Limoneira (LMNR) 10-K 10 Jan 17 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2016	Dec. 31, 2016	Apr. 30, 2016
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Oct. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Registrant Name	Limoneira CO
Entity Central Index Key	1,342,423
Current Fiscal Year End Date	--10-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 210.8
Trading Symbol	LMNR
Entity Common Stock, Shares Outstanding		14,217,888

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Oct. 31, 2016	Oct. 31, 2015
Current assets:
Cash	$ 38,000	$ 39,000
Accounts receivable, net	9,298,000	7,420,000
Cultural costs	3,844,000	3,916,000
Prepaid expenses and other current assets	2,509,000	2,387,000
Income taxes receivable	2,810,000	0
Total current assets	18,499,000	13,762,000
Property, plant and equipment, net	177,096,000	128,951,000
Real estate development	77,136,000	96,067,000
Equity in investments	6,254,000	3,047,000
Investment in Calavo Growers, Inc.	17,745,000	18,508,000
Other assets	8,718,000	9,035,000
Total Assets	305,448,000	269,370,000
Current liabilities:
Accounts payable	5,555,000	6,611,000
Growers payable	8,577,000	5,841,000
Accrued liabilities	6,421,000	5,864,000
Fair value of derivative instrument	690,000	767,000
Current portion of long-term debt	2,508,000	589,000
Total current liabilities	23,751,000	19,672,000
Long-term liabilities:
Long-term debt, less current portion	88,164,000	89,079,000
Deferred income taxes	25,328,000	19,425,000
Other long-term liabilities	6,127,000	7,641,000
Sale-leaseback deferral	23,349,000	0
Total liabilities	166,719,000	135,817,000
Commitments and contingencies
Stockholders' equity:
Common Stock - $.01 par value (19,900,000 shares authorized: 14,178,226 and 14,135,080 shares issued and outstanding at October 31, 2016 and 2015, respectively)	142,000	141,000
Additional paid-in capital	91,841,000	90,759,000
Retained earnings	31,812,000	27,216,000
Accumulated other comprehensive income	2,703,000	3,156,000
Total stockholders' equity	126,498,000	121,272,000
Total Liabilities and Stockholders' Equity	305,448,000	269,370,000
Series B Convertible Preferred Stock [Member]
Long-term liabilities:
Convertible Preferred Stock	2,900,000	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	12 Months Ended
	Oct. 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	14,178,226	14,135,080
Common Stock, Shares, Outstanding	14,178,226	14,135,080
Series B Convertible 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	29,000	29,500
Preferred Stock, Shares Outstanding	29,000	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 ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Net revenues:
Agribusiness	$ 106,130,000	$ 95,124,000	$ 98,522,000
Rental operations	5,603,000	5,104,000	4,640,000
Real estate development	56,000	83,000	300,000
Total net revenues	111,789,000	100,311,000	103,462,000
Costs and expenses:
Agribusiness	83,604,000	77,186,000	74,325,000
Rental operations	3,617,000	3,440,000	3,073,000
Real estate development	2,061,000	1,330,000	1,400,000
Impairments of real estate development assets	0	0	435,000
Selling, general and administrative	13,319,000	13,772,000	14,336,000
Total cost and expenses	102,601,000	95,728,000	93,569,000
Operating income	9,188,000	4,583,000	9,893,000
Other income (expense):
Interest expense	(1,432,000)	(188,000)	0
Interest income	23,000	40,000	60,000
Equity in earnings of investments	634,000	243,000	263,000
Gain on sale of stock in Calavo Growers, Inc.	3,419,000	5,033,000	0
Gain on sale of conservation easement	995,000	0	0
Gain on sale of Wilson Ranch	0	935,000	0
Other income, net	498,000	410,000	348,000
Total other income	4,137,000	6,473,000	671,000
Income before income taxes	13,325,000	11,056,000	10,564,000
Income tax provision	(5,267,000)	(3,974,000)	(3,573,000)
Net income	8,058,000	7,082,000	6,991,000
Preferred dividends	(628,000)	(635,000)	(460,000)
Net income applicable to common stock	$ 7,430,000	$ 6,447,000	$ 6,531,000
Basic net income per common share	$ 0.52	$ 0.46	$ 0.46
Diluted net income per common share	0.52	0.46	0.46
Dividends per common share	$ 0.2	$ 0.18	$ 0.17
Weighted-average common shares outstanding-basic	14,168,000	14,119,000	14,055,000
Weighted-average common shares outstanding-diluted	14,168,000	14,119,000	14,055,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Net income	$ 8,058,000	$ 7,082,000	$ 6,991,000
Other comprehensive (loss) income, net of tax:
Minimum pension liability adjustments	(688,000)	654,000	(1,199,000)
Unrealized holding gains on security available for sale	1,619,000	273,000	5,790,000
Reclassification of unrealized gain on security sold	(1,719,000)	(2,932,000)	0
Unrealized gains from derivative instruments	335,000	50,000	265,000
Total other comprehensive (loss) income, net of tax	(453,000)	(1,955,000)	4,856,000
Comprehensive income	$ 7,605,000	$ 5,127,000	$ 11,847,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity and Temporary Equity - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Series B Preferred Stock [Member]	Series B-2 Preferred Stock [Member]
Balance, Stockholders' Equity at Oct. 31, 2013	$ 107,653,000	$ 140,000	$ 88,160,000	$ 19,098,000	$ 255,000
Balance, Temporary Equity at Oct. 31, 2013						$ 3,000,000	$ 0
Balance (in shares) at Oct. 31, 2013		14,016,011
Dividends - common	(2,321,000)	$ 0	0	(2,321,000)	0	0	0
Dividends - Series B	(262,000)	0	0	(262,000)	0	0	0
Dividends - Series B-2	(198,000)	0	0	(198,000)	0	0	31,000
Stock compensation	1,116,000	$ 0	1,116,000	0	0	0	0
Stock compensation (in shares)		40,678
Exchange of common stock	(176,000)	$ 0	(176,000)	0	0	0	0
Exchange of common stock (in shares)		(6,619)
Donation of common stock	100,000	$ 0	100,000	0	0	0	0
Donation of common stock (in shares)		4,552
Issuance of common stock	518,000	$ 0	518,000	0	0	0	0
Issuance of common stock (in shares)		23,455
Issuance of Series B-2 preferred stock	0	$ 0	0	0	0	0	9,300,000
Conversion of Series B preferred stock	0
Tax benefit (provision) of stock grant vesting	52,000	0	52,000	0	0	0	0
Net income	6,991,000	0	0	6,991,000	0	0	0
Other comprehensive income (loss), net of tax	4,856,000	0	0	0	4,856,000	0	0
Balance, Stockholders' Equity at Oct. 31, 2014	118,329,000	$ 140,000	89,770,000	23,308,000	5,111,000
Balance, Temporary Equity at Oct. 31, 2014						3,000,000	9,331,000
Balance (in shares) at Oct. 31, 2014		14,078,077
Dividends - common	(2,539,000)	$ 0	0	(2,539,000)	0	0	0
Dividends - Series B	(263,000)	0	0	(263,000)	0	0	0
Dividends - Series B-2	(372,000)	0	0	(372,000)	0	0	0
Stock compensation	1,077,000	$ 1,000	1,076,000	0	0	0	0
Stock compensation (in shares)		57,162
Exchange of common stock	(275,000)	$ 0	(275,000)	0	0	0	0
Exchange of common stock (in shares)		(10,907)
Donation of common stock	100,000	$ 0	100,000	0	0	0	0
Donation of common stock (in shares)		4,498
Conversion of Series B preferred stock	50,000	$ 0	50,000	0	0	(50,000)	0
Conversion of Series B preferred stock (in shares)		6,250
Tax benefit (provision) of stock grant vesting	38,000	$ 0	38,000	0	0	0	0
Net income	7,082,000	0	0	7,082,000	0
Other comprehensive income (loss), net of tax	(1,955,000)	0	0	0	(1,955,000)
Balance, Stockholders' Equity at Oct. 31, 2015	121,272,000	$ 141,000	90,759,000	27,216,000	3,156,000
Balance, Temporary Equity at Oct. 31, 2015						2,950,000	9,331,000
Balance (in shares) at Oct. 31, 2015		14,135,080
Dividends - common	(2,834,000)	$ 0	0	(2,834,000)	0	0	0
Dividends - Series B	(256,000)	0	0	(256,000)	0	0	0
Dividends - Series B-2	(372,000)	0	0	(372,000)	0	0	0
Stock compensation	1,309,000	$ 1,000	1,308,000	0	0	0	0
Stock compensation (in shares)		49,329
Exchange of common stock	(190,000)	$ 0	(190,000)	0	0	0	0
Exchange of common stock (in shares)		(12,433)
Conversion of Series B preferred stock	50,000	$ 0	50,000	0	0	(50,000)	0
Conversion of Series B preferred stock (in shares)		6,250
Tax provision of stock grant vesting	(86,000)	$ 0	(86,000)	0	0	0	0
Net income	8,058,000	0	0	8,058,000	0	0	0
Other comprehensive income (loss), net of tax	(453,000)	0	0	0	(453,000)	0	0
Balance, Stockholders' Equity at Oct. 31, 2016	$ 126,498,000	$ 142,000	$ 91,841,000	$ 31,812,000	$ 2,703,000
Balance, Temporary Equity at Oct. 31, 2016						$ 2,900,000	$ 9,331,000
Balance (in shares) at Oct. 31, 2016		14,178,226

