Limoneira (LMNR) 10-Q 10 Mar 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Jan. 31, 2016	Feb. 29, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Registrant Name	Limoneira CO
Entity Central Index Key	1,342,423
Current Fiscal Year End Date	--10-31
Entity Filer Category	Accelerated Filer
Trading Symbol	LMNR
Entity Common Stock, Shares Outstanding		14,171,976

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Current assets:
Cash	$ 60,000	$ 39,000
Accounts receivable, net	8,844,000	7,420,000
Cultural costs	1,650,000	3,916,000
Prepaid expenses and other current assets	2,876,000	2,387,000
Income taxes receivable	1,992,000	0
Total current assets	15,422,000	13,762,000
Property, plant and equipment, net	145,986,000	128,951,000
Real estate development	99,607,000	96,067,000
Equity in investments	3,161,000	3,047,000
Investment in Calavo Growers, Inc.	18,630,000	18,508,000
Other assets	9,128,000	9,035,000
Total Assets	291,934,000	269,370,000
Current liabilities:
Accounts payable	6,683,000	6,611,000
Growers payable	6,551,000	5,841,000
Accrued liabilities	3,413,000	5,864,000
Fair value of derivative instrument	729,000	767,000
Current portion of long-term debt	1,877,000	589,000
Total current liabilities	19,253,000	19,672,000
Long-term liabilities:
Long-term debt, less current portion	97,204,000	89,079,000
Deferred income taxes	19,546,000	19,425,000
Other long-term liabilities	5,649,000	7,641,000
Sale-leaseback deferral (Note 8)	21,114,000	0
Total liabilities	162,766,000	135,817,000
Commitments and contingencies	0	0
Stockholders’ equity:
Common Stock - $.01 par value (19,900,000 shares authorized: 14,135,080 and 14,078,077 shares issued and outstanding at October 31, 2015 and 2014, respectively)	141,000	141,000
Additional paid-in capital	90,962,000	90,759,000
Retained earnings	22,439,000	27,216,000
Accumulated other comprehensive income	3,345,000	3,156,000
Total stockholders’ equity	116,887,000	121,272,000
Total liabilities and stockholders’ equity	291,934,000	269,370,000
Series B Preferred Stock [Member]
Long-term liabilities:
Convertible Preferred Stock	2,950,000	2,950,000
Series B-2 Convertible Preferred Stock [Member]
Long-term liabilities:
Convertible Preferred Stock	9,331,000	9,331,000
Series A Preferred Stock [Member]
Stockholders’ equity:
Preferred Stock	$ 0	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	3 Months Ended
	Jan. 31, 2016	Oct. 31, 2015
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	19,900,000	19,900,000
Common Stock, Shares, Issued	14,171,976	14,135,080
Common Stock, Shares, Outstanding	14,171,976	14,135,080
Series B Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 100	$ 100
Preferred Stock, Shares Authorized	50,000	50,000
Preferred Stock, Shares Issued	29,500	29,500
Preferred Stock, Shares Outstanding	29,500	29,500
Preferred Stock, Dividend Rate, Percentage	8.75%	8.75%
Series B-2 Convertible Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 100	$ 100
Preferred Stock, Shares Authorized	10,000	10,000
Preferred Stock, Shares Issued	9,300	9,300
Preferred Stock, Shares Outstanding	9,300	9,300
Preferred Stock, Dividend Rate, Percentage	4.00%	4.00%
Temporary Equity, Liquidation Preference Per Share	$ 1,000	$ 1,000
Series A Junior Participating Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	20,000	20,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Net revenues:
Agribusiness	$ 23,567,000	$ 26,883,000
Rental operations	1,408,000	1,118,000
Real estate development	12,000	10,000
Total net revenues	24,987,000	28,011,000
Costs and expenses:
Agribusiness	25,472,000	25,814,000
Rental operations	949,000	805,000
Real estate development	1,436,000	242,000
Selling, general and administrative	3,464,000	3,667,000
Total costs and expenses	31,321,000	30,528,000
Operating loss	(6,334,000)	(2,517,000)
Other income:
Interest expense, net	(219,000)	(12,000)
Equity in earnings of investments	114,000	85,000
Other income, net	360,000	241,000
Total other income	255,000	314,000
Loss before income tax benefit	(6,079,000)	(2,203,000)
Income tax benefit	2,167,000	755,000
Net loss	(3,912,000)	(1,448,000)
Preferred dividends	(158,000)	(159,000)
Net loss applicable to common stock	$ (4,070,000)	$ (1,607,000)
Basic net loss per common share	$ (0.29)	$ (0.11)
Diluted net loss per common share	(0.29)	(0.11)
Dividends per common share	$ 0.05	$ 0.04
Weighted-average common shares outstanding-basic	14,148,000	14,098,000
Weighted-average common shares outstanding-diluted	14,148,000	14,098,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Net income	$ (3,912,000)	$ (1,448,000)
Other comprehensive income (loss), net of tax:
Minimum pension liability adjustment	113,000	149,000
Unrealized holding gains (losses) of security available-for-sale	75,000	(2,545,000)
Unrealized gains (losses) from derivative instrument	1,000	(173,000)
Total other comprehensive income (loss), net of tax	189,000	(2,569,000)
Comprehensive loss	$ (3,723,000)	$ (4,017,000)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Operating activities
Net loss	$ (3,912,000)	$ (1,448,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,128,000	989,000
Loss on disposal of assets	30,000	160,000
Stock compensation expense	393,000	569,000
Equity in earnings of investments	(114,000)	(85,000)
Cash distributions from equity investments	0	313,000
Accrued interest on note receivable	(5,000)	(12,000)
Changes in operating assets and liabilities:
Accounts receivable, net	(1,424,000)	(4,083,000)
Cultural costs	2,266,000	2,132,000
Prepaid expenses and other current assets	(539,000)	(23,000)
Income taxes receivable	(1,992,000)	(755,000)
Other assets	178,000	98,000
Accounts payable and growers payable	237,000	622,000
Accrued liabilities	(1,762,000)	(4,403,000)
Other long-term liabilities	159,000	86,000
Net cash used in operating activities	(5,357,000)	(5,840,000)
Investing activities
Capital expenditures	(5,861,000)	(7,065,000)
Proceeds from sale of LLC interest	18,000,000	0
Agriculture property acquisition	(15,098,000)	0
Equity investment contributions	0	(9,000)
Investments in mutual water companies	(8,000)	(8,000)
Net cash used in investing activities	(2,967,000)	(7,082,000)
Financing activities
Borrowings of long-term debt	60,225,000	36,960,000
Repayments of long-term debt	(50,824,000)	(22,957,000)
Dividends paid - common	(708,000)	(635,000)
Dividends paid - preferred	(158,000)	(159,000)
Exchange of common stock	(190,000)	(275,000)
Net cash provided by financing activities	8,345,000	12,934,000
Net increase in cash	21,000	12,000
Cash at beginning of period	39,000	92,000
Cash at end of period	60,000	104,000
Supplemental disclosures of cash flow information:
Cash paid during the year for interest (net of amounts capitalized)	227,000	(12,000)
Cash paid during the year for income taxes, net of refunds received	5,000	0
Non-cash investing and financing activities:
Unrealized holding (gain) loss on Calavo investment	(122,000)	4,215,000
Increase in real estate development and sale-leaseback deferral	1,114,000	0
Settlement of lease obligation related to agricultural property acquisition	(739,000)	0
Capital expenditures accrued but not paid at period-end	325,000	1,261,000
Accrued interest on note receivable	5,000	12,000
Accrued contribution obligation of investment in water company	270,000	270,000
Accrued Series B-2 Convertible Preferred Stock dividends	$ 31,000	$ 31,000

