Dole Food Co. has sold more than 1,400 acres of former pineapple fields in Hawaii for nearly $15 million to an entity whose manager is the chairman of Colliers International in Utah. The sale of the 1,406 acres on Oahu’s North Shore to Pomaikai Partners LLC closed on Dec. 28 for $14.9 million.
How many acres does Dole own in Hawaii?
3000 acres
Dole Hawaii’s Wahiawa pineapple farm is drip irrigated and ranges in elevation from about 600 ft to 1,000 ft above sea level with current acreage near 3000 acres. With more than a century and a half of farming knowledge trust DOLE for the favorite Hawaiian pineapples!
Does Dole own land?
Covering five continents, Dole has 109,000 acres (44,000 ha) of its own farmland, 13 cargo vessels, five manufacturing plants, 75 packing houses and 160 distribution centers. Dole is a vertically integrated producer, owning plantations in Central America.
Who owns the land in Hawaii?
The State of Hawaii
The State of Hawaii owns land on every island, including 127.1 acres on Ni’ihau and over 1 million acres on Hawai’i Island (the Big Island).
Where does Dole own land?
The pineapple is grown primarily for the fresh produce market. Dole owns a juice concentrate plant in Honduras for pineapple and citrus. Coconuts are produced on approximately 1,200 acres of owned land in Honduras.
| (Mark One) | |
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| ý | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
How much is the Dole family worth?
Dole Net Worth 2021-2022 | DOLE
Dole net worth as of October 24, 2022 is $0.71B. Dole plc is a producer of fresh bananas and pineapples.
What country owns the most land in Hawaii?
The largest landowner in Hawaii is the state of Hawaii, with 1.6 million acres. On every island, the state owns vast amounts of property. That includes more than 1m acres on the Big Island, and 121k acres on Niihau.
How many acres does Dole own on Oahu?
The famous Dole Plantation is in the heart of Oahu near the town of Wahiawa. This historic 61-acre pineapple farm was founded in 1899 by James Drummond Dole, a Harvard grad eager to introduce large-scale farming to Hawaii.
Why did Dole leave Hawaii?
In the 1980’s, the two largest exporters of pineapple, Dole and Del Monte left Hawaii. It’s simply much cheaper to produce pineapple in Asia and South America. In 2009, Maui Land and Pineapple also shut down operations.
How much is Dole debt?
Capital Structure and Financial Leverage
As a result of the IPO and refinancing, the Group has reduced its annual interest expense by over $40.0 million, based on current interest rates. Net Debt as of December 31, 2021 was $1.1 billion and Financial Leverage was 2.87x.
Does Mark Zuckerberg own property in Hawaii?
Zuckerberg and wife, Priscilla Chan, paid $17 million last month for 110 acres of agricultural land on Kauai, bringing their total Hawaii property holdings to more than 1,400 acres, the Honolulu Star-Advertiser reported.
Do Native Hawaiians get free housing?
Under the program, anyone who is at least 50% Native Hawaiian is entitled to lease land for $1 a year and to either build or buy a home there.
What billionaire owns a Hawaiian island?
Larry Ellison
Life With Larry. This is Lanai, Hawaii’s sixth-largest island. Larry Ellison owns 98% of it—everything except what’s shown here in black.
Who owns the Dole Plantation in Hawaii?
He established the Hawaiian Pineapple Company (HAPCO) which was later reorganized to become the Dole Food Company and now operates in over 90 countries. Dole was a cousin (once removed) of Sanford B. Dole, President of the Republic of Hawaii.
James Dole.
| James D. Dole Homestead | |
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| Added to NRHP | June 23, 1978 |
Does Dole still grow pineapples in Hawaii?
Dole and Del Monte moved most of their pineapple production out of Hawaii in the 1980s. The last sugar mill in Hawaii closed at the end of 2016.
Why is Dole dropping?
Still, DOLE did worse than most, losing almost 45% of its value in nine months. Several macroeconomic and microeconomic issues are to blame for DOLE’s poor performance, from inflationary pressures to contaminated harvesting equipment and consequent recalls.
How much did Elizabeth Dole make at Red Cross?
The Red Cross has agreed to pay Mrs. Dole an annual salary of $200,000; the last person who held the job made about $185,000 a year. ″The best way I can let volunteers know of their importance is to be one of them – to earn the patch on my sleeve,″ Mrs.
Does Dole own farms?
We operate approximately 109,000 acres of farms and other land holdings around the world, own a fleet of ten refrigerated container carriers and six pallet friendly conventional refrigerated ships and own or lease approximately 16,800 refrigerated containers and 740 dry containers.
Why is it called Dole?
In British English unemployment benefits are also colloquially referred to as “the dole”; receiving benefits is informally called “being on the dole”. “Dole” here is an archaic expression meaning “one’s allotted portion”, from the synonymous Old English word dāl.
Can you actually own land in Hawaii?
Anyone in the world can buy property in Hawaiʻi. However, if you are not a resident of Hawaiʻi, which is characterized as filing Hawaii state income taxes, then buying or selling land in Hawaii might have a few more complications.
What island can only Native Hawaiians go to?
Niihau
A privately owned island with an estimated 170 residents, Niihau, aka Niʻihau, is commonly referred to as Hawaii’s “Forbidden Island.” This invite-only destination tantalizes travelers from across the globe due to its extreme exclusivity.