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Operating activities
Net income	$ 8,058,000	$ 7,082,000	$ 6,991,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,339,000	4,184,000	3,516,000
Impairments of real estate development assets	0	0	435,000
Loss on disposals/sales of assets	125,000	365,000	505,000
Stock compensation expense	1,309,000	1,077,000	1,116,000
Equity in earnings of investments	(634,000)	(243,000)	(263,000)
Cash distributions from equity investments	642,000	843,000	183,000
Deferred income taxes	6,195,000	(350,000)	(129,000)
Amortization of deferred financing costs	49,000	47,000	44,000
Accrued interest on note receivable	(23,000)	(40,000)	(60,000)
Gain on sale of stock in Calavo Growers. Inc.	(3,419,000)	(5,033,000)	0
Gain on sale of conservation easement	(995,000)	0	0
Gain on sale of Wilson Ranch	0	(935,000)	0
Fair value adjustment of contingent consideration	(300,000)	0	0
Donation of common stock	0	100,000	100,000
Changes in operating assets and liabilities:
Account receivable, net	(1,880,000)	(184,000)	(810,000)
Cultural costs	72,000	(225,000)	433,000
Prepaid expenses and other current assets	78,000	224,000	(370,000)
Income taxes receivable	(2,810,000)	1,143,000	(1,143,000)
Other assets	312,000	(286,000)	344,000
Accounts payable and growers payable	808,000	(873,000)	4,125,000
Accrued liabilities	1,249,000	(1,678,000)	912,000
Other long-term liabilities	129,000	2,477,000	163,000
Net cash provided by operating activities	14,304,000	7,695,000	16,092,000
Investing activities
Capital expenditures	(16,252,000)	(31,254,000)	(25,866,000)
Proceeds from sale of LLC Interest	18,000,000	0	0
Agriculture property acquisitions	(15,098,000)	(3,389,000)	0
Net proceeds from sale of Wilson Ranch	0	2,712,000	0
Business combination	0	0	(700,000)
Net proceeds from sale of stock in Calavo Growers, Inc.	4,019,000	6,433,000	0
Net proceeds from sale of conservation easement	995,000	0	0
Equity investment contributions	(2,890,000)	(9,000)	(1,758,000)
Investments in mutual water companies and water rights	(296,000)	(300,000)	(299,000)
Net cash used in investing activities	(11,522,000)	(25,807,000)	(28,623,000)
Financing activities
Borrowings of long-term debt	157,423,000	120,484,000	117,765,000
Repayments of long-term debt	(156,403,000)	(99,014,000)	(111,543,000)
Dividends paid-common	(2,834,000)	(2,539,000)	(2,321,000)
Dividends paid-preferred	(628,000)	(635,000)	(430,000)
Exchange of common stock	(190,000)	(275,000)	(176,000)
Issuance of preferred stock	0	0	9,300,000
Payments of debt financing costs	(65,000)	0	(106,000)
Tax (provision) benefit of stock grant vesting	(86,000)	38,000	52,000
Net cash (used in) provided by financing activities	(2,783,000)	18,059,000	12,541,000
Net (decrease) increase in cash	(1,000)	(53,000)	10,000
Cash at beginning of year	39,000	92,000	82,000
Cash at end of year	38,000	39,000	92,000
Supplemental disclosures of cash flow information:
Cash paid during the year for interest (net of amounts capitalized)	1,405,000	55,000	(51,000)
Cash paid during the year for income taxes, net of refunds received	2,125,000	2,963,000	6,495,000
Non-cash investing and financing activities:
Unrealized holding gain on Calavo investment	(2,668,000)	(487,000)	(9,425,000)
Increase in real estate development and sale-leaseback deferral	3,349,000	0	0
Reclassification of real estate development to property plant and equipment	26,779,000	0	0
Settlement of lease obligation related to agriculture property acquisition	(739,000)	0	0
Capital expenditures accrued but not paid at year-end	594,000	1,270,000	1,134,000
Accrued equity investment contribution	325,000	0	0
Non-cash reduction of note receivable	0	1,535,000	0
Accrued interest on note receivable	23,000	40,000	60,000
Donation of common stock	0	100,000	100,000
Conversion of preferred stock to common stock	$ 50,000	$ 50,000	$ 0

Business

Business	12 Months Ended
	Oct. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations [Text Block]	1. Business Limoneira Company, a Delaware Company (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 the NASDAQ Global Select Market 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 and sold and distributed under Calavo brands to its customers.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Oct. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies The 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 consolidated financial statements represent the consolidated balance sheets, statements of operations, statements of comprehensive income, statements of stockholders’ equity and temporary equity and statements of cash flows of Limoneira Company and its wholly owned subsidiaries. The Company’s subsidiaries include: Limoneira Mercantile, LLC, Windfall Investors, LLC (“Windfall”), Templeton Santa Barbara, LLC, Associated Citrus Packers, Inc. (“Associated”), Limoneira Chile SpA, Limoneira EA 1 Land, LLC and Limoneira S.A. 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 The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company grants credit in the course of its operations to 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 other factors. At October 31, 2016 and 2015 the allowances totaled $ 357,000 390,000 208,000 The Company sells all of its avocado production to Calavo. Sales of avocados to Calavo were $ 10,767,000 7,132,000 7,374,000 Lemons procured from third-party growers were approximately 42 36 36 44 The Company maintains its cash in federally insured financial institutions. The account balances at these institutions periodically exceed Federal Deposit Insurance Corporation (“FDIC”) insurance coverage and, as a result, there is a concentration of risk related to amounts on deposit in excess of FDIC insurance coverage. The Company believes the risk is not significant. Growing costs, also referred to as cultural costs, consist of orchard maintenance costs such as cultivation, fertilization and soil amendments, pest control, pruning and irrigation. Harvest costs are comprised of labor and equipment expenses incurred to harvest and deliver crops to the packinghouses. Lemons, oranges, specialty citrus and other crops such as pistachio nuts and olives are grown in the Company’s San Joaquin Valley orchards. Additionally, lemons are grown in the Company’s Yuma County, Arizona orchards. These crops have distinct growing periods and distinct harvest and selling periods, each of which lasts approximately four to six months. During the growing period, cultural costs are capitalized as they are associated with benefiting and preparing the crops for the harvest and selling period. During the harvest and selling period, harvest costs and cultural costs are expensed when incurred and capitalized cultural costs are amortized as components of agribusiness costs and expenses. The Company grows lemons and avocados in its Ventura County orchards. Due to climate, growing conditions and the types of crops grown, the Ventura County orchards may be harvested and sold on a year round basis. Accordingly, the Company does not capitalize cultural costs associated with its Ventura County orchards and therefore such costs, as well as harvest costs associated with the Ventura County orchards, are expensed to operations when incurred as components of agribusiness costs and expenses. Most cultural costs, including amortization of capitalized cultural costs, and harvest costs are associated with and charged to specific crops. Certain other costs, such as property taxes, indirect labor including farm supervision and management and irrigation that benefit multiple crops are allocated to crops on a per acre basis. Deferred income tax assets and liabilities are computed annually for differences between the financial statement and income tax bases of assets and liabilities that will result in taxable or deductible amounts in the future. Such deferred income tax asset and liability computations are based on enacted tax laws and rates applicable to periods in which the differences are expected to affect taxable income. A valuation allowance is established, when necessary, to reduce deferred income tax assets to the amount expected to be realized. Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Property, plant and equipment is stated at original cost, net of accumulated depreciation. Land improvements 10 30 Buildings and building improvements 10 50 Equipment 5 20 Orchards 20 40 Costs of planting and developing orchards are capitalized until the orchards become commercially productive. Planting costs consist primarily of the costs to purchase and plant nursery stock. Orchard development costs consist primarily of maintenance costs of orchards such as cultivation, pruning, irrigation, labor, spraying and fertilization, and interest costs during the development period. The Company ceases the capitalization of costs and commences depreciation when the orchards become commercially productive and orchard maintenance costs are accounted for as cultural costs as described above. Interest is capitalized on real estate development projects and significant construction in progress using the weighted average interest rate during the fiscal year. Interest of $ 1,919,000 2,534,000 The Company capitalizes the planning, entitlement, construction, development costs and interest associated with its various real estate projects. Costs that are not capitalized, which include property maintenance and repairs, general and administrative and marketing expenses, are expensed as incurred. A real estate development project is considered substantially complete upon the cessation of construction and development activities. Once a project is substantially completed, future costs are expensed as incurred. The Company capitalized costs related to its real estate projects of $ 6,870,000 7,979,000 Investments in unconsolidated joint ventures in which the Company has significant influence but less than a controlling interest, or is not the primary beneficiary if the joint venture is determined to be a Variable Interest Entity (“VIE”), are accounted for under the equity method of accounting and, accordingly, are adjusted for capital contributions, distributions and the Company’s equity in net earnings or loss of the respective joint venture. The Company classifies its marketable securities as available-for-sale. The Company’s investments in marketable securities are stated at fair value with unrealized gains (losses), net of tax, reported as a component of accumulated other comprehensive income (loss) in the Company’s consolidated statements of comprehensive income. At October 31, 2016 and 2015, marketable securities are comprised of the Company’s investment in Calavo. The Company evaluates long-lived assets, including its definite-life intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the estimated undiscounted future cash flows from the use of an asset are less than the carrying value of that asset, a write-down is recorded to reduce the carrying value of the asset to its fair value. Assets held for sale are carried at the lower of cost or fair value less estimated cost to sell. Intangible assets consist primarily of acquired water and mineral rights, a patent and certain trade names and trademarks. Certain of the Company’s trade names and trademarks are being amortized on a straight line basis over their estimated lives of eight years. The Company evaluates its indefinite-life intangible assets annually or whenever events or changes in circumstances indicate an impairment of the assets’ value may exist. Goodwill is tested for impairment on an annual basis or when an event or changes in circumstances indicate that its carrying value may not be recoverable. Goodwill impairment is tested at the reporting unit level, which is defined as an operating segment or one level below the operating segment. Goodwill impairment is tested in a two-step process, with the first step performed to determine if there is potential for impairment by comparing the fair value of the reporting unit to its carrying value. If potential impairment is identified as indicated by the carrying value exceeding the fair value of the reporting unit, the second step is performed to measure the amount of impairment to be recognized in the financial statements by comparing the implied fair value of goodwill to its carrying value. If the carrying value of goodwill exceeds its implied fair value, an impairment loss is recognized for the excess amount. Goodwill impairment testing involves significant judgment and estimates. The annual assessment of goodwill impairment was performed as of July 31, 2016 with no impairment noted. The fair values of financial instruments are based on level-one indicators within the fair value hierarchy or quoted market prices, where available, or are estimated using the present value or other valuation techniques. Estimated fair values are significantly affected by the assumptions used. Accounts receivable, note receivable, accounts payable, growers payable and accrued liabilities reported on the Company’s consolidated balance sheets approximate their fair values due to the short-term nature of the instruments. Based on the borrowing rates currently available to the Company for bank loans with similar terms and maturities, the fair value of long-term debt is approximately equal to its carrying amount as of October 31, 2016 and 2015. The Company uses derivative financial instruments to manage its exposure to interest rates as well as to maintain an appropriate mix of fixed and floating-rate debt. Contract terms of a hedge instrument closely mirror those of the hedged item, providing a high degree of risk reduction and correlation. Contracts that are effective at meeting the risk reduction and correlation criteria are recorded using hedge accounting. If a derivative instrument is a hedge, depending on the nature of the hedge, changes in the fair value of the instrument will be either offset against the change in the fair value of the hedged assets, liabilities or firm commitments through earnings or be recognized in other comprehensive income until the hedged item is recognized in earnings. The ineffective portion of an instrument’s change in fair value will be immediately recognized in earnings. Instruments that do not meet the criteria for hedge accounting, or contracts for which the Company has not elected hedge accounting, are valued at fair value with unrealized gains or losses reported in earnings during the period of change. Comprehensive income (loss) represents all changes in a company’s net assets, except changes resulting from transactions with shareholders, and is reported as a component of the Company’s stockholders’ equity. Revenue and related costs are recognized when (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred, (iii) selling price is fixed or determinable and (iv) collectability is reasonably assured. The Company records a sales allowance in the period revenue is recognized as a provision for estimated customer discounts and concessions. Agribusiness revenue - 263,000 114,000 115,000 The Company’s avocados, oranges, specialty citrus and other specialty crops are packed and sold by Calavo and other third-party packinghouses. The Company delivers all of its avocado production from its orchards to Calavo. These avocados are then packed by Calavo at its packinghouse, and sold and distributed under Calavo brands to its customers primarily in the United States and Canada. The Company’s arrangements with other third-party packinghouses related to its oranges, specialty citrus and other specialty crops are similar to its arrangement with Calavo. The Company’s arrangements with its third-party packinghouses are such that the Company is the producer and supplier of the product and the third-party packinghouses are the Company’s customers. The revenues the Company recognizes related to the fruits sold to the third-party packinghouses are based on the volume and quality of the fruits delivered, the market price for such fruit, less the packinghouses’ charges to pack and market the fruit. Such packinghouse charges include the grading, sizing, packing, cooling, ripening and marketing of the related fruit. The Company bears inventory risk until product is delivered to the third-party packinghouses at which time title and inventory risk to the product is transferred to the third-party packinghouses and revenue is recognized. Such third-party packinghouse charges are recorded as a reduction of revenue based on the application of specific authoritative revenue recognition guidance entitled “Vendor’s Income Statement Characterization of Consideration Given to a Customer”. The identifiable benefit the Company receives from the third-party packinghouses for packaging and marketing services cannot be sufficiently separated from the third-party packinghouses’ purchase of the Company’s products. In addition, the Company is not able to reasonably estimate the fair value of the benefit received from the third-party packinghouses for such services and as such, these costs are characterized as a reduction of revenue in the Company’s consolidated statement of operations. Revenue from crop insurance proceeds is recorded when the amount of and the right to receive the payment can be reasonably determined. The Company recorded agribusiness revenues from crop insurance proceeds of $ 83,000 9,000 184,000 Rental operations revenue - Real estate development revenue - Real Estate Sales Incidental operations may occur during the holding or development period of real estate development projects to reduce holding or development costs. Incremental revenue from incidental operations in excess of incremental costs from incidental operations is accounted for as a reduction of development costs. Incremental costs from incidental operations in excess of incremental revenue from incidental operations are charged to operations. Advertising costs are expensed as incurred. Such costs in fiscal years 2016, 2015 and 2014 were $ 264,000 364,000 308,000 The Company records rent expense for its operating leases on a straight-line basis from the lease commencement date as defined in the lease agreement until the end of the base lease term. Basic net income per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of preferred stock. Diluted net income 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 anti-dilutive for fiscal years ended October 31, 2016, 2015 and 2014. 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. Certain reclassifications have been made to the prior years’ consolidated financial statements to conform to the October 31, 2016 presentation. The Company sponsors a defined benefit retirement plan that was frozen in June 2004, and no future benefits have been accrued to participants subsequent to that time. Ongoing accounting for this plan under FASB ASC 715, Compensation – Retirement Benefits, 4.1 3.6 1,290,000 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. On July 9, 2015, the FASB deferred the effective date of ASU 2014-09 for one year. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. ASU 2014-09 is effective for the Company in the first quarter of its fiscal year ending October 31, 2019. 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. In March 2016, the FASB issued ASU 2016-08 (ASU 2016-08), Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10 (ASU 2016-10), Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services. In May 2016, the FASB issued, ASU 2016-12 (ASU 2016-12) FASB Accounting Standards Update No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. ASU 2016-12 provides clarifying guidance in certain narrow areas and adds some practical expedients. The two permitted transition methods under the new standard are the full retrospective method, in which case the standard would be applied to each prior reporting period presented and the cumulative effect of applying the standard would be recognized at the earliest period shown, or the modified retrospective method, in which case the cumulative effect of applying the standard would be recognized at the date of initial application. We currently anticipate adopting the standard using the modified retrospective method. 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 ASU 2014-15 is 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. This ASU is 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 does not expect this ASU to have a material impact on its consolidated financial statements. FASB Accounting Standards Update No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis ASU 2015-02 amends the consolidation guidance for variable interest entities and voting interest entities, among other items, by eliminating the consolidation model previously applied to limited partnerships, emphasizing the risk of loss when determining a controlling financial interest and reducing the frequency of the application of related-party guidance when determining a controlling financial interest. ASU 2015-02 is effective for periods beginning after December 15, 2015, for public companies. The adoption of ASU 2015-02 did not have a material impact on our 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 $ 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. The amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. 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. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. 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. FASB Accounting Standards Update No. 2016-09, Compensation —Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting The amendments are intended to improve the accounting for employee share-based payments and affect all organizations that issue share-based payment awards to their employees. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The amendments are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is evaluating the effect this ASU may have on its consolidated financial statements.