Business

Business	3 Months Ended
	Jan. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations [Text Block]	1. Business Limoneira Company, a Delaware corporation (the “Company”), engages primarily in growing citrus and avocados, picking and hauling citrus and packing, marketing and selling lemons. The Company is also engaged in residential rentals and other rental operations and real estate development activities. The Company markets and sells lemons directly to food service, wholesale and retail customers throughout the United States, Canada, Asia and other international markets. The Company is a member of Sunkist Growers, Inc. (“Sunkist”), an agricultural marketing cooperative, and sells its oranges, specialty citrus and other crops to Sunkist-licensed and other third-party packinghouses. The Company sells all of its avocado production to Calavo Growers, Inc. (“Calavo”), a packing and marketing company listed on NASDAQ under the symbol CVGW. Calavo’s customers include many of the largest retail and food service companies in the United States and Canada. The Company’s avocados are packed by Calavo, sold and distributed under Calavo brands to its customers. The unaudited interim consolidated financial statements include the accounts of the Company and the accounts of all the subsidiaries and investments in which a controlling interest is held by the Company. The unaudited interim consolidated financial statements represent the consolidated balance sheets, consolidated statements of operations, consolidated statements of comprehensive loss and consolidated statements of cash flows of the Company and its wholly-owned subsidiaries. The Company’s subsidiaries include: Limoneira International Division, LLC, Limoneira Mercantile, LLC, Windfall Investors, LLC, Templeton Santa Barbara, LLC, Associated Citrus Packers, Inc. (“Associated”), Limoneira Chile, SpA and Limoneira EA1 Land, LLC. All significant intercompany balances and transactions have been eliminated in consolidation. The Company considers the criteria established under the Financial Accounting Standards Board – Accounting Standards Code (“FASB ASC”) 810, Consolidations and the effect of variable interest entities, in its consolidation process. These unaudited consolidated financial statements should be read in conjunction with the notes thereto included in this quarterly report.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jan. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies Certain reclassifications have been made to the prior years’ consolidated financial statements to conform to the January 31, 2016 presentation. Financial Accounting Standards Board – Accounting Standards Update (“FASB ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition – Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and tangible assets within the scope of Topic 350, Intangibles – Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: · Identify the contract(s) with a customer. · Identify the performance obligations in the contract. · Determine the transaction price. · Allocate the transaction price to the performance obligations in the contract. · Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. Financial Accounting Standards Board – Accounting Standards Update (“FASB ASU”) 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern The amendments in ASU 2014-15 are intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. Under GAAP, financial statements are prepared under the presumption that the reporting organization will continue to operate as a going concern, except in limited circumstances. The going concern basis of accounting is critical to financial reporting because it establishes the fundamental basis for measuring and classifying assets and liabilities. Currently, GAAP lacks guidance about management’s responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern or to provide related footnote disclosures. This ASU provides guidance to an organization’s management, with principles and definitions that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. The amendments in this ASU are effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB Accounting Standards Update No. 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Retrospective adoption is required. The Company has early adopted this guidance as of January 31, 2016 and has reclassified debt issuance costs of $ 144,000 156,000 FASB Accounting Standards Update No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory The amendments in this ASU do not apply to inventory that is measured using last-in, first-out (LIFO) or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (FIFO) or average cost. An entity should measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments in this ASU more closely align the measurement of inventory in GAAP with the measurement of inventory in International Financial Reporting Standards. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The amendments should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. FASB Accounting Standards Update No. 2016-02, Leases (Topic 832) Under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: · A lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and · A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees will no longer be provided with a source of off-balance sheet financing. Public business entities should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Nonpublic business entities should apply the amendments for fiscal years beginning after December 15, 2019 and interim periods within fiscal years beginning after December 15, 2020. Early application is permitted for all public business entities and all nonpublic business entities upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is evaluating the effect this ASU may have on its consolidated financial statements.

Agriculture Property Acquisitio

Agriculture Property Acquisition	3 Months Ended
	Jan. 31, 2016
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	3. Agriculture Property Acquisition In September 2015, the Company entered into a purchase agreement to acquire 757 15,148,000 50,000 Additionally, the Company incurred $ 111,000 739,000 Fair Value Measurements and Disclosures Land $ 11,560,000 Land improvements 1,800,000 Buildings and building improvements 110,000 Orchards 1,050,000 Fair value of assets acquired $ 14,520,000

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Jan. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	4. Fair Value Measurements Under the FASB ASC 820, Fair Value Measurement and Disclosures January 31, 2016 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 18,630,000 $ – $ – $ 18,630,000 Liabilities at fair value: Derivative $ – $ 1,700,000 $ – $ 1,700,000 October 31, 2015 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 18,508,000 $ – $ – $ 18,508,000 Liabilities at fair value: Derivative $ – $ 1,702,000 $ – $ 1,702,000 Available-for-sale securities consist of marketable securities in Calavo common stock. The Company currently owns 360,000 2.1 51.75 51.41 The derivative consists of an interest rate swap, the fair value of which is estimated using industry-standard valuation models. Such models project future cash flows and discount the future amounts to a present value using market-based observable inputs.

Accounts Receivable

Accounts Receivable	3 Months Ended
	Jan. 31, 2016
Receivables [Abstract]
Accounts Receivable Disclosure [Text Block]	5. Accounts Receivable The Company grants credit in the course of its operations to customers, cooperatives, companies and lessees of the Company’s facilities. The Company performs periodic credit evaluations of its customers’ financial condition and generally does not require collateral. The Company provides allowances on its receivables, as required, based on accounts receivable aging and certain other factors. As of January 31, 2016 and October 31, 2015 the allowances totaled $ 191,000 390,000

Concentrations

Concentrations	3 Months Ended
	Jan. 31, 2016
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	6. Concentrations Lemons procured from third-party growers were 60% of lemon supply in the three months ended January 31, 2016, of which one third-party grower was 22% of lemon supply. The Company sells all of its avocado production to Calavo.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	3 Months Ended
	Jan. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses And Other Current Assets [Text Block]	7. Prepaid Expenses and Other Current Assets January 31, October 31, Prepaid insurance $ 647,000 $ 598,000 Prepaid supplies 1,173,000 1,064,000 Lemon supplier advances - 35,000 Deposits 128,000 129,000 Other 928,000 561,000 $ 2,876,000 $ 2,387,000

