Business & Real Estate

Sacramento Valley rice farmers say they will grow less due to drought

Rice farmers say additional water cutbacks this year will cause them to take acres out of production. Fewer flooded rice fields means less habitat for migrating waterfowl. Sacramento Valley farmers already cut planting 23 percent last year.

Business & Real Estate

Judge rejects Sierra Pacific attempt to throw out Moonlight fire settlement

A federal judge Friday rejected efforts to overturn a $100 million settlement in the Moonlight Fire case. Sierra Pacific Industries asked a court to toss the settlement by claiming federal prosecutors engaged in “fraud upon the court.” The judge ruled the request is “wholly devoid” of substance.

 

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Business & Real Estate

Sacramento’s housing market picked up steam in March

Sacramento’s housing market is picking up steam. Sales of existing houses in Sacramento County rose 12 percent in March from the same month of 2014, from 1,392 to 1,559. The median sales price of existing homes in the county jumped by 9.8 percent – from $245,000 to $269,000 – year over year, CoreLogic reported on Friday.

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