by 2016.

The company began selling blocks of 100 seedlings to investors about a year ago. This year the price for 100 seedlings is $6,808. The company projects that those 100 trees could return nearly $300,000 to an investor as the trees are gradually harvested over 25 years.

Costs piling up two years into Molokai water lawsuit

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WAILUKU – Two years into the county’s legal battle with Molokai Properties over who should manage utilities set up by the now-defunct Molokai Ranch, county officials estimate that the parties have spent well over $1 million in legal fees, which could go even higher if a settlement isn’t reached before a planned October trial.

At the same time, some Molokai residents are paying four times as much as they used to for water – a painful burden for a community struggling with double-digit unemployment. And just how much those residents will have to pay in water rates long term is still awaiting final approval by the state Public Utilities Commission.

“You can’t get blood from a turnip,” said Maui County Chairman Danny Mateo, who holds the council’s Molokai seat. “People will suffer.”

But Molokai Properties attorney Jim Bickerton said the company’s proposal is for a “break even” rate in the face of rising fuel and other costs.

He said the company is proposing a rate hike in the 50-percent range, which would come on top of a rate increase last year.

Meanwhile, the county’s suit against Molokai Properties is heading toward a risky – and expensive – trial now scheduled to start Oct. 25 before 2nd Circuit Judge Joel August.

The county has already paid $500,000 for former state Attorney General Margery Bronster to serve as outside counsel, in addition to the time spent by county attorneys on the case.

When asked if the county could reach a settlement with Molokai Properties before the case goes to trial, Bronster said Saturday that she “can’t say anything more, but probably something will happen before the end of the month. It’s premature to talk now.”

Maui Land & Pineapple Company, Inc. Announces Completion of Repurchase of Senior Secured Convertible Notes

LAHAINA, Hawaii–(BUSINESS WIRE)–Maui Land & Pineapple Company, Inc. (NYSE:MLP – News) today announced that it has successfully retired all of its $40 million of senior secured convertible notes. The Company repurchased the notes at 90% of face value, inclusive of a 2% lock-up fee previously paid to the note holders, utilizing proceeds from its just completed, over-subscribed, $40 million shareholder rights offering.

The Company plans to use the remaining proceeds from the rights offering for general working capital purposes in its resort and real estate development operations.

“The rights offering and retirement of our convertible notes represent significant steps in our continuing efforts to strengthen our financial condition,” said Warren H. Haruki, Chairman and Interim Chief Executive Officer of MLP. “We are grateful for the confidence demonstrated by our shareholders in the long-term prospects of the Company,” he added.

Maui Land & Pineapple Company, Inc. Announces Completion of Repurchase of Senior Secured Convertible Notes – Yahoo! Finance