Real Estate Development Assets

Real Estate Development Assets	3 Months Ended
	Jan. 31, 2016
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	8. Real Estate Development Assets January 31, 2016 October 31, 2015 Investment in East Area 1 $ 60,522,000 $ 57,076,000 East Area 2 2,155,000 2,151,000 Templeton Santa Barbara, LLC 11,039,000 11,039,000 Windfall Investors, LLC 25,891,000 25,801,000 $ 99,607,000 $ 96,067,000 East Areas 1 and 2 In fiscal year 2005, the Company began capitalizing the costs of two real estate development projects east of Santa Paula, California, for the development of 550 3,450,000 1,007,000 1,151,000 4,000 On November 10, 2015, (the “Transaction Date”) the Company entered into a joint venture with The Lewis Group of Companies (“Lewis”) for the residential development of its East Area I real estate development project. To consummate the transaction, the Company formed Limoneira Lewis Community Builders, LLC (the “LLC” or “Joint Venture”) as the development entity, contributed its East Area I property to the LLC and sold a 50 20,000,000 2,000,000 18,000,000 18,800,000 1,200,000 2,100,000 On the Transaction Date, the LLC and Lewis also entered into a limited liability company agreement (the “LLC Agreement”) providing for the admittance of Lewis as a 50% member of the Joint Venture. The LLC Agreement provides that Lewis will serve as the manager of the Joint Venture with the right to manage, control, and conduct its day-to-day business and development activities. Certain major decisions, which are enumerated in the LLC Agreement, require approval by an executive committee comprised of two representatives appointed by Lewis and two representatives appointed by the Company. Pursuant to the LLC Agreement, the Joint Venture will own, develop, subdivide, entitle, maintain, improve, hold for investment, market and dispose of the Joint Venture’s property in accordance with the business plan and budget approved by the executive committee. Further, on the Transaction Date, the Joint Venture and the Company entered into a Lease Agreement (the "Lease Agreement"), pursuant to which the Joint Venture will lease certain of the contributed East Area I property back to the Company for continuation of agricultural operations, and certain other permitted uses, on the property until the Joint Venture requires the property for development. The Lease will terminate in stages corresponding to the Joint Venture's development of the property, which is to occur in stages pursuant to a phased master development plan. In any event, the Lease will terminate five years from the Transaction Date. The Company and the Joint Venture also entered into a Retained Property Development Agreement on the Transaction Date (the "Retained Property Agreement"). Under the terms of the Retained Property Agreement, the Joint Venture will transfer certain contributed East Area I property, which is entitled for commercial development, back to the Company (the "Retained Property") and arrange for the design and construction of certain improvements to the Retained Property, subject to certain reimbursements by the Company. The Company’s sale of an interest in the LLC in which the Company’s contributed property comprises the LLC’s primary asset, combined with the Lease Agreement is considered a sale-leaseback transaction under FASB ASC 840, Leases 20,000,000 1,114,000 Contributions made by the Company to the LLC and the Company’s proportionate share of Joint Venture’s results of operations and distributions received by the Company from the LLC will be accounted for under the equity method. In connection with facilitating the annexation of East Area I into the City of Santa Paula, during February 2014 the Company entered into a Capital Improvement Cost Sharing Agreement for Improvements to Santa Paula Creek Channel (the “Cost Sharing Agreement”) with the Ventura County Watershed Protection District (the “District”). The Cost Sharing Agreement requires the Company to reimburse the District 28.5 5,000,000 Templeton Santa Barbara, LLC The three real estate development parcels within the Templeton Santa Barbara, LLC project are described as Centennial Square (“Centennial”), The Terraces at Pacific Crest (“Pacific Crest”), and Sevilla. The net carrying values of Centennial, Pacific Crest and Sevilla at January 31, 2016 and October 31, 2015 were $ 2,983,000 3,370,000 4,686,000 43,000 Windfall Investors, LLC On November 15, 2009, the Company acquired Windfall Investors, LLC, which included $ 16,842,000 90,000 150,000 241,000 185,000

Investment in Calavo Growers, I

Investment in Calavo Growers, Inc.	3 Months Ended
	Jan. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	9. Investment in Calavo Growers, Inc. In June 2005, the Company entered into a stock purchase agreement with Calavo. Pursuant to this agreement, the Company purchased 1,000,000 6.9 10,000,000 1,728,570 15.1 23,450,000 13,450,000 In fiscal year 2009, the Company sold 335,000 6,079,000 2,729,000 165,000 4,788,000 3,138,000 140,000 6,433,000 5,033,000 360,000 Additionally, changes in the fair value of the available-for-sale securities result in unrealized holding gains and losses on shares held by the Company and reclassifications of unrealized gains on securities sold by the Company. The Company recorded unrealized holding gains and (losses) of $ 122,000 75,000 4,215,000 2,545,000

Other Assets

Other Assets	3 Months Ended
	Jan. 31, 2016
Other Assets [Abstract]
Other Assets Disclosure [Text Block]	10. Other Assets Other assets consist of the following: January 31, October 31, Investments in mutual water companies $ 4,309,000 $ 4,031,000 Acquired water and mineral rights 1,536,000 1,536,000 Deferred lease assets and other 1,605,000 1,753,000 Note receivable 594,000 589,000 Acquired trade names and trademarks, net 404,000 446,000 Goodwill 680,000 680,000 $ 9,128,000 $ 9,035,000

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Jan. 31, 2016
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	11. Accrued Liabilities Accrued liabilities consist of the following: January 31, October 31, Compensation $ 1,044,000 $ 1,655,000 Income taxes - 180,000 Property taxes 193,000 541,000 Interest 266,000 263,000 Deferred rental income and deposits 869,000 892,000 Lease expense 93,000 827,000 Lemon supplier payables 66,000 788,000 Capital expenditures and other 882,000 718,000 $ 3,413,000 $ 5,864,000

Long-Term Debt

Long-Term Debt	3 Months Ended
	Jan. 31, 2016
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	12. Long-Term Debt Long-term debt is comprised of the following: January 31, October 31, Rabobank revolving credit facility: the interest rate is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 0.42% at January 31, 2016, plus 1.80%. Interest is payable monthly and the principal is due in full in June 2018. $ 83,382,000 $ 83,834,000 Farm Credit West term loan: the interest rate is variable and was 2.95% at January 31, 2016. The loan is payable in quarterly installments through November 2022. 4,102,000 4,235,000 Farm Credit West non-revolving line of credit: the interest rate is variable and was 2.95% at January 31, 2016. Interest is payable monthly and the principal is due in full in May 2018. 492,000 492,000 Farm Credit West term loan: the interest rate is variable and was 2.95% at January 31, 2016. The loan is payable in monthly installments through October 2035. 1,249,000 1,263,000 Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 10,000,000 - Subtotal 99,225,000 89,824,000 Less deferred financing costs 144,000 156,000 Total long-term debt, net 99,081,000 89,668,000 Less current portion 1,877,000 589,000 Long-term debt, less current portion $ 97,204,000 $ 89,079,000 The Rabobank revolving credit facility provides for maximum borrowings of $ 100,000,000 92,556,000 The Company entered into a $ 10,000,000 3.58 1.25 1.0 2 On February 20, 2016, the Company entered into a loan agreement with Farm Credit West and repaid the Farm Credit West non-revolving line of credit in full as further described in Note 21. Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. Interest of $ 507,000 609,000

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Jan. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	13. Derivative Instruments and Hedging Activities The Company enters into interest rate swaps to minimize the risks and costs associated with its financing activities. Derivative financial instruments are as follows: Notional Amount Fair Value Liability January 31, October 31, January 31, October 31, Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018 $ 40,000,000 $ 40,000,000 $ 1,700,000 $ 1,702,000 In November 2011, the Company entered into a forward interest rate swap agreement with Rabobank International, Utrecht to fix the interest rate at 4.30 40,000,000

Basic and Diluted Net Loss per

Basic and Diluted Net Loss per Share	3 Months Ended
	Jan. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	14. Basic and Diluted Net Loss per Share Basic net loss per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net loss per common share is calculated using the weighted-average number of common shares outstanding plus the dilutive effect of conversion of preferred stock. The Series B and Series B-2 convertible preferred shares were excluded from the computation of diluted net loss per common share for the three months ended January 31, 2016 and 2015 because such shares were anti-dilutive. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends as participating shares are included in computing earnings per share using the two-class method. The Company’s unvested, restricted stock awards qualify as participating shares.

