"SAN JOSE The Olivera family has officially ended seven decades of ownership of an egg ranch in San Jose by selling the property for several million dollars to a housing developer that plans a residential project on the property. A family partnership sold the Olivera Egg Ranch property for $12 million, according to documents filed on Sept. 16 with the Santa Clara County Recorder's Office. Chickens eat feed at Olivera Egg Ranch at 3315 Sierra Road in San Jose, February 2025."
"Edward Olivera Jr., the principal trustee of the family trust that sold the ranch site, said he became concerned in recent years about the increasingly volatile nature of the egg business. The 2020 coronavirus outbreak, government-ordered shutdowns, egg surpluses, and the H5N1 bird flu virus variant, which were capped by soaring egg prices in 2024 due to inflation, underscored the uncertainties in the egg business in Olivera Jr.'s view."
"The economic whipsaws were a big factor in ultimately deciding to complete the sale to Robson Homes. I was getting kind of concerned, Olivera Jr. said in an interview with this news organization. What if something happens to me? No one has the knowledge of the business. I had it all. Still have it all. My family would be left literally holding the bag."
The Olivera family sold the 2.7-acre Egg Ranch at 3315 Sierra Road in the Berryessa district of east San Jose for $12 million in an all-cash deal. Robson Homes purchased the property and has long been interested, including a 2021 agreement with the family. Economic volatility in the egg business—driven by the 2020 coronavirus outbreak, government-ordered shutdowns, egg surpluses, the H5N1 bird flu variant, and 2024 price spikes tied to inflation—prompted the family trust to complete the sale. A 25-unit residential project is expected on the site, with most units planned as two-story homes.
Read at www.mercurynews.com
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