Acquisitions

Acquisitions	12 Months Ended
	Oct. 31, 2016
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	3. Acquisitions Agriculture Property Acquisitions In September 2015, the Company completed the acquisition of 157 acres of lemon, orange and specialty citrus orchards in California’s San Joaquin Valley for $ 3,389,000 1,000 In September 2015, the Company entered into a purchase agreement to acquire 757 acres of lemon, orange and specialty citrus orchards in California’s San Joaquin Valley, for $ 15,148,000 50,000 Business Combination Yuma Packinghouse On June 30, 2014, the Company acquired the packing house property, equipment and certain intangible assets of Marlin Packing Company from its sole shareholder, Marlin Ranching Company. Both companies are privately owned Arizona corporations located in Yuma, Arizona. No liabilities were assumed in the acquisition. The purchase price was $ 1,700,000 23,455 518,600 700,000 300,000 181,400 Fair Value Measurements and Disclosures Building $ 395,000 Land and improvements 260,000 Equipment 885,000 Customer relationships 160,000 Fair value of assets acquired $ 1,700,000 Customer relationships are subject to amortization over an estimated life of five years. Revenue and net loss of $ 136,000 522,000 300,000

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Oct. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	4. Fair Value Measurements Under the FASB ASC 820, Fair Value Measurements and Disclosures 2016 Level 1 Level 2 Level 3 Total Assets at fair value: Available- for -sale securities $ 17,745,000 $ – $ – $ 17,745,000 Liabilities at fair value: Derivative $ – $ 1,151,000 $ – $ 1,151,000 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. At October 31, 2016 and 2015, respectively, the Company owned 300,000 360,000 1.7 2.1 59.15 51.41 The derivative consists of an interest rate swap; the fair value 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.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Oct. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses And Other Current Assets [Text Block]	5. Prepaid Expenses and Other Current Assets 2016 2015 Prepaid insurance $ 633,000 $ 598,000 Prepaid supplies 879,000 1,064,000 Lemon supplier advances 41,000 35,000 Deposits 61,000 129,000 Deferred lease expense and other 895,000 561,000 $ 2,509,000 $ 2,387,000

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Oct. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	6. Property, Plant and Equipment 2016 2015 Land $ 76,418,000 $ 48,211,000 Land improvements 22,458,000 19,998,000 Buildings and building improvements 38,811,000 20,655,000 Equipment 45,775,000 28,624,000 Orchards 31,282,000 26,648,000 Construction in progress 17,558,000 35,428,000 232,302,000 179,564,000 Less accumulated depreciation (55,206,000) (50,613,000) $ 177,096,000 $ 128,951,000 Depreciation expense was $ 5,243,000 4,086,000 3,448,000 Windfall is an approximately 700-acre former thoroughbred breeding farm and equestrian facility located in Creston, California, near Paso Robles, California. During fiscal years 2014 and 2015, the Company planted approximately 200 acres of vineyards and plans to plant an additional 100 acres in fiscal year 2017. Vineyards are generally productive after four years. During the fourth quarter of fiscal year 2016, the vineyards produced their first harvest from the 2014 planting, generating approximately 200 tons of grapes and $ 336,000 1,500 26,779,000 16,161,000 4,746,000 2,273,000 3,599,000

Real Estate Development

Real Estate Development	12 Months Ended
	Oct. 31, 2016
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	7. Real Estate Development 2016 2015 East Areas I and II $ 66,097,000 $ 59,227,000 Templeton Santa Barbara, LLC 11,039,000 11,039,000 Windfall Investors, LLC - 25,801,000 $ 77,136,000 $ 96,067,000 East Areas I and II 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 6,870,000 4,211,000 1,161,000 21,000 17,000 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 1 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 1 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 3,349,000 In connection with the LLC Agreement, the Company is to be reimbursed $ 500,000 250,000 12,000 The Company determined the Joint Venture to be a Variable Interest Entity (“VIE”) under ASC 810, Consolidation, 2,275,000 1,150,000 In connection with facilitating the annexation of the East Area 1 property into the City of Santa Paula, during February 2013, 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 (“Templeton Project”) are described as Centennial Square (“Centennial”), The Terraces at Pacific Crest (“Pacific Crest”) and Sevilla. The carrying values of Centennial, Pacific Crest and Sevilla at October 31, 2016 were $ 2,983,000 3,370,000 4,686,000 During fiscal years 2016 and 2015, the Company capitalized zero costs related to these real estate development projects. Additionally, in relation to these projects, the Company incurred expenses of $ 174,000 167,000 129,000 On August 25, 2014, the Company entered into a non-binding letter of intent to sell Centennial for $ 3,100,000 435,000 Windfall Investors, LLC In October 2016, the Company re-purposed Windfall Farms from a real estate development project to an agricultural ranch and reclassified $ 26,779,000