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Jan. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	15. Related-Party Transactions The Company rents certain of its residential housing assets to employees on a month-to-month basis. The Company recorded $ 151,000 156,000 The Company has representation on the boards of directors of the mutual water companies in which the Company has investments. The Company recorded capital contributions and purchased water and water delivery services from the mutual water companies, in aggregate, of $ 653,000 586,000 292,000 175,000 The Company has representation on the board of directors of a non-profit cooperative association that provides pest control services for the agricultural industry. The Company purchased services and supplies of $ 456,000 342,000 22,000 142,000 The Company recorded dividend income of $ 288,000 375,000 2,000 6,000 68,000 Certain members of the Company’s board of directors market lemons through the Company pursuant to its customary marketing agreements. During the three months ended January 31, 2016 and 2015, the aggregate amount of lemons procured from entities owned or controlled by members of the Company’s board of directors was $ 55,000 56,000 531,000 On July 1, 2013, the Company and Cadiz Real Estate, LLC (“Cadiz”), a wholly-owned subsidiary of Cadiz, Inc., entered into a long-term lease agreement (the “Lease”) for a minimum of 320 acres, with options to lease up to an additional 960 acres, located within 9,600 zoned agricultural acres owned by Cadiz in eastern San Bernardino County, California. The initial term of the Lease runs for 20 200 20 1,200 52,000 44,000 9,000 90,000 32,000 On February 5, 2015, the Company entered into a Modification of Lease Agreement (the “Amendment”) with Cadiz. The Amendment, among other things, increased by 200 acres the amount of property leased by the Company under the lease agreement dated July 1, 2013. In connection with the Amendment, the Company paid a total of $ 1,212,000 The Company has representation on the board of directors of Colorado River Growers, Inc. (“CRG”), a non-profit cooperative association of fruit growers engaged in the agricultural harvesting business in Yuma County, Arizona. The Company paid harvest and third-party grower expense to CRG of $ 2,584,000 4,071,000 229,000 305,000 6,000 116,000 The Company has representation on the board of directors of Yuma Mesa Irrigation and Drainage District (“YMIDD”). In December 2013, Associated entered into an agreement, as amended in December 2014 and 2015, with YMIDD to participate in a Pilot Fallowing Program in which Associated agreed to forego its water allocation for approximately 300 acres of land in exchange for $ 750 50,000 160,000 17,000 15,000 17,000 The Company has a 1.3 22.1 31,000 39,000 712,000 313,000 175,000 183,000 On August 14, 2014, through the Company’s wholly owned subsidiary, Limoneira Chile SpA, it invested $ 1,750,000 35 119,000 10,000 46,000 52,000

Income Taxes

Income Taxes	3 Months Ended
	Jan. 31, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	16. Income Taxes The Company’s estimated effective tax rate for the first quarter of fiscal year 2016 is approximately 35.7%, inclusive of certain discrete items. There has been no material change to the Company’s uncertain tax position for the three months ended January 31, 2016. The Company does not expect its unrecognized tax benefits to change significantly over the next 12 months. The Company’s policy is to recognize interest expense and penalties related to income tax matters as a component of income tax expense. The Company has not accrued any interest and penalties associated with uncertain tax positions as of January 31, 2016.

Retirement Plans

Retirement Plans	3 Months Ended
	Jan. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	17. Retirement Plans The Limoneira Company Retirement Plan (the “Plan”) is a noncontributory, defined benefit, single employer pension plan, which provides retirement benefits for all eligible employees of the Company. Benefits paid by the Plan are calculated based on years of service, highest five-year average earnings, primary Social Security benefit and retirement age. Effective June 2004, the Company froze the Plan and no additional benefits accrued to participants subsequent to that date. The Plan is administered by Wells Fargo Bank and Mercer Human Resource Consulting. The Plan is funded consistent with the funding requirements of federal law and regulations. There were funding contributions of zero and $ 125,000 2016 2015 Administrative expenses $ 31,000 $ 34,000 Interest cost 209,000 213,000 Expected return on plan assets (269,000) (282,000) Recognized actuarial loss 186,000 246,000 Net periodic benefit cost $ 157,000 $ 211,000

Other Long-Term Liabilities

Other Long-Term Liabilities	3 Months Ended
	Jan. 31, 2016
Other Liabilities Disclosure [Abstract]
Other Liabilities Disclosure [Text Block]	18. Other Long-Term Liabilities January 31, 2016 October 31, 2015 Minimum pension liability $ 4,329,000 $ 4,359,000 Fair value of derivative instrument 971,000 935,000 Contingent consideration 300,000 300,000 Deposit received for joint venture interest - 2,000,000 Deferred gain and other 49,000 47,000 $ 5,649,000 $ 7,641,000

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Jan. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	19. Stock-based Compensation The Company has a stock-based compensation plan (the “Stock Plan”) that allows for the grant of common stock of the Company to members of management based on achievement of certain annual financial performance and other criteria. The number of shares granted is based on a percentage of the employee’s base salary divided by the stock price on the grant date. Shares granted under the Stock Plan generally vest over a three year period. In December 2015, 27,424 15.29 410,000 130,000 42,085 25.35 1,071,000 367,000 27,091 26.82 727,000 253,000 Three Months Ended Performance Shares 2016 2015 2012 34,721 $ - $ 33,000 2013 27,091 - 59,000 2014 42,085 88,000 88,000 2015 27,424 32,000 64,000 $ 120,000 $ 244,000 During the three months ended January 31, 2016 and 2015 members of management exchanged 12,433 10,907 190,000 275,000 During January 2016 and 2015, 21,905 15,077 273,000 325,000

Segment Information

Segment Information	3 Months Ended
	Jan. 31, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	20. Segment Information The Company operates in four reportable operating segments; lemon operations, other agribusiness, rental operations and real estate development. The reportable operating segments of the Company are strategic business units with different products and services, distribution processes and customer bases. The lemon operations segment includes farming, harvesting and lemon packing. The other agribusiness segment includes farming and harvesting of avocados, oranges and specialty citrus. The rental operations segment includes housing and commercial rental operations, leased land and organic recycling. The real estate development segment includes real estate development operations. The Company does not separately allocate depreciation and amortization to its lemon operations and other agribusiness segments. No asset information is provided for reportable segments as these specified amounts are not included in the measure of segment profit or loss reviewed by the Company’s chief operating decision maker. The Company measures operating performance, including revenues and operating income, of its operating segments and allocates resources based on its evaluation. The Company does not allocate selling, general and administrative expense, other income, interest expense and income taxes, or specifically identify them to its operating segments. During the fourth quarter of fiscal year 2015, the Company changed the composition of its operating segments from three reportable segments to four reportable segments by presenting lemon operations separate from other agribusiness. This change was made to align operating segments with the basis that the chief operating decision maker uses to review financial information to make operating decisions, assess performance, develop strategy and allocate capital resources. All prior period disclosures below have been recast to present results on a comparable basis. Three Months Ended January 31, 2016 2015 Lemon operations: Revenues $ 21,865,000 $ 24,698,000 Costs and expenses 21,631,000 22,083,000 Operating income 234,000 2,615,000 Other agribusiness: Revenues 1,702,000 2,185,000 Costs and expenses 2,954,000 2,940,000 Operating loss (1,252,000) (755,000) Lemon and other agribusiness depreciation and amortization 887,000 791,000 Total agribusiness operating (loss) income (1,905,000) 1,069,000 Rental operations: Revenues 1,408,000 1,118,000 Costs and expenses 778,000 668,000 Depreciation and amortization 171,000 137,000 Operating income 459,000 313,000 Real estate development: Revenues 12,000 10,000 Costs and expenses 1,421,000 233,000 Depreciation and amortization 15,000 9,000 Operating loss (1,424,000) (232,000) Selling, general and administrative expenses (3,464,000) (3,667,000) Total operating loss $ (6,334,000) $ (2,517,000) The following table sets forth revenues by category, by segment for three months ended January 31, 2016 and 2015: Three Months Ended January 31, 2016 2015 Lemon operations revenues $ 21,865,000 $ 24,698,000 Avocados 2,000 6,000 Navel and Valencia oranges 1,041,000 1,456,000 Specialty citrus and other crops 659,000 723,000 Other agribusiness revenues 1,702,000 2,185,000 Residential and commercial rentals 866,000 631,000 Leased land 491,000 467,000 Organic recycling 51,000 20,000 Rental operations revenues 1,408,000 1,118,000 Real estate development revenues 12,000 10,000 Total revenues $ 24,987,000 $ 28,011,000

