Tejon Ranch sells $8 million in water in first 3 months of 2018

  • [Tejon Ranch promotional photo]

    [Tejon Ranch promotional photo]

By Patric Hedlund and Gary Meyer, TME

The first quarter financial report from Tejon Ranch Company (TRC) was released this week, showing a profit of $1.5 million, due to a hefty $8 million in sales of water in the first three months of 2018.

“Moderate drought conditions in Kern County during the first quarter increased water sales opportunities, generating $8.0 million in revenue,” the report says. The $2.66 million a month in water sales are…(please see below to view full stories and photographs)

Photo captions:

[Tejon Ranch promotional photo of Castac Lake]

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This is part of the May 11, 2018 online edition of The Mountain Enterprise.

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