Equity Investments

Equity Investments	12 Months Ended
	Oct. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	8. Equity Investments Limco Del Mar, Ltd. The Company has a 1.3 26.8 14,468 940,000 22.1 615,000 325,000 The Company provides Del Mar with farm management, orchard land development and accounting services and received expense reimbursements of $ 146,000 150,000 141,000 637,000 568,000 675,000 791,000 712,000 Romney Property Partnership In May 2007, the Company and an individual formed the Romney Property Partnership (“Romney”) for the purpose of owning and leasing an office building and adjacent lot in Santa Paula, California. The Company paid $ 489,000 75 9,000 8,000 Limoneira Chile SpA On August 14, 2014, through its wholly owned subsidiary, Limoneira Chile SpA, the Company invested $ 1,750,000 35 50 40 52 Rosales’ functional currency is the Chilean Peso. The following financial information has been translated to U.S. dollars. In addition, as a result of the Company’s acquisition of its equity interest, basis differences were identified between the historical cost of the net assets of Rosales and the proportionate fair value of the net assets acquired. Such basis differences aggregated $ 1,683,000 343,000 1,340,000 208,000 208,000 43,000 206,000 55,000 Limoneira Lewis Community Builders (“LLC”) As described in Note 7, on November 10, 2015, the Company entered into a joint venture with The Lewis Group of Companies for the residential development of its East Area 1 real estate development project. Del Mar Romney Rosales LLC Total 2016 Assets $ 1,244,000 $ 690,000 $ 4,300,000 $ 47,332,000 $ 53,566,000 Liabilities $ – $ – $ 2,719,000 $ 36,000 $ 2,755,000 Equity 1,244,000 690,000 1,581,000 47,296,000 50,811,000 Total liabilities and equity $ 1,244,000 $ 690,000 $ 4,300,000 $ 47,332,000 $ 53,566,000 Revenues $ 3,452,000 $ 11,000 $ 7,639,000 $ – $ 11,102,000 Expenses 910,000 24,000 6,979,000 1,000 7,914,000 Net income (loss) $ 2,542,000 $ (13,000) $ 660,000 $ (1,000) $ 3,188,000 2015 Assets $ 1,204,000 $ 652,000 $ 2,103,000 $ – $ 3,959,000 Liabilities $ – $ – $ 1,113,000 $ – $ 1,113,000 Equity 1,204,000 652,000 990,000 – 2,846,000 Total liabilities and equity $ 1,204,000 $ 652,000 $ 2,103,000 $ – $ 3,959,000 Revenues $ 2,817,000 $ 13,000 $ 4,864,000 $ – $ 7,694,000 Expenses 876,000 17,000 4,838,000 5,731,000 Net income (loss) $ 1,941,000 $ (4,000) $ 26,000 $ – $ 1,963,000 2014 Assets $ 2,623,000 $ 707,000 $ 3,722,000 $ – $ 7,052,000 Liabilities $ – $ – $ 2,471,000 $ – $ 2,471,000 Equity 2,623,000 707,000 1,251,000 – 4,581,000 Total liabilities and equity $ 2,623,000 $ 707,000 $ 3,722,000 $ – $ 7,052,000 Revenues $ 2,003,000 $ 6,000 $ 2,175,000 $ – $ 4,184,000 Expenses 910,000 16,000 2,009,000 – 2,935,000 Net income (loss) $ 1,093,000 $ (10,000) $ 166,000 $ – $ 1,249,000 Del Mar Romney Rosales LLC Total Investment balance October 31, 2013 $ 1,265,000 $ 535,000 $ – $ – $ 1,800,000 Equity earnings (losses) 256,000 (8,000) 15,000 – 263,000 Cash distributions (183,000) – – – (183,000) Investment contributions – 8,000 1,750,000 – 1,758,000 Investment balance October 31, 2014 1,338,000 535,000 1,765,000 – 3,638,000 Equity earnings (losses) 455,000 (13,000) (199,000) – 243,000 Cash distributions (789,000) – (54,000) – (843,000) Investment contributions – 9,000 – – 9,000 Investment balance October 31, 2015 1,004,000 531,000 1,512,000 – 3,047,000 Equity earnings (losses) 603,000 (9,000) 40,000 – 634,000 Cash distributions (586,000) – (56,000) – (642,000) Investment contributions 940,000 – – 2,275,000 3,215,000 Investment balance October 31, 2016 $ 1,961,000 $ 522,000 $ 1,496,000 $ 2,275,000 $ 6,254,000

Investment in Calavo Growers, I

Investment in Calavo Growers, Inc.	12 Months Ended
	Oct. 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 13,450,000 335,000 6,079,000 2,729,000 165,000 4,788,000 3,138,000 In October 2015, the Company sold 140,000 46.00 6,433,000 5,033,000 60,000 4,019,000 3,419,000 300,000 Additionally, changes in the fair value of the available-for-sale securities result in unrealized holding gains or losses on shares held by the Company and reclassifications of unrealized gains on securities sold by the Company. In fiscal year 2016, the Company recorded unrealized holding gains of $ 2,668,000 1,619,000 2,830,000 1,719,000 487,000 273,000 4,850,000 2,932,000 9,425,000 5,790,000

Other Assets

Other Assets	12 Months Ended
	Oct. 31, 2016
Other Assets [Abstract]
Other Assets Disclosure [Text Block]	10. Other Assets Other assets consist of the following at October 31: 2016 2015 Investments in mutual water companies $ 4,327,000 $ 4,031,000 Acquired water and mineral rights 1,536,000 1,536,000 Deferred lease assets and other 930,000 1,404,000 Note receivable 612,000 589,000 Revolving funds and memberships 292,000 349,000 Acquired trade names and trademarks 341,000 446,000 Goodwill 680,000 680,000 $ 8,718,000 $ 9,035,000 Investments in Mutual Water Companies The Company’s investments in various not-for-profit mutual water companies provide the Company with the right to receive a proportionate share of water from each of the not-for-profit mutual water companies that have been invested in and do not constitute voting shares and/or rights. Acquired Water and Mineral Rights Acquired water and mineral rights are indefinite-life intangible assets not subject to amortization. Deferred Lease Assets and Other Deferred lease assets and other as of October 31, 2016 and 2015 includes $373,000 and $586,000 of deferred rent assets, respectively, and $79,000 of prepaid lease amounts on pollination equipment. In addition, deferred lease assets and other as of October 31, 2016 and 2015 includes a patent for an agricultural variety with a carrying value of $97,000 and $110,000, respectively, net of accumulated amortization of $125,000 and $112,000, respectively. Amortization expense associated with the patent was $13,000 for each of the fiscal years 2016, 2015 and 2014. The Company will amortize $13,000 each year for fiscal years 2017 through 2021 related to its patent. Note Receivable In fiscal year 2004, the Company sold a parcel of land in Morro Bay, California. The sale was recognized under the installment method and the resulting gain on the sale of $161,000 was deferred. In connection with the sale, the Company recorded a note receivable of $4,263,000. Principal of $2,963,000 and interest was paid in April 2005 and $112,000 of the deferred gain was recognized as income at that time. The remaining deferred gain is included in other long-term liabilities in the Company’s consolidated balance sheets. The remaining principal balance of $1,300,000 and the related accrued interest was initially payable in April 2009; however, the Company and the buyer of the Morro Bay land executed a note extension agreement in March 2009. Based on the terms of the note extension agreement, the remaining principal balance of $1,300,000 and the related accrued interest was to be paid in full on April 1, 2014. During July 2011, the Company and the buyer agreed to extend the due date for the note from April 1, 2014 to April 1, 2020 and to convert the interest rate from a fixed rate of 7.0% to a floating rate of LIBOR plus 3.5% with a floor of 6.0%. On April 1, 2014 the rate converted to a floating rate of LIBOR plus 3.5% with no floor. The note is subordinate to bank financing and provides for repayment that is based on a percentage of net operating cash flows of the underlying avocado orchard as defined in the note, ranging from 35% through 2014 and 50% until fully repaid or any unpaid balance due and payable on the due date. In fiscal year 2015, the holder of the note completed the drilling of three water wells at the Company’s Windfall Investors, LLC real estate development property and two water wells at the Sheldon Ranches, which are leased by the Company. The fair value of the well drilling services was $1,535,000 and the Company recorded a non-cash reduction of the note receivable comprised of $824,000 in accrued interest and $711,000 of principal. Additionally, the Company recognized $27,000 of deferred gain in fiscal year 2015. Total principal and interest due was $612,000 and $589,000 at October 31, 2016 and 2015, respectively. Interest continues to accrue on the principal balance of the note and was $23,000, $40,000 and $60,000 in fiscal years 2016, 2015 and 2014, respectively. Revolving Funds and Memberships Revolving funds and memberships represent the Company’s investments in various cooperative associations. Acquired Trade Names, Trademarks and Goodwill The Company acquired $486,000 of trade names and trademarks and $680,000 of goodwill in its acquisition of Associated in September 2013. Tradenames and trademarks are being amortized over eight years and the Company will amortize $60,000 each year for fiscal years 2017 through 2021. Additionally, the Company acquired $160,000 of customer relationships with the acquisition of the Yuma packinghouse in June 2014. Customer relationships are being amortized over five years and the Company will amortize $24,000 each year for fiscal years 2017 and 2018. Accumulated amortization for tradenames, trademarks and customer relationships was $304,000 and $201,000 as of October 31, 2016 and 2015, respectively. Amortization expense for tradenames, trademarks and customer relationships was $83,000, $85,000 and $55,000 in fiscal years 2016, 2015 and 2014, respectively. Additionally, we recognized a fair value adjustment to customer relationships and recorded a $20,000 increase in agribusiness costs and expenses in fiscal year 2016.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Oct. 31, 2016
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	11. Accrued Liabilities 2016 2015 Compensation $ 2,362,000 $ 1,655,000 Income taxes - 180,000 Property taxes 520,000 541,000 Interest 277,000 263,000 Deferred rental income and deposits 633,000 892,000 Lease expense 296,000 827,000 Lemon supplier payables 1,242,000 788,000 Capital expenditures and other 1,091,000 718,000 $ 6,421,000 $ 5,864,000

