WAILUKU – Three years after it banned using water from the Hamakuapoko Wells for human consumption, the Maui County Council is considering tapping the wells for emergencies.
The wells are contaminated with pesticides, but county water and state health officials have said treatment removes the chemicals to undetectable levels and makes the water safe to drink. Water Director Jeff Eng said Tuesday that if the council allowed the wells to be used as a backup during times of drought or other emergencies, it would allow the county to issue several hundred water meters from the Pookela Wells to residents who have been waiting for water Upcountry.
Maui Land and Pineapple Looks Interesting Despite Its Share of Issues — Seeking Alpha
If there’s anything we like to cover besides net/nets here at Cheap Stocks, it’s real estate, more specifically, companies that own relatively large amounts of raw land, commercial property, or a combination of the two. My portfolio is chock full of these companies, from retailers such as Cabela’s, to restaurants (Cracker Barrell, Denny’s) to shipping companies (Alexander and Baldwin) to agriculture (JG Boswell and Limoneira), to name just a few.
Over the years, I’ve also sold out of some names as well. Maui Land and Pineapple (MLP) is a great example. I continue to follow the company, however, looking for a re-entry point, or making a determination of whether I want to take a new position.
MLP, which owns 24,500 acres primarily in Maui, Hawaii, including 10.6 miles of ocean frontage with 3300 of lineal feet along sandy beaches, has fallen on hard times during the recession. The company recently reported a $54 million loss for the second quarter, which included more than $37 million in writedowns, $21.3 million of which represented a decrease in value of the Company’s investment in the Kapalua Bay resort. Clearly, the downturns in real estate prices and resort visitors has been a double whammy for MLP. The stock now trades at $6.22, down 79% from its 52 week high of $29.69.
Hawaii’s ag work force drops slightly – Pacific Business News (Honolulu):
Hawaii’s agricultural work force totaled 6,100 in July, according to a new report.
The work force reported for the week of July 12-18 was unchanged compared with the survey week in April, but down 2 percent from last July, the National Agricultural Statistics Service Hawaii Field Office said Monday.
Pineapple and sugar cane workers totaled 900, down 22 percent from the same period a year ago, the result of layoffs at Maui Land & Pineapple and Gay & Robinson on Kauai.
Maui Land & Pineapple laid off 204 workers in July 2008, and Gay & Robinson ended its sugar cane operations in September 2008.
Hawaii’s total farm work force — which includes self-employed farm operators and unpaid workers such as family members and others working 15 hours or more per week — totaled 10,400 workers for the survey week, down 1 percent from a year ago.
The average wage paid to all hired workers during the survey week was estimated at $13.97 per hour, 5 percent higher than a year ago.
Hawaii farms employing one to nine workers paid an average of $12.50 per hour. The combined average wage for field and livestock workers was $11.40 an hour.
Hawaii’s ag work force drops slightly – Pacific Business News (Honolulu):
World Tea News – Indulge Hawaii Releases RTD Tea With Stevia
Monday, 24 August 2009
by WTN staff
Honolulu-based Indulge Hawaii has unveiled a new RTD iced tea that is sweetened with stevia, a first according to the company.
Called Plantation Iced Tea No Sugar Added, the drink is described as "a blend of brewed tea, pineapple juice and tropical flavors," in a news release. Indulge Hawaii President Byron Goo said the tea used is an Indian black tea. He did not elaborate on the brewing process.
Touted as a low-calorie beverage with just 10 calories per serving, Plantation Iced Tea is sweetened with Good & Sweet Reb-A, which maker Blue California describes as a "natural sweetener purified from stevia leaves."
"It’s thrilling to say we’re an innovation company," Goo said. "Now, we’re first to make a bottled iced tea using a brand new all natural, zero calorie sweetener derived from stevia.” Goo told WTN that Blue California had confirmed the claim.
Indulge Hawaii is a food and beverage brand that focuses on Hawaiian ingredients. The company’s stated goal is to use natural and organic ingredients whenever possible, support sustainable agricultural practices and make its community a better place to live.
World Tea News – Indulge Hawaii Releases RTD Tea With Stevia
Agriculture dominated local scene – The Maui News
Statehood & Business: Hawaii Statehood 50 Years
By HARRY EAGAR, Staff WriterPOSTED: August 23, 2009
In 1959, plantation agriculture was big business in Hawaii. The plantations were branching out into tourism, but sugar and pineapple – and coffee in Kona – dominated.
In August, with the days of the territory numbered, a typical issue of The Maui News advertised a total of half a dozen help wanted ads. The plantations didn’t advertise for help; they had their own labor recruitment system.
It dwarfed the nonplantation labor system. In August 1959, pineapple plantations hired 1,100 Maui youngsters on school vacations, most of them to work in noisy, hot canneries.
The jobs were much sought after. Damien Farias, owner of Maui Toyota, recalls waiting for three days on a labor bench for a chance to work at a cannery on Oahu when he was in school.
Statehood was expected to give a boost to agriculture. The summary of Hawaii agricultural history published by the state Department of Agriculture says that "with statehood, federal funds became available for the development and growth of Hawaii’s agricultural industries with funding for programs such as farm credit, natural resources and statistical services."
It did not, of course, work out that way.
Hawaii and Related Agriculture Daily Charts for the week ending 08-21-09
The annual charts have been updated also. CLICK HERE to view.
Maui Land and Pineapple (MLP)
Calavo Growers (CVGW)
Alexander and Baldwin (ALEX)
iPath DJ AIG Sugar TR Sub-Idx ETN (SGG)