Subsequent Events

Subsequent Events	3 Months Ended
	Jan. 31, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	21. Subsequent Events The Company has evaluated events subsequent to January 31, 2016 through the filing date to assess the need for potential recognition or disclosure in this Quarterly Report on Form 10-Q. Based upon this evaluation, except as described below and in the notes to the consolidate financial statements, it was determined that no other subsequent events occurred that require recognition or disclosure in the unaudited consolidated financial statements. Farm Credit West Term Loan On February 16, 2016, the Company entered into a Promissory Note and Loan Agreement with Farm Credit West. The loan agreement provides for a term loan in the amount of $10,000,000 (“Term Loan A”) and a term loan in the amount of $7,500,000 (“Term Loan B”, together with Term Loan A, the “Term Loans”). The Term Loans mature on March 1, 2036 and are secured by certain of the Company’s agricultural properties. Term Loan A bears interest at a fixed rate of 4.70% for the life of the loan. Term Loan B bears interest at a fixed rate of 3.62% for the first five years of the loan and at the end of such time, on March 1, 2021, unless the remaining balance of Term Loan B is repaid or fixed for an additional period, the fixed rate for Term Loan B will automatically convert to the then current variable interest rate for which Term Loan B is eligible. The Term Loans provide for monthly principal and interest payments and are pre-payable in whole or in part after September 1, 2016. The proceeds from the Term Loans were used to repay the Farm Credit West Line of Credit and pay down outstanding indebtedness under the revolving credit facility the Company has with Rabobank, N.A., Additionally, the loan agreement includes default provisions that at the Lender’s option may cause all principal, interest and other amounts that may have been advanced under the loan to become immediately due and payable by the Company.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jan. 31, 2016
Accounting Policies [Abstract]
Reclassifications and Adjustments[PolicyText Block]	Reclassifications and Adjustments Certain reclassifications have been made to the prior years’ consolidated financial statements to conform to the January 31, 2016 presentation.
Recent Accounting Pronouncements [Policy Text Block]	Recent Accounting Pronouncements Financial Accounting Standards Board – Accounting Standards Update (“FASB ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition – Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and tangible assets within the scope of Topic 350, Intangibles – Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: · Identify the contract(s) with a customer. · Identify the performance obligations in the contract. · Determine the transaction price. · Allocate the transaction price to the performance obligations in the contract. · Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. Financial Accounting Standards Board – Accounting Standards Update (“FASB ASU”) 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern The amendments in ASU 2014-15 are intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. Under GAAP, financial statements are prepared under the presumption that the reporting organization will continue to operate as a going concern, except in limited circumstances. The going concern basis of accounting is critical to financial reporting because it establishes the fundamental basis for measuring and classifying assets and liabilities. Currently, GAAP lacks guidance about management’s responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern or to provide related footnote disclosures. This ASU provides guidance to an organization’s management, with principles and definitions that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. The amendments in this ASU are effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB Accounting Standards Update No. 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Retrospective adoption is required. The Company has early adopted this guidance as of January 31, 2016 and has reclassified debt issuance costs of $ 144,000 156,000 FASB Accounting Standards Update No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory The amendments in this ASU do not apply to inventory that is measured using last-in, first-out (LIFO) or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (FIFO) or average cost. An entity should measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments in this ASU more closely align the measurement of inventory in GAAP with the measurement of inventory in International Financial Reporting Standards. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The amendments should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. FASB Accounting Standards Update No. 2016-02, Leases (Topic 832) Under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: · A lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and · A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees will no longer be provided with a source of off-balance sheet financing. Public business entities should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Nonpublic business entities should apply the amendments for fiscal years beginning after December 15, 2019 and interim periods within fiscal years beginning after December 15, 2020. Early application is permitted for all public business entities and all nonpublic business entities upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is evaluating the effect this ASU may have on its consolidated financial statements.

Agriculture Property Acquisit29

Agriculture Property Acquisition (Tables)	3 Months Ended
	Jan. 31, 2016
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following is a summary of the fair value of the assets acquired on the date of acquisition based on a third-party valuation, which is considered a Level 3 fair value measurement under FASB ASC 820, Fair Value Measurements and Disclosures Land $ 11,560,000 Land improvements 1,800,000 Buildings and building improvements 110,000 Orchards 1,050,000 Fair value of assets acquired $ 14,520,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Jan. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following table sets forth the Company’s financial assets and liabilities as of January 31, 2016 and October 31, 2015, which are measured on a recurring basis during the period, segregated by level within the fair value hierarchy: January 31, 2016 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 18,630,000 $ – $ – $ 18,630,000 Liabilities at fair value: Derivative $ – $ 1,700,000 $ – $ 1,700,000 October 31, 2015 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 18,508,000 $ – $ – $ 18,508,000 Liabilities at fair value: Derivative $ – $ 1,702,000 $ – $ 1,702,000

Prepaid Expenses and Other Cu31

Prepaid Expenses and Other Current Assets (Tables)	3 Months Ended
	Jan. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	Prepaid expenses and other current assets consist of the following: January 31, October 31, Prepaid insurance $ 647,000 $ 598,000 Prepaid supplies 1,173,000 1,064,000 Lemon supplier advances - 35,000 Deposits 128,000 129,000 Other 928,000 561,000 $ 2,876,000 $ 2,387,000

Real Estate Development Assets

Real Estate Development Assets (Tables)	3 Months Ended
	Jan. 31, 2016
Real Estate [Abstract]
Schedule of Real Estate Properties [Table Text Block]	Real estate development assets consist of the following: January 31, 2016 October 31, 2015 Investment in East Area 1 $ 60,522,000 $ 57,076,000 East Area 2 2,155,000 2,151,000 Templeton Santa Barbara, LLC 11,039,000 11,039,000 Windfall Investors, LLC 25,891,000 25,801,000 $ 99,607,000 $ 96,067,000

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Jan. 31, 2016
Other Assets [Abstract]
Schedule of Other Assets [Table Text Block]	January 31, October 31, Investments in mutual water companies $ 4,309,000 $ 4,031,000 Acquired water and mineral rights 1,536,000 1,536,000 Deferred lease assets and other 1,605,000 1,753,000 Note receivable 594,000 589,000 Acquired trade names and trademarks, net 404,000 446,000 Goodwill 680,000 680,000 $ 9,128,000 $ 9,035,000

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Jan. 31, 2016
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	January 31, October 31, Compensation $ 1,044,000 $ 1,655,000 Income taxes - 180,000 Property taxes 193,000 541,000 Interest 266,000 263,000 Deferred rental income and deposits 869,000 892,000 Lease expense 93,000 827,000 Lemon supplier payables 66,000 788,000 Capital expenditures and other 882,000 718,000 $ 3,413,000 $ 5,864,000

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Jan. 31, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt is comprised of the following: January 31, October 31, Rabobank revolving credit facility: the interest rate is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 0.42% at January 31, 2016, plus 1.80%. Interest is payable monthly and the principal is due in full in June 2018. $ 83,382,000 $ 83,834,000 Farm Credit West term loan: the interest rate is variable and was 2.95% at January 31, 2016. The loan is payable in quarterly installments through November 2022. 4,102,000 4,235,000 Farm Credit West non-revolving line of credit: the interest rate is variable and was 2.95% at January 31, 2016. Interest is payable monthly and the principal is due in full in May 2018. 492,000 492,000 Farm Credit West term loan: the interest rate is variable and was 2.95% at January 31, 2016. The loan is payable in monthly installments through October 2035. 1,249,000 1,263,000 Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 10,000,000 - Subtotal 99,225,000 89,824,000 Less deferred financing costs 144,000 156,000 Total long-term debt, net 99,081,000 89,668,000 Less current portion 1,877,000 589,000 Long-term debt, less current portion $ 97,204,000 $ 89,079,000

Derivative Instruments and He36

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Jan. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments [Table Text Block]	Notional Amount Fair Value Liability January 31, October 31, January 31, October 31, Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018 $ 40,000,000 $ 40,000,000 $ 1,700,000 $ 1,702,000