Long-Term Debt

Long-Term Debt	12 Months Ended
	Oct. 31, 2016
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	12. Long-Term Debt 2016 2015 Rabobank revolving credit facility: the interest rate is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 0.52% at October 31, 2016, plus 1.80%. Interest is payable monthly and the principal is due in full in June 2018. $ 59,606,000 $ 83,834,000 Farm Credit West term loan: the interest rate is variable and was 2.95% at October 31, 2016. The loan is payable in quarterly installments through November 2022. 3,701,000 4,235,000 Farm Credit West non-revolving line of credit: the loan was repaid in February 2016 with proceeds from the Farm Credit West term loans as noted below. - 492,000 Farm Credit West term loan: the interest rate is variable and was 2.95% at October 31, 2016. The loan is payable in monthly installments through October 2035. 1,213,000 1,263,000 Farm Credit West term loan: the interest rate is fixed at 4.70%. The loan is payable in monthly installments though March 2036. 9,822,000 - Farm Credit West term loan: the interest rate is fixed at 3.62% until March 2021, becoming variable for the remainder of the loan. The loan is payable in monthly installments though March 2036. 7,349,000 - Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 9,152,000 - Subtotal 90,843,000 89,824,000 Less deferred financing costs 171,000 156,000 Total long-term debt, net 90,672,000 89,668,000 Less current portion 2,508,000 589,000 Long-term debt, less current portion $ 88,164,000 $ 89,079,000 The Rabobank and Farm Credit West loans are secured by certain of the Company’s agricultural properties and a portion of the equity interest in the Company’s investments in certain mutual water companies. On March 31, 2014, the Company entered into a Third Amendment to the Amended and Restated Line of Credit Agreement dated December 15, 2008 in order to, among other things, release Rabobank’s security interest in Teague McKevett Ranch, which is also known as East Area I real estate development project, in Ventura County, California, and grant Rabobank a security interest in certain of the Company’s agricultural properties located in Ventura and Tulare Counties. The line of credit provides for maximum borrowings of $ 100,000,000 92,556,000 106,000 21,000 On January 20, 2016, the Company entered into a $ 10,000,000 1.25 1.0 2 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 7,500,000 44,000 Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $ 1,919,000 2,534,000 The Company incurs certain loan fees and costs associated with its new or amended credit arrangements. Such costs are capitalized as deferred financing costs and amortized as interest expense using the straight-line method over the terms of the credit agreements. The balance of deferred financing costs is $ 171,000 Principal payments on the Company’s long-term debt are due as follows: 2017 $ 2,508,000 2018 62,203,000 2019 2,691,000 2020 2,787,000 2021 2,888,000 Thereafter 17,766,000 $ 90,843,000

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	12 Months Ended
	Oct. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	13. Derivative Instruments and Hedging Activities Notional Amount Fair Value Liability 2016 2015 2016 2015 Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018 $ 40,000,000 $ 40,000,000 $ 1,151,000 $ 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

Earnings per Share

Earnings per Share	12 Months Ended
	Oct. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	14. Earnings Per Share Basic net income per common share is calculated using the weighted-average number of common shares outstanding during the period. Diluted net income per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of conversion of preferred stock. The Series B and Series B-2 convertible preferred shares were anti-dilutive for fiscal years ended October 31, 2016, 2015 and 2014. Year ended October 31, 2016 2015 2014 Basic net income per common share: Numerator: Net income applicable to common stock $ 7,430,000 $ 6,447,000 $ 6,531,000 Denominator: Weighted average common shares-basic 14,168,000 14,119,000 14,055,000 Basic net income per common share $ 0.52 $ 0.46 $ 0.46 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	12 Months Ended
	Oct. 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 $ 749,000 622,000 561,000 at October 31, 2016 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 such mutual water companies, in aggregate, of $ 1,287,000 1,357,000 1,232,000 131,000 175,000 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 $ 1,659,000 1,567,000 1,425,000 87,000 142,000 The Company recorded dividend income of $ 288,000 375,000 350,000 10,767,000 7,132,000 7,374,000 67,000 279,000 272,000 277,000 517,000 162,000 658,000 Certain members of the Company’s board of directors market lemons through the Company pursuant to its customary marketing agreements. During fiscal years 2016, 2015 and 2014 the aggregate amount of lemons procured from entities owned or controlled by members of the board of directors was $ 2,246,000 1,472,000 1,583,000 877,000 531,000 31 135,000 23,000 123,000 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 92,000 58,000 15,000 30,000 148,000 82,000 6,000 42,000 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 9,300 25,000 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 $ 4,492,000 6,003,000 6,805,000 282,000 218,000 345,000 181,000 116,000 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 $ 750 201,000 210,000 160,000 160,000 184,000 132,000 125,000 119,000

Income Taxes

Income Taxes	12 Months Ended
	Oct. 31, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	16. Income Taxes 2016 2015 2014 Current: Federal $ 1,736,000 $ (3,315,000) $ (2,820,000) State (749,000) (1,007,000) (882,000) Foreign (59,000) (2,000) - Total current benefit (provision) 928,000 (4,324,000) (3,702,000) Deferred: Federal (5,942,000) 343,000 80,000 State (253,000) 7,000 49,000 Total deferred (provision) benefit (6,195,000) 350,000 129,000 Total provision $ (5,267,000) $ (3,974,000) $ (3,573,000) The income tax provision differs from the amount which would result from the statutory federal income tax rate primarily as a result of dividend exclusions, the domestic production activities deduction and state income taxes. Deferred income taxes reflect the net of temporary differences between the carrying amount of the assets and liabilities for financial reporting and income tax purposes. 2016 2015 Deferred income tax assets: Labor accruals $ 246,000 $ 246,000 State income taxes 293,000 337,000 Net operating losses 1,000 18,000 Prepaid insurance and other 69,000 38,000 Impairments of real estate development assets 3,147,000 3,152,000 Derivative instruments 452,000 669,000 Minimum pension liability adjustment 2,207,000 1,715,000 Amortization 462,000 683,000 Total deferred income tax assets 6,877,000 6,858,000 Deferred income tax liabilities: Property taxes (184,000) (205,000) Depreciation (11,644,000) (5,518,000) Unrealized net gain on Calavo investment (5,792,000) (5,864,000) Book and tax basis difference of acquired assets (14,471,000) (14,482,000) Other (114,000) (214,000) Total deferred income tax liabilities (32,205,000) (26,283,000) Net deferred income tax liabilities $ (25,328,000) $ (19,425,000) At October 31, 2016, the Company had state net operating loss carry-forwards of approximately $ 30,000 2016 2015 2014 Amount % Amount % Amount % Provision at statutory rates $ (4,530,000) (34.0) % $ (3,757,000) (34.0) % $ (3,587,000) (34.0) % State income tax, net of federal benefit (733,000) (5.5) % (614,000) (5.5) % (552,000) (5.2) % Dividend exclusion 72,000 0.5 % 94,000 0.8 % 83,000 0.8 % Production deduction 50,000 0.4 % 495,000 4.5 % 461,000 4.4 % Other permanent items (126,000) (0.9) % (192,000) (1.7) % 22,000 0.2 % Total income tax provision $ (5,267,000) (39.5) % $ (3,974,000) (35.9) % $ (3,573,000) (33.8) % The Company recognizes excess tax deductions associated with the vesting of stock grants directly to stockholders’ equity when realized. At October 31, 2016 and 2015, the Company had no unrecognized tax benefits. The Company reports accrued interest and penalties related to unrecognized tax benefits in income tax expense. The Company files income tax returns in the U.S., California, Arizona and Chile. The Company is no longer subject to significant U.S. and state income tax examinations for years prior to the statutory periods of three years for federal and four years for state tax jurisdictions. The Company recognizes interest expense and penalties related to income tax matters as a component of income tax expense. There was no accrued interest or penalties associated with uncertain tax positions as of October 31, 2016.

Retirement Plans

Retirement Plans	12 Months Ended
	Oct. 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. 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 $ 500,000 375,000 The investment policy and strategy has been established to provide a total investment return that will, over time, maintain purchasing power parity for the Plan’s variable benefits and keep the Plan funding at a reasonable level. The long-term target asset allocation ranges are as follows: Domestic Equity 35 40 10 15 47 3 The following tables set forth the Plan’s net periodic cost, changes in benefit obligation and Plan assets, funded status, amounts recognized in the Company’s consolidated balance sheets, additional year-end information and assumptions used in determining the benefit obligations and net periodic benefit cost. 2016 2015 Administrative expenses $ 125,000 $ 135,000 Interest cost 835,000 852,000 Expected return on plan assets (1,077,000) (1,128,000) Amortization of net loss 746,000 984,000 Net periodic benefit cost $ 629,000 $ 843,000 2016 2015 Change in benefit obligation: Benefit obligation at beginning of year $ 21,051,000 $ 21,959,000 Administrative expenses 125,000 135,000 Interest cost 835,000 852,000 Plan amendments 322,000 - Benefits paid (1,184,000) (1,031,000) Actuarial loss (gain) 1,290,000 (864,000) Benefit obligation at end of year $ 22,439,000 $ 21,051,000 Change in plan assets: Fair value of plan assets at beginning of year $ 16,692,000 $ 17,005,000 Actual return on plan assets 812,000 343,000 Employer contributions 500,000 375,000 Benefits paid (1,184,000) (1,031,000) Fair value of plan assets at end of year $ 16,820,000 $ 16,692,000 Reconciliation of funded status: Fair value of plan assets $ 16,820,000 $ 16,692,000 Benefit obligations 22,439,000 21,051,000 Net plan obligations $ (5,619,000) $ (4,359,000) Amounts recognized in statements of financial position: Noncurrent assets $ – $ – Current liabilities – – Noncurrent liabilities (5,619,000) (4,359,000) Net obligation recognized in statements of financial position $ (5,619,000) $ (4,359,000) Reconciliation of amounts recognized in statements of financial position: Prior service cost $ (322,000) $ - Net loss (8,823,000) (8,015,000) Accumulated other comprehensive loss (9,145,000) (8,015,000) Accumulated contributions in excess of net periodic benefit cost 3,526,000 3,656,000 Net deficit recognized in statements of financial position $ (5,619,000) $ (4,359,000) 2016 2015 Changes recognized in other comprehensive income: New prior service cost $ 322,000 $ - Net loss (gain) arising during the year 1,555,000 (79,000) Amortization of net loss (746,000) (984,000) Total recognized in other comprehensive loss (income) $ 1,131,000 $ (1,063,000) Total recognized in net periodic benefit and other comprehensive loss (income) $ 1,760,000 $ (220,000) 2016 Initial net asset (obligation) $ – Prior service cost (45,000) Net loss (833,000) Total $ (878,000) 2016 2015 Weighted-average assumptions used to determine benefit obligations: Discount rate 3.60 % 4.10 % Assumptions used to determine net periodic benefit cost: Discount rate 4.10 % 4.00 % Expected return on plan assets 6.50 % 7.00 % Additional year-end information: Projected benefit obligation $ 22,439,000 $ 21,051,000 Accumulated benefit obligation $ 22,439,000 $ 21,051,000 Fair value of plan assets $ 16,820,000 $ 16,692,000 2017 $ 1,210,000 2018 1,243,000 2019 1,268,000 2020 1,272,000 2021 1,277,000 2022-2026 6,623,000 $ 12,893,000 Fair Value Measurements and Disclosures Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 171,000 $ – $ – $ 171,000 Mutual funds 1,349,000 – – 1,349,000 Pooled funds – 15,300,000 – 15,300,000 $ 1,520,000 15,300,000 $ – $ 16,820,000 The Company has a 401(k) plan in which it contributes an amount equal to 4 100 4 20 823,000 775,000 647,000

