The Army Corps of Engineers moved to release massive quantities of water in Central California, panicking local officials.

That could transform parts of the San Joaquin Valley if farms fail and acreage goes fallow. The valley is the backbone of California’s $59 billion-a-year agricultural industry, which provides ...

currently owns 157 farms, comprised of approximately 111,000 acres in 15 different states and over 55,000 acre-feet of water assets in California, valued at a total of approximately $1.4 billion.