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
	Jan. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	The components of net periodic benefit cost for the Plan for the three months ended January 31 were as follows: 2016 2015 Administrative expenses $ 31,000 $ 34,000 Interest cost 209,000 213,000 Expected return on plan assets (269,000) (282,000) Recognized actuarial loss 186,000 246,000 Net periodic benefit cost $ 157,000 $ 211,000

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	3 Months Ended
	Jan. 31, 2016
Other Liabilities Disclosure [Abstract]
Other Noncurrent Liabilities [Table Text Block]	Other long-term liabilities consist of the following: January 31, 2016 October 31, 2015 Minimum pension liability $ 4,329,000 $ 4,359,000 Fair value of derivative instrument 971,000 935,000 Contingent consideration 300,000 300,000 Deposit received for joint venture interest - 2,000,000 Deferred gain and other 49,000 47,000 $ 5,649,000 $ 7,641,000

Stock-based Compensation (Table

Stock-based Compensation (Tables)	3 Months Ended
	Jan. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Stock-based compensation expense is included in selling, general and administrative expense and is recognized over the performance and vesting periods as summarized below: Three Months Ended Performance Shares 2016 2015 2012 34,721 $ - $ 33,000 2013 27,091 - 59,000 2014 42,085 88,000 88,000 2015 27,424 32,000 64,000 $ 120,000 $ 244,000

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jan. 31, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Segment information for the three months ended January 31, 2016 and 2015: Three Months Ended January 31, 2016 2015 Lemon operations: Revenues $ 21,865,000 $ 24,698,000 Costs and expenses 21,631,000 22,083,000 Operating income 234,000 2,615,000 Other agribusiness: Revenues 1,702,000 2,185,000 Costs and expenses 2,954,000 2,940,000 Operating loss (1,252,000) (755,000) Lemon and other agribusiness depreciation and amortization 887,000 791,000 Total agribusiness operating (loss) income (1,905,000) 1,069,000 Rental operations: Revenues 1,408,000 1,118,000 Costs and expenses 778,000 668,000 Depreciation and amortization 171,000 137,000 Operating income 459,000 313,000 Real estate development: Revenues 12,000 10,000 Costs and expenses 1,421,000 233,000 Depreciation and amortization 15,000 9,000 Operating loss (1,424,000) (232,000) Selling, general and administrative expenses (3,464,000) (3,667,000) Total operating loss $ (6,334,000) $ (2,517,000) The following table sets forth revenues by category, by segment for three months ended January 31, 2016 and 2015: Three Months Ended January 31, 2016 2015 Lemon operations revenues $ 21,865,000 $ 24,698,000 Avocados 2,000 6,000 Navel and Valencia oranges 1,041,000 1,456,000 Specialty citrus and other crops 659,000 723,000 Other agribusiness revenues 1,702,000 2,185,000 Residential and commercial rentals 866,000 631,000 Leased land 491,000 467,000 Organic recycling 51,000 20,000 Rental operations revenues 1,408,000 1,118,000 Real estate development revenues 12,000 10,000 Total revenues $ 24,987,000 $ 28,011,000

Summary of Significant Accoun41

Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended
	Jan. 31, 2016	Oct. 31, 2015
Accounting Policies [Line Items]
Debt Issuance Cost	$ 144,000	$ 156,000

Agriculture Property Acquisit42

Agriculture Property Acquisition (Details)	Jan. 31, 2016USD ($)
Assets acquired
Land	$ 11,560,000
Land improvements	1,800,000
Buildings and building improvements	110,000
Orchards	1,050,000
Fair value of assets acquired	$ 14,520,000

Agriculture Property Acquisit43

Agriculture Property Acquisition (Details Textual)	1 Months Ended	3 Months Ended
	Sep. 30, 2015USD ($)a	Jan. 31, 2016USD ($)	Jan. 31, 2015USD ($)
Business Acquisition [Line Items]
Acres Of Land Purchased | a	757
Payments to Acquire Land Held-for-use	$ 15,148,000	$ 111,000
Increase in Restricted Cash	$ 50,000
Payments to Acquire Businesses, Gross		15,098,000	$ 0
Settlement Of Lease Obligation Related To Agricultural Property Acquisition		$ (739,000)	$ 0

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Assets at fair value:
Available- for -sale securities	$ 18,630,000	$ 18,508,000
Liabilities at fair value:
Derivative	1,700,000	1,702,000
Fair Value, Inputs, Level 1 [Member]
Assets at fair value:
Available- for -sale securities	18,630,000	18,508,000
Liabilities at fair value:
Derivative	0	0
Fair Value, Inputs, Level 2 [Member]
Assets at fair value:
Available- for -sale securities	0	0
Liabilities at fair value:
Derivative	1,700,000	1,702,000
Fair Value, Inputs, Level 3 [Member]
Assets at fair value:
Available- for -sale securities	0	0
Liabilities at fair value:
Derivative	$ 0	$ 0

Fair Value Measurements (Deta45

Fair Value Measurements (Details Textual) - Calavo Growers Incorporated [Member] - $ / shares	Jan. 31, 2016	Oct. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Method Investment Investee Price Per Share	$ 51.75	$ 51.41
Investment Owned, Balance, Shares	360,000
Equity Method Investment, Ownership Percentage	2.10%

Accounts Receivable (Details Te

Accounts Receivable (Details Textual) - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Accounts Receivable Disclosure [Line Items]
Allowance for Doubtful Accounts Receivable, Current	$ 191,000	$ 390,000

Concentrations (Details Textual

Concentrations (Details Textual)	3 Months Ended
	Jan. 31, 2016
Supplier Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	22.00%
Lemons [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	60.00%

Prepaid Expenses and Other Cu48

Prepaid Expenses and Other Current Assets (Details) - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Line Items]
Prepaid insurance	$ 647,000	$ 598,000
Prepaid supplies	1,173,000	1,064,000
Lemon supplier advances	0	35,000
Deposits	128,000	129,000
Other	928,000	561,000
Prepaid Expense and Other Assets, Current	$ 2,876,000	$ 2,387,000

Real Estate Development Asset49

Real Estate Development Assets (Details) - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Real Estate Properties [Line Items]
Real Estate Under Development Noncurrent	$ 99,607,000	$ 96,067,000
Investment in East Area 1 [Member]
Real Estate Properties [Line Items]
Real Estate Under Development Noncurrent	60,522,000	57,076,000
East Area 2 [Member]
Real Estate Properties [Line Items]
Real Estate Under Development Noncurrent	2,155,000	2,151,000
Templeton Santa Barbara, LLC [Member]
Real Estate Properties [Line Items]
Real Estate Under Development Noncurrent	11,039,000	11,039,000
Windfall Investors, LLC [Member]
Real Estate Properties [Line Items]
Real Estate Under Development Noncurrent	$ 25,891,000	$ 25,801,000