Other Long-Term Liabilities

Other Long-Term Liabilities	12 Months Ended
	Oct. 31, 2016
Other Liabilities Disclosure [Abstract]
Other Liabilities Disclosure [Text Block]	18. Other Long-Term Liabilities 2016 2015 Minimum pension liability $ 5,619,000 $ 4,359,000 Fair value of derivative instrument 461,000 935,000 Contingent consideration - 300,000 Deposit received for joint venture interest - 2,000,000 Deferred gain and other 47,000 47,000 $ 6,127,000 $ 7,641,000

Operating Lease Income

Operating Lease Income	12 Months Ended
	Oct. 31, 2016
Leases, Operating [Abstract]
Leases of Lessor Disclosure [Text Block]	19. Operating Lease Income The Company rents certain of its assets under net operating lease agreements ranging from one month to 20 1,529,000 21,997,000 6,081,000 195,000 135,000 200,000 2017 $ 1,675,000 2018 1,441,000 2019 930,000 2020 688,000 2021 287,000 Thereafter 1,249,000 $ 6,270,000

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Oct. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	20. Commitments and Contingencies Operating Leases The Company has operating leases for agricultural land, pollinating equipment, packinghouse equipment, and photovoltaic generators. Total lease expense for fiscal years 2016, 2015 and 2014 was $ 2,049,000 2,922,000 3,390,000 During fiscal year 2008, the Company entered into a contract with Perpetual Power, LLC (“Perpetual”) to install a 1,000 KW photovoltaic generator in order to provide electrical power for the Company’s lemon packinghouse operations. The facility became operational in October 2008. Farm Credit West provided financing for the generator and upon completion of the construction Perpetual sold the generator to Farm Credit West. The Company then signed a 10-year operating lease agreement with Farm Credit West. At the end of the 10 1,125,000 Additionally, in fiscal year 2008, the Company entered into a contract with Perpetual to install a second 1,000 KW photovoltaic generator in order to provide electrical power for the Company’s farming operations in Ducor, California. Farm Credit West provided the financing for the generator and when construction was completed, Perpetual sold the generator to Farm Credit West. The Company then signed a 10 10 1,275,000 436,000 664,000 Additionally, the Company had agreements, which expired in 2014, with an electric utility through the California Solar Initiative which entitled it to receive rebates for energy produced by our solar arrays. These rebates were zero, zero and $ 91,000 In January 2012, the Company entered into a series of operating leases for approximately 1,000 acres of lemon, orange, specialty citrus and other crop orchards in Lindsay, California. Each of the leases is for ten-year terms and provides for four five-year renewal options with an aggregate base rent of approximately $ 500 202,000 1,137,000 1,641,000 On July 1, 2013, the Company and Cadiz, entered into a long-term lease agreement for a minimum of 320 acres, with an option 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 1,200 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 9,300 92,000 58,000 15,000 25,000 2017 $ 1,317,000 2018 1,284,000 2019 498,000 2020 471,000 2021 471,000 Thereafter 2,295,000 $ 6,336,000 Letters of Credit The Company utilizes standby letters of credit to satisfy workers’ compensation insurance security deposit requirements. At October 31, 2016, these outstanding letters of credit totaled $ 137,000 Litigation The Company is from time to time involved in various lawsuits and legal proceedings that arise in the ordinary course of business. At this time, the Company is not aware of any pending or threatened litigation against it that it expects will have a material adverse effect on its business, financial condition, liquidity, or operating results. Legal claims are inherently uncertain, however, and it is possible that the Company’s business, financial condition, liquidity and/or operating results could be adversely affected in the future by legal proceedings.

Series B and Series B-2 Preferr

Series B and Series B-2 Preferred Stock	12 Months Ended
	Oct. 31, 2016
Temporary Equity Disclosure [Abstract]
Preferred Stock [Text Block]	21. Series B and Series B-2 Preferred Stock Series B Convertible Preferred Stock In 1997, in connection with the acquisition of Ronald Michaelis Ranches, Inc., the Company issued 30,000 100.00 Dividends: The holders of shares of Series B Stock are entitled to receive cumulative cash dividends at an annual rate of 8.75 Voting Rights: Each shareholder of Series B Stock is entitled to ten votes on all matters submitted to a vote of the stockholders of the Company. Redemption: The Company, at the option of the Board of Directors, may redeem the Series B Stock, as a whole or in part, at any time or from time to time on or after August 1, 2017 and before July 31, 2027, at a redemption price equal to the par value thereof, plus accrued and unpaid dividends thereon to the date fixed for redemption. Conversion: The holders of Series B Stock have the right, at their option, to convert such shares into shares of Common Stock of the Company at any time prior to redemption. The conversion price is $ 8.00 Put: The holders of Series B Stock may at any time after July 1, 2017 and before June 31, 2027 cause the Company to repurchase such shares at a repurchase price equal to the par value thereof, plus accrued and unpaid dividends thereon to the date fixed for repurchase. Because the Series B Stock may be redeemed by holders of the shares at their discretion beginning July 1, 2017, the redemption is outside of the control the Company and accordingly, the Series B Stock has been classified as temporary equity. In April 2016, 500 6,250 In September 2015, 500 6,250 Series B-2 Convertible Preferred Stock During March and April of 2014, pursuant to a Series B-2 Stock Purchase Agreement dated March 21, 2014, the Company issued an aggregate of 9,300 4 100.00 9,300,000 Conversion: Each share of the Series B-2 Preferred Stock is convertible into common stock at a conversion price equal to the greater of (a) the then-market price of the Company’s common stock based upon the closing price of the Company’s common stock on the NASDAQ Stock Market, LLC or on such other principal market on which the Company’s common stock may then be trading and (b) $15.00 per share of common stock. Shares of the Series B-2 Preferred Stock may be converted into common stock (i) at any time prior to the redemption thereof, or (ii) in the event the Option Agreement (as defined below) is terminated without all of the shares of Series B-2 Preferred Stock having been redeemed, within 30 calendar days following such termination Dividends: The holder of shares of the Series B-2 Preferred Stock is entitled to receive cumulative cash dividends at an annual rate of 4 1,000 Liquidation Rights: In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holder of shares of the Series B-2 Preferred Stock is entitled to be paid out of the assets available for distribution, before any payment is made to the holders of the Company’s common stock or any other series or class of the Company’s shares ranking junior to the Series B-2 Preferred Stock, an amount equal to the liquidation value of $ 1,000 Voting Rights: Each share of Series B-2 Preferred Stock is entitled to one vote on all matters submitted to a vote of the Company’s stockholders. Redemption: The Company may redeem shares of Series B-2 Preferred Stock only (i) from WPI or its designee and (ii) upon, and to the extent of, an election to exercise the option pursuant to the Option Agreement, described below, at a redemption price equal to the liquidation value of $1,000 per share plus accrued and unpaid dividends. Because the Series B-2 Preferred Stock may be redeemed by WPI at its discretion with the exercise of the Option Agreement, the redemption is outside of the control the Company and accordingly, the Series B-2 Preferred Stock has been classified as temporary equity. In connection with the sale of the Series B-2 Preferred Stock, Associated and another affiliate of WAM (“WPI-ACP”), entered into a series of agreements related to the future ownership and disposition of farmland with associated Colorado River water rights and other real estate that is held by Associated in Yuma, Arizona. The agreements allow the parties to explore strategies that will make the highest and best use of those assets, including but not limited to the sale or lease of assets or the expansion of a fallowing and water savings program in which a portion of Associated’s property is currently enrolled. The net proceeds of any monetization event would be shared equally by the parties. The agreements entered into include a Water Development Agreement and an Option Agreement. Pursuant to the Water Development Agreement, Associated granted WPI-ACP exclusive rights to develop water assets attributable to the real estate owned by Associated for the mutual benefit of Associated and WAM. Pursuant to the Option Agreement, Associated granted WPI-ACP an option to purchase an undivided interest of up to one-half of the real estate owned by Associated in Yuma County, Arizona (the “Property”) and the water rights associated therewith until January 1, 2026. The purchase price for the Property subject to the Option Agreement will be paid via the redemption by the Company of a proportionate percentage of the Series B-2 Preferred Stock. Unless and until a definitive agreement or definitive agreements with respect to Associated’s real estate and water rights is entered into that would cause the cessation of farming operations, Associated expects to continue farming the Property and recognize all results of operations and retain all proceeds from such operations.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Oct. 31, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	22. Stockholders’ Equity Series A Junior Participating Preferred Stock and Shareholder Rights Agreement During fiscal year 2007, the Company entered into a shareholder rights agreement with the Bank of New York acting as rights agent. In connection with this agreement, on October 31, 2006, the Company designated 20,000 October 31, 2006 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 2 In December 2016, 44,688 19.92 890,000 544,000 15.29 410,000 130,000 42,085 25.35 1,071,000 367,000 Stock-based compensation expense is included in selling, general and administrative expense and is recognized over the performance and vesting periods as summarized below: Performance Shares Year Ended October 31, Year Granted 2016 2015 2014 2012 34,721 $ - $ 33,000 $ 209,000 2013 27,091 - 237,000 237,000 2014 42,085 352,000 352,000 367,000 2015 27,424 140,000 130,000 - 2016 44,688 544,000 - - $ 1,036,000 $ 752,000 $ 813,000 During fiscal years 2016, 2015 and 2014, respectively, members of management exchanged 12,433 10,907 6,619 190,000 275,000 176,000 During fiscal years 2016, 2015 and 2014, respectively, 21,905 15,077 13,587 273,000 325,000 303,000 Donation of Common Stock During each June 2015 and 2014 the Company donated $ 100,000 4,498 4,552 100,000 Dividend On December 15, 2016 0.055 January 17, 2017 782,000 December 27, 2016

Fruit Growers Supply Cooperativ

Fruit Growers Supply Cooperative	12 Months Ended
	Oct. 31, 2016
Fruit Growers Supply Cooperative [Abstract]
Fruit Growers Supply Cooperative Disclosure [Text Block]	23. Fruit Growers Supply Cooperative The Company is a member of Fruit Growers Supply (“FGS”), a cooperative supply corporation. FGS is the manufacturing and supply affiliate of Sunkist. FGS allocates after-tax earnings derived from non-member business to members. The allocations may then be disbursed to members as dividends no less than five years after allocation. As of October 31, 2016 and October 31, 2015, the Company has been allocated $ 729,000 67,000 During September 2011, the Company settled a claim with Sunkist in which Sunkist requested a refund of $ 586,000 50 251,000

Segment Information

Segment Information	12 Months Ended
	Oct. 31, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	24. 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. 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. In October 2016, the Company re-purposed Windfall Farms from a real estate development project to an agricultural ranch and reclassified $ 26,779,000 669,000 1,052,000 954,000 Year Ended October 31, 2016 2015 2014 Lemon operations: Revenues $ 85,267,000 $ 78,978,000 $ 79,726,000 Costs and expenses 66,558,000 61,766,000 59,412,000 Operating income 18,709,000 17,212,000 20,314,000 Other agribusiness: Revenues 20,863,000 16,146,000 18,796,000 Costs and expenses 12,725,000 12,079,000 12,086,000 Operating income 8,138,000 4,067,000 6,710,000 Lemon and other agribusiness depreciation and amortization 4,321,000 3,341,000 2,827,000 Total agribusiness operating income 22,526,000 17,938,000 24,197,000 Rental operations: Revenues 5,603,000 5,104,000 4,640,000 Costs and expenses 2,885,000 2,859,000 2,651,000 Depreciation and amortization 732,000 581,000 422,000 Operating income 1,986,000 1,664,000 1,567,000 Real estate development: Revenues 56,000 83,000 300,000 Costs and expenses 2,006,000 1,284,000 1,756,000 Depreciation and amortization 55,000 46,000 79,000 Operating loss (2,005,000) (1,247,000) (1,535,000) Selling, general and administrative expenses; (13,319,000) (13,772,000) (14,336,000) Total operating income $ 9,188,000 $ 4,583,000 $ 9,893,000 The following table sets forth revenues by category, by segment for fiscal years 2016, 2015 and 2014: Year Ended October 31, 2016 2015 2014 Lemon operations revenues $ 85,267,000 $ 78,978,000 $ 79,726,000 Avocados 10,767,000 7,132,000 7,374,000 Navel and Valencia oranges 6,143,000 5,626,000 7,616,000 Specialty citrus and other crops 3,953,000 3,388,000 3,806,000 Other agribusiness revenues 20,863,000 16,146,000 18,796,000 Residential and commercial rentals 3,555,000 2,892,000 2,454,000 Leased land 1,755,000 1,865,000 1,986,000 Organic recycling and other 293,000 347,000 200,000 Rental operations revenues 5,603,000 5,104,000 4,640,000 Real estate development revenues 56,000 83,000 300,000 Total revenues $ 111,789,000 $ 100,311,000 $ 103,462,000

Sale of Property

Sale of Property	12 Months Ended
	Oct. 31, 2016
Proceeds from Sale of Property, Plant, and Equipment [Abstract]
Sale Of Property [Text Block]	25. Sale of Property On August 21, 2015, the Company sold its Wilson Ranch, which is comprised of 52 acres of land with 33 acres of avocado orchards located near the City of Fillmore, in Ventura County, California. The sales price was $2,750,000 and the gain on the sale was $935,000.

Sale of Conservation Easement

Sale of Conservation Easement	12 Months Ended
	Oct. 31, 2016
Sale Of Conservation Easement [Abstract]
Sale Of Conservation Easement [Text Block]	26. Sale of Conservation Easement In October 2016, the Company sold a conservation easement on certain of its Ventura County property to The Nature Conservancy. The easement preserves 235 995,000 995,000

Subsequent Events

Subsequent Events	12 Months Ended
	Oct. 31, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	27. Subsequent Events The Company has evaluated events subsequent to October 31, 2016, to assess the need for potential recognition or disclosure in this Annual Report on Form 10-K. Based upon this evaluation, except as disclosed below and in the notes to consolidated financial statements, it was determined that no other subsequent events occurred that require recognition or disclosure in the consolidated financial statements.