Real Estate Development Asset50

Real Estate Development Assets (Details Textual)	1 Months Ended		3 Months Ended
	Nov. 10, 2015USD ($)	Sep. 30, 2015USD ($)	Jan. 31, 2016USD ($)a	Jan. 31, 2015USD ($)	Oct. 31, 2015USD ($)	Nov. 15, 2009USD ($)
Real Estate Properties [Line Items]
Equity Method Investment, Net Sales Proceeds	$ 18,800,000
Increase In Real Estate Development And Financing Liability			$ 1,114,000	$ 0
Windfall Investors, LLC [Member]
Real Estate Properties [Line Items]
Real Estate Development Expense			241,000	185,000
Real Estate Under Development Current And Noncurrent						$ 16,842,000
SEC Schedule III, Real Estate, Period Increase (Decrease), Total			$ 90,000	150,000
East Areas 1 and 2 [Member]
Real Estate Properties [Line Items]
Number Of Acres Of Land For Real Estate Development | a			550
Real Estate Development Expense			$ 1,151,000	4,000
SEC Schedule III, Real Estate, Period Increase (Decrease), Total			$ 3,450,000	1,007,000
Number Of Real Estate Development Projects			2
East Area 1 [Member]
Real Estate Properties [Line Items]
Prorata Share Percentage Of Improvement Costs Required To Be Paid Relating To Annexation			28.50%
Maximum Improvement Costs Required To Be Paid Relating To Annexation Of Real Estate Property			$ 5,000,000
Templeton Santa Barbara Limited Liability Company [Member]
Real Estate Properties [Line Items]
Real Estate Development Expense			$ 43,000	$ 43,000
Number Of Real Estate Development Projects			3
Centennial Square [Member]
Real Estate Properties [Line Items]
SEC Schedule III, Real Estate, Gross, Beginning Balance			$ 2,983,000		$ 2,983,000
Pacific Crest [Member]
Real Estate Properties [Line Items]
SEC Schedule III, Real Estate, Gross, Beginning Balance			3,370,000		3,370,000
Sevilla [Member]
Real Estate Properties [Line Items]
SEC Schedule III, Real Estate, Gross, Beginning Balance			4,686,000		$ 4,686,000
Lewis Group of Companies [Member]
Real Estate Properties [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Equity Method Investment, Aggregate Cost	$ 20,000,000		20,000,000
Proceeds from Sale of Equity Method Investments	18,000,000	$ 2,000,000	$ 1,200,000
Payments of Financing Costs, Total	$ 2,100,000

Investment in Calavo Growers,51

Investment in Calavo Growers, Inc. (Details Textual) - Calavo Growers, Inc [Member] - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Jun. 30, 2005	Jan. 31, 2016	Jan. 31, 2015	Oct. 31, 2015	Oct. 31, 2013	Oct. 31, 2009
Schedule of Available-for-sale Securities [Line Items]
Investment Owned, Balance, Shares	1,000,000
Equity Method Investment, Ownership Percentage	6.90%
Payments to Acquire Available-for-sale Securities, Equity	$ 10,000,000
Stock Issued During Period, Shares, New Issues	1,728,570
Percentage Of Ownership Interest Sold	15.10%
Stock Issued During Period, Value, New Issues	$ 23,450,000
Proceeds From Payment For Stock Purchase Agreement	$ 13,450,000
Sale Of Available For Sale Securities Number Of Shares Sold						335,000
Proceeds from Sale of Available-for-sale Securities, Equity					$ 4,788,000	$ 6,079,000
Available-for-sale Securities, Gross Realized Gain (Loss)				$ 5,033,000	$ 3,138,000	$ 2,729,000
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss) before Taxes		$ 122,000	$ 4,215,000
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss), Net of Tax, Total		$ 75,000	$ 2,545,000
Sale of Stock, Number of Shares Issued in Transaction				140,000	165,000
Proceeds from Sale of Available-for-sale Securities, Total				$ 6,433,000
Available-for-sale Securities, Total				$ 360,000

Other Assets (Details)

Other Assets (Details) - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Regulatory Assets [Line Items]
Investments in mutual water companies	$ 4,309,000	$ 4,031,000
Acquired water and mineral rights	1,536,000	1,536,000
Deferred lease assets and other	1,605,000	1,753,000
Note receivable	594,000	589,000
Acquired trade names and trademarks, net	404,000	446,000
Goodwill	680,000	680,000
Other Assets, Noncurrent	$ 9,128,000	$ 9,035,000

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Schedule of Accrued Liabilities [Line Items]
Compensation	$ 1,044,000	$ 1,655,000
Income taxes	0	180,000
Property taxes	193,000	541,000
Interest	266,000	263,000
Deferred rental income and deposits	869,000	892,000
Lease expense	93,000	827,000
Lemon supplier payables	66,000	788,000
Capital expenditures and other	882,000	718,000
Accrued Liabilities, Current	$ 3,413,000	$ 5,864,000

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Debt Instrument [Line Items]
Deferred Finance Costs, Gross	$ 144,000	$ 156,000
Long-term Debt, Total	99,081,000	89,668,000
Less current portion	1,877,000	589,000
Total long-term debt, less current portion	97,204,000	89,079,000
Rabobank Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt, Total	83,382,000	83,834,000
Farm Credit West Term Loan One [Member]
Debt Instrument [Line Items]
Long-term Debt, Total	4,102,000	4,235,000
Farm Credit West Nonrevolving Line of Credit [Member]
Debt Instrument [Line Items]
Long-term Debt, Total	492,000	492,000
Farm Credit West Term Loan Three [Member]
Debt Instrument [Line Items]
Long-term Debt, Total	1,249,000	1,263,000
Wells Fargo Term Loan [Member]
Debt Instrument [Line Items]
Long-term Debt, Total	10,000,000	0
Subtotal [Member]
Debt Instrument [Line Items]
Long-term Debt, Total	$ 99,225,000	$ 89,824,000

Long-Term Debt (Parenthetical)

Long-Term Debt (Parenthetical) (Details)	3 Months Ended
	Jan. 31, 2016
Rabobank Revolving Credit Facility [Member]
LIBOR rate	0.42%
Debt Instrument, Basis Spread on Variable Rate	1.80%
Debt Instrument, Maturity Date	Jun. 30, 2018
Farm Credit West Term Loan One [Member]
Debt Instrument, Maturity Date	Nov. 30, 2022
Debt Instrument, Interest Rate, Stated Percentage	2.95%
Farm Credit West Nonrevolving Line of Credit [Member]
Debt Instrument, Maturity Date	May 31, 2018
Debt Instrument, Interest Rate, Stated Percentage	2.95%
Farm Credit West Term Loan Three [Member]
Debt Instrument, Maturity Date	Oct. 31, 2035
Debt Instrument, Interest Rate, Stated Percentage	2.95%
Wells Fargo Term Loan [Member]
Debt Instrument, Maturity Date	Jan. 31, 2023
Debt Instrument, Interest Rate, Stated Percentage	3.58%

Long-Term Debt (Details Textual

Long-Term Debt (Details Textual)	3 Months Ended
	Jan. 31, 2016USD ($)	Jan. 31, 2015USD ($)
Debt Instrument [Line Items]
Interest Costs Capitalized	$ 507,000	$ 609,000
Debt Instrument, Face Amount	$ 10,000,000
Debt Instrument, Interest Rate, Effective Percentage	3.58%
Prepayment Penalty Of Unpaid Balance	2.00%
Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Convertible, Conversion Ratio	1.25
Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Convertible, Conversion Ratio	1
Rabobank Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 100,000,000
Line of Credit Facility, Collateral Fees, Amount	$ 92,556,000

Derivative Instruments and He57

Derivative Instruments and Hedging Activities (Details) - Forward Interest Rate Swaps [Member] - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 40,000,000	$ 40,000,000
Derivative Liability, Fair Value, Amount Not Offset Against Collateral, Total	$ 1,700,000	$ 1,702,000

Derivative Instruments and He58

Derivative Instruments and Hedging Activities (Parenthetical) (Details)	3 Months Ended
	Jan. 31, 2016
Maximum [Member]
Debt Instrument [Line Items]
Derivative Maturity Month And Year	2018-06
Minimum [Member]
Debt Instrument [Line Items]
Derivative Maturity Month And Year	2013-07

Derivative Instruments and He59

Derivative Instruments and Hedging Activities (Details Textual) - Forward Interest Rate Swaps [Member] - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Derivative [Line Items]
Derivative, Fixed Interest Rate	4.30%	4.30%
Derivative Liability, Notional Amount	$ 40,000,000	$ 40,000,000

Related-Party Transactions (Det

Related-Party Transactions (Details Textual) - USD ($)	Feb. 05, 2015	Aug. 14, 2014	Jan. 31, 2016	Jan. 31, 2015	Oct. 31, 2015
Related Party Transaction [Line Items]
Rental Income			$ 0	$ 52,000
Revenue from Related Parties			0		$ 712,000
Other Nonoperating Income (Expense), Total			360,000	241,000
Income (Loss) from Equity Method Investments			114,000	85,000
Payments to Acquire Equity Method Investments			0	9,000
Employee [Member]
Related Party Transaction [Line Items]
Rental Income			151,000	156,000
Mutual Water Companies [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party			653,000	586,000
Due to Related Parties			292,000		175,000
Cooperative Association [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party			456,000	342,000
Due to Related Parties			22,000		142,000
Board Of Directors [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party			55,000	56,000
Due to Related Parties			0		531,000
Calavo Growers, Inc. [Member]
Related Party Transaction [Line Items]
Rental Income			68,000	68,000
Investment Income, Dividend			288,000	375,000
Calavo Growers, Inc. [Member] | Avocado [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties			$ 2,000	6,000
Cadiz [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party	$ 1,212,000
Additional Lease Expense Gross Harvest Revenue Percentage			20.00%
Lessor Leasing Arrangements, Operating Leases, Term of Contract			20 years
Operating Leases, Rent Expense, Net, Total			$ 44,000	9,000
Cadiz [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Lease Expense Per Acre			200
Cadiz [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Lease Expense Per Acre			1,200
Colorado River Growers [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties			229,000	305,000
Due from Related Parties			6,000		116,000
Payments for Advance to Affiliate			2,584,000	4,071,000
Yuma Mesa Irrigation And Drainage District [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party			17,000	15,000
Revenue from Related Parties			50,000	50,000
Due from Related Parties			17,000		0
Lease Expense Per Acre			750
Other Nonoperating Income (Expense), Total			0	160,000
Rosales [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties					0
Equity Method Investment, Ownership Percentage		35.00%
Income (Loss) from Equity Method Investments			10,000	46,000
Amortization of Intangible Assets			52,000	52,000
Payments to Acquire Equity Method Investments		$ 1,750,000
Rosales [Member] | Lemons [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties			0	119,000
Limco Del Mar Limited [Member]
Related Party Transaction [Line Items]
Distributions From Equity Investments			0	313,000
Income (Loss) from Equity Method Investments			$ 175,000	183,000
Limco Del Mar Limited [Member] | General Partner [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage			1.30%
Limco Del Mar Limited [Member] | Limited Partner [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage			22.10%
Limco Del Mar Limited [Member] | Management, Development, and Accounting Services [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties			$ 31,000	$ 39,000
Law Firm [Member]
Related Party Transaction [Line Items]
Due to Related Parties			$ 90,000		$ 32,000

Income Taxes (Details Textual)

Income Taxes (Details Textual)	3 Months Ended
	Jan. 31, 2016
Effective Income Tax Rate Reconciliation, Percent, Total	35.70%

Retirement Plans (Details)

Retirement Plans (Details) - Pension Plan [Member] - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Administrative expenses	$ 31,000	$ 34,000
Interest cost	209,000	213,000
Expected return on plan assets	(269,000)	(282,000)
Recognized actuarial loss	186,000	246,000
Net periodic benefit cost	$ 157,000	$ 211,000

Retirement Plans (Details Textu

Retirement Plans (Details Textual) - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension Contributions	$ 0	$ 125,000

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Other Long-Term Liabilities [Line Items]
Minimum pension liability	$ 4,329,000	$ 4,359,000
Fair value of derivative instrument	971,000	935,000
Contingent consideration	300,000	300,000
Deposit received for joint venture interest	0	2,000,000
Deferred gain and other	49,000	47,000
Other long-term liabilities	$ 5,649,000	$ 7,641,000

Stock-based Compensation (Detai

Stock-based Compensation (Details) - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 120,000	$ 244,000
2012 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Shares granted	34,721
Share-based compensation expense	$ 0	33,000
2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Shares granted	27,091
Share-based compensation expense	$ 0	59,000
2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Shares granted	42,085
Share-based compensation expense	$ 88,000	88,000
2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Shares granted	27,424
Share-based compensation expense	$ 32,000	$ 64,000

Stock-based Compensation (Det66

Stock-based Compensation (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Oct. 31, 2015	Oct. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 120,000	$ 244,000
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Paid for Tax Withholding for Share Based Compensation	12,433	10,907
Adjustments Related to Tax Withholding for Share-based Compensation	$ 190,000	$ 275,000
Stock Compensation Plan [Member] | Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross			27,424	42,085	27,091
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount			$ 410,000	$ 1,071,000	$ 727,000
Allocated Share-based Compensation Expense			$ 130,000	$ 367,000	$ 253,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			2 years	2 years	2 years
Stock Issued During Period Per Share Based Compensation Gross			$ 15.29	$ 25.35	$ 26.82
Stock Compensation Plan [Member] | Nonemployee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross	21,905	15,077
Allocated Share-based Compensation Expense	$ 273,000	$ 325,000

Segment Information (Details)

Segment Information (Details) - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Segment Reporting Information [Line Items]
Revenues	$ 24,987,000	$ 28,011,000
Depreciation and amortization	1,128,000	989,000
Operating income loss	(6,334,000)	(2,517,000)
Selling, general and administrative expenses;	(3,464,000)	(3,667,000)
Lemon operations [Member]
Segment Reporting Information [Line Items]
Revenues	21,865,000	24,698,000
Costs and expenses	21,631,000	22,083,000
Operating income loss	234,000	2,615,000
Other agribusiness [Member]
Segment Reporting Information [Line Items]
Revenues	1,702,000	2,185,000
Costs and expenses	2,954,000	2,940,000
Operating income loss	(1,252,000)	(755,000)
Rental Operations [Member]
Segment Reporting Information [Line Items]
Revenues	1,408,000	1,118,000
Costs and expenses	778,000	668,000
Depreciation and amortization	171,000	137,000
Operating income loss	459,000	313,000
Real Estate Development [Member]
Segment Reporting Information [Line Items]
Revenues	12,000	10,000
Costs and expenses	1,421,000	233,000
Depreciation and amortization	15,000	9,000
Operating income loss	(1,424,000)	(232,000)
Lemon and other agribusiness [Member]
Segment Reporting Information [Line Items]
Operating income loss	(1,905,000)	1,069,000
Lemon and other agribusiness depreciation and amortization	$ 887,000	$ 791,000

Segment Information (Details 1)

Segment Information (Details 1) - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	$ 23,567,000	$ 26,883,000
Rental operations revenues	1,408,000	1,118,000
Real estate development revenues	12,000	10,000
Total revenues	24,987,000	28,011,000
Lemon operations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	21,865,000	24,698,000
Other agribusiness [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	1,702,000	2,185,000
Avocados [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	2,000	6,000
Navel and Valencia oranges [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	1,041,000	1,456,000
Specialty citrus and other crops [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	659,000	723,000
Leased Land [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	491,000	467,000
Organic recycling [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	51,000	20,000
Residential And Commercial Rentals [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	$ 866,000	$ 631,000

Subsequent Events (Details Text

Subsequent Events (Details Textual) - USD ($)	1 Months Ended
	Feb. 16, 2016	Jan. 31, 2016
Subsequent Event [Line Items]
Debt Instrument, Face Amount		$ 10,000,000
Debt Instrument, Interest Rate, Effective Percentage		3.58%
Subsequent Event [Member] | Term Loan A [Member]
Subsequent Event [Line Items]
Debt Instrument, Face Amount	$ 10,000,000
Debt Instrument, Maturity Date	Mar. 1, 2036
Debt Instrument, Interest Rate, Effective Percentage	4.70%
Subsequent Event [Member] | Term Loan B [Member]
Subsequent Event [Line Items]
Debt Instrument, Face Amount	$ 7,500,000
Debt Instrument, Maturity Date	Mar. 1, 2021
Debt Instrument, Interest Rate, Effective Percentage	3.62%