Summary of Significant Accoun35

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Oct. 31, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The 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 consolidated financial statements represent the consolidated balance sheets, statements of operations, statements of comprehensive income, statements of stockholders’ equity and temporary equity and statements of cash flows of Limoneira Company and its wholly owned subsidiaries. The Company’s subsidiaries include: Limoneira Mercantile, LLC, Windfall Investors, LLC (“Windfall”), Templeton Santa Barbara, LLC, Associated Citrus Packers, Inc. (“Associated”), Limoneira Chile SpA, Limoneira EA 1 Land, LLC and Limoneira S.A. 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
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Accounts Receivable The Company grants credit in the course of its operations to 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 other factors. At October 31, 2016 and 2015 the allowances totaled $ 357,000 390,000 208,000
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations The Company sells all of its avocado production to Calavo. Sales of avocados to Calavo were $ 10,767,000 7,132,000 7,374,000 Lemons procured from third-party growers were approximately 42 36 36 44 The Company maintains its cash in federally insured financial institutions. The account balances at these institutions periodically exceed Federal Deposit Insurance Corporation (“FDIC”) insurance coverage and, as a result, there is a concentration of risk related to amounts on deposit in excess of FDIC insurance coverage. The Company believes the risk is not significant.
Costs Incurred, Policy [Policy Text Block]	Cultural Costs Growing costs, also referred to as cultural costs, consist of orchard maintenance costs such as cultivation, fertilization and soil amendments, pest control, pruning and irrigation. Harvest costs are comprised of labor and equipment expenses incurred to harvest and deliver crops to the packinghouses. Lemons, oranges, specialty citrus and other crops such as pistachio nuts and olives are grown in the Company’s San Joaquin Valley orchards. Additionally, lemons are grown in the Company’s Yuma County, Arizona orchards. These crops have distinct growing periods and distinct harvest and selling periods, each of which lasts approximately four to six months. During the growing period, cultural costs are capitalized as they are associated with benefiting and preparing the crops for the harvest and selling period. During the harvest and selling period, harvest costs and cultural costs are expensed when incurred and capitalized cultural costs are amortized as components of agribusiness costs and expenses. The Company grows lemons and avocados in its Ventura County orchards. Due to climate, growing conditions and the types of crops grown, the Ventura County orchards may be harvested and sold on a year round basis. Accordingly, the Company does not capitalize cultural costs associated with its Ventura County orchards and therefore such costs, as well as harvest costs associated with the Ventura County orchards, are expensed to operations when incurred as components of agribusiness costs and expenses. Most cultural costs, including amortization of capitalized cultural costs, and harvest costs are associated with and charged to specific crops. Certain other costs, such as property taxes, indirect labor including farm supervision and management and irrigation that benefit multiple crops are allocated to crops on a per acre basis.
Income Tax, Policy [Policy Text Block]	Income Taxes Deferred income tax assets and liabilities are computed annually for differences between the financial statement and income tax bases of assets and liabilities that will result in taxable or deductible amounts in the future. Such deferred income tax asset and liability computations are based on enacted tax laws and rates applicable to periods in which the differences are expected to affect taxable income. A valuation allowance is established, when necessary, to reduce deferred income tax assets to the amount expected to be realized. Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement.
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment Property, plant and equipment is stated at original cost, net of accumulated depreciation. Land improvements 10 30 Buildings and building improvements 10 50 Equipment 5 20 Orchards 20 40 Costs of planting and developing orchards are capitalized until the orchards become commercially productive. Planting costs consist primarily of the costs to purchase and plant nursery stock. Orchard development costs consist primarily of maintenance costs of orchards such as cultivation, pruning, irrigation, labor, spraying and fertilization, and interest costs during the development period. The Company ceases the capitalization of costs and commences depreciation when the orchards become commercially productive and orchard maintenance costs are accounted for as cultural costs as described above.
Interest Capitalization, Policy [Policy Text Block]	Capitalized Interest Interest is capitalized on real estate development projects and significant construction in progress using the weighted average interest rate during the fiscal year. Interest of $ 1,919,000 2,534,000
Real Estate Held for Development and Sale, Policy [Policy Text Block]	Real Estate Development Costs The Company capitalizes the planning, entitlement, construction, development costs and interest associated with its various real estate projects. Costs that are not capitalized, which include property maintenance and repairs, general and administrative and marketing expenses, are expensed as incurred. A real estate development project is considered substantially complete upon the cessation of construction and development activities. Once a project is substantially completed, future costs are expensed as incurred. The Company capitalized costs related to its real estate projects of $ 6,870,000 7,979,000
Equity Method Investments, Policy [Policy Text Block]	Equity in Investments Investments in unconsolidated joint ventures in which the Company has significant influence but less than a controlling interest, or is not the primary beneficiary if the joint venture is determined to be a Variable Interest Entity (“VIE”), are accounted for under the equity method of accounting and, accordingly, are adjusted for capital contributions, distributions and the Company’s equity in net earnings or loss of the respective joint venture.
Marketable Securities, Policy [Policy Text Block]	Marketable Securities The Company classifies its marketable securities as available-for-sale. The Company’s investments in marketable securities are stated at fair value with unrealized gains (losses), net of tax, reported as a component of accumulated other comprehensive income (loss) in the Company’s consolidated statements of comprehensive income. At October 31, 2016 and 2015, marketable securities are comprised of the Company’s investment in Calavo.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	The Company evaluates long-lived assets, including its definite-life intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the estimated undiscounted future cash flows from the use of an asset are less than the carrying value of that asset, a write-down is recorded to reduce the carrying value of the asset to its fair value. Assets held for sale are carried at the lower of cost or fair value less estimated cost to sell.
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Intangible Assets Intangible assets consist primarily of acquired water and mineral rights, a patent and certain trade names and trademarks. Certain of the Company’s trade names and trademarks are being amortized on a straight line basis over their estimated lives of eight years. The Company evaluates its indefinite-life intangible assets annually or whenever events or changes in circumstances indicate an impairment of the assets’ value may exist.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill Goodwill is tested for impairment on an annual basis or when an event or changes in circumstances indicate that its carrying value may not be recoverable. Goodwill impairment is tested at the reporting unit level, which is defined as an operating segment or one level below the operating segment. Goodwill impairment is tested in a two-step process, with the first step performed to determine if there is potential for impairment by comparing the fair value of the reporting unit to its carrying value. If potential impairment is identified as indicated by the carrying value exceeding the fair value of the reporting unit, the second step is performed to measure the amount of impairment to be recognized in the financial statements by comparing the implied fair value of goodwill to its carrying value. If the carrying value of goodwill exceeds its implied fair value, an impairment loss is recognized for the excess amount. Goodwill impairment testing involves significant judgment and estimates. The annual assessment of goodwill impairment was performed as of July 31, 2016 with no impairment noted.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Values of Financial Instruments The fair values of financial instruments are based on level-one indicators within the fair value hierarchy or quoted market prices, where available, or are estimated using the present value or other valuation techniques. Estimated fair values are significantly affected by the assumptions used. Accounts receivable, note receivable, accounts payable, growers payable and accrued liabilities reported on the Company’s consolidated balance sheets approximate their fair values due to the short-term nature of the instruments. Based on the borrowing rates currently available to the Company for bank loans with similar terms and maturities, the fair value of long-term debt is approximately equal to its carrying amount as of October 31, 2016 and 2015.
Derivatives, Policy [Policy Text Block]	Derivative Financial Instruments The Company uses derivative financial instruments to manage its exposure to interest rates as well as to maintain an appropriate mix of fixed and floating-rate debt. Contract terms of a hedge instrument closely mirror those of the hedged item, providing a high degree of risk reduction and correlation. Contracts that are effective at meeting the risk reduction and correlation criteria are recorded using hedge accounting. If a derivative instrument is a hedge, depending on the nature of the hedge, changes in the fair value of the instrument will be either offset against the change in the fair value of the hedged assets, liabilities or firm commitments through earnings or be recognized in other comprehensive income until the hedged item is recognized in earnings. The ineffective portion of an instrument’s change in fair value will be immediately recognized in earnings. Instruments that do not meet the criteria for hedge accounting, or contracts for which the Company has not elected hedge accounting, are valued at fair value with unrealized gains or losses reported in earnings during the period of change.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income (Loss) Comprehensive income (loss) represents all changes in a company’s net assets, except changes resulting from transactions with shareholders, and is reported as a component of the Company’s stockholders’ equity.
Revenue Recognition, Policy [Policy Text Block]	Revenue and related costs are recognized when (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred, (iii) selling price is fixed or determinable and (iv) collectability is reasonably assured. The Company records a sales allowance in the period revenue is recognized as a provision for estimated customer discounts and concessions. Agribusiness revenue - 263,000 114,000 115,000 The Company’s avocados, oranges, specialty citrus and other specialty crops are packed and sold by Calavo and other third-party packinghouses. The Company delivers all of its avocado production from its orchards to Calavo. These avocados are then packed by Calavo at its packinghouse, and sold and distributed under Calavo brands to its customers primarily in the United States and Canada. The Company’s arrangements with other third-party packinghouses related to its oranges, specialty citrus and other specialty crops are similar to its arrangement with Calavo. The Company’s arrangements with its third-party packinghouses are such that the Company is the producer and supplier of the product and the third-party packinghouses are the Company’s customers. The revenues the Company recognizes related to the fruits sold to the third-party packinghouses are based on the volume and quality of the fruits delivered, the market price for such fruit, less the packinghouses’ charges to pack and market the fruit. Such packinghouse charges include the grading, sizing, packing, cooling, ripening and marketing of the related fruit. The Company bears inventory risk until product is delivered to the third-party packinghouses at which time title and inventory risk to the product is transferred to the third-party packinghouses and revenue is recognized. Such third-party packinghouse charges are recorded as a reduction of revenue based on the application of specific authoritative revenue recognition guidance entitled “Vendor’s Income Statement Characterization of Consideration Given to a Customer”. The identifiable benefit the Company receives from the third-party packinghouses for packaging and marketing services cannot be sufficiently separated from the third-party packinghouses’ purchase of the Company’s products. In addition, the Company is not able to reasonably estimate the fair value of the benefit received from the third-party packinghouses for such services and as such, these costs are characterized as a reduction of revenue in the Company’s consolidated statement of operations. Revenue from crop insurance proceeds is recorded when the amount of and the right to receive the payment can be reasonably determined. The Company recorded agribusiness revenues from crop insurance proceeds of $ 83,000 9,000 184,000 Rental operations revenue - Real estate development revenue - Real Estate Sales Incidental operations may occur during the holding or development period of real estate development projects to reduce holding or development costs. Incremental revenue from incidental operations in excess of incremental costs from incidental operations is accounted for as a reduction of development costs. Incremental costs from incidental operations in excess of incremental revenue from incidental operations are charged to operations.
Advertising Costs, Policy [Policy Text Block]	Advertising Expense Advertising costs are expensed as incurred. Such costs in fiscal years 2016, 2015 and 2014 were $ 264,000 364,000 308,000
Lease, Policy [Policy Text Block]	Leases The Company records rent expense for its operating leases on a straight-line basis from the lease commencement date as defined in the lease agreement until the end of the base lease term.
Earnings Per Share, Policy [Policy Text Block]	Basic and Diluted Net Income per Share Basic net income per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of preferred stock. Diluted net income 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 anti-dilutive for fiscal years ended October 31, 2016, 2015 and 2014. 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.
Reclassifications and Adjustments[PolicyText Block]	Reclassifications and Adjustments Certain reclassifications have been made to the prior years’ consolidated financial statements to conform to the October 31, 2016 presentation.
Pension and Other Postretirement Plans, Policy [Policy Text Block]	Defined Benefit Retirement Plan The Company sponsors a defined benefit retirement plan that was frozen in June 2004, and no future benefits have been accrued to participants subsequent to that time. Ongoing accounting for this plan under FASB ASC 715, Compensation – Retirement Benefits, 4.1 3.6 1,290,000
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. On July 9, 2015, the FASB deferred the effective date of ASU 2014-09 for one year. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. ASU 2014-09 is effective for the Company in the first quarter of its fiscal year ending October 31, 2019. 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. In March 2016, the FASB issued ASU 2016-08 (ASU 2016-08), Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10 (ASU 2016-10), Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services. In May 2016, the FASB issued, ASU 2016-12 (ASU 2016-12) FASB Accounting Standards Update No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. ASU 2016-12 provides clarifying guidance in certain narrow areas and adds some practical expedients. The two permitted transition methods under the new standard are the full retrospective method, in which case the standard would be applied to each prior reporting period presented and the cumulative effect of applying the standard would be recognized at the earliest period shown, or the modified retrospective method, in which case the cumulative effect of applying the standard would be recognized at the date of initial application. We currently anticipate adopting the standard using the modified retrospective method. 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 ASU 2014-15 is 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. This ASU is 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 does not expect this ASU to have a material impact on its consolidated financial statements. FASB Accounting Standards Update No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis ASU 2015-02 amends the consolidation guidance for variable interest entities and voting interest entities, among other items, by eliminating the consolidation model previously applied to limited partnerships, emphasizing the risk of loss when determining a controlling financial interest and reducing the frequency of the application of related-party guidance when determining a controlling financial interest. ASU 2015-02 is effective for periods beginning after December 15, 2015, for public companies. The adoption of ASU 2015-02 did not have a material impact on our 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 $ 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. The amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. 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. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. 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. FASB Accounting Standards Update No. 2016-09, Compensation —Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting The amendments are intended to improve the accounting for employee share-based payments and affect all organizations that issue share-based payment awards to their employees. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The amendments are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is evaluating the effect this ASU may have on its consolidated financial statements.

Summary of Significant Accoun36

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Oct. 31, 2016
Accounting Policies [Abstract]
Schedule Of Property Plant And Equipment Useful Life [Table Text Block]	Depreciation is computed using the straight-line method at rates based upon the estimated useful lives of the related assets as follows (in years): Land improvements 10 30 Buildings and building improvements 10 50 Equipment 5 20 Orchards 20 40

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Oct. 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 Building $ 395,000 Land and improvements 260,000 Equipment 885,000 Customer relationships 160,000 Fair value of assets acquired $ 1,700,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Oct. 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 October 31, 2015 and 2014 that are measured on a recurring basis during the period, segregated by level within the fair value hierarchy: 2016 Level 1 Level 2 Level 3 Total Assets at fair value: Available- for -sale securities $ 17,745,000 $ – $ – $ 17,745,000 Liabilities at fair value: Derivative $ – $ 1,151,000 $ – $ 1,151,000 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 Cu39

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Oct. 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 at October 31: 2016 2015 Prepaid insurance $ 633,000 $ 598,000 Prepaid supplies 879,000 1,064,000 Lemon supplier advances 41,000 35,000 Deposits 61,000 129,000 Deferred lease expense and other 895,000 561,000 $ 2,509,000 $ 2,387,000

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Oct. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment consist of the following at October 31: 2016 2015 Land $ 76,418,000 $ 48,211,000 Land improvements 22,458,000 19,998,000 Buildings and building improvements 38,811,000 20,655,000 Equipment 45,775,000 28,624,000 Orchards 31,282,000 26,648,000 Construction in progress 17,558,000 35,428,000 232,302,000 179,564,000 Less accumulated depreciation (55,206,000) (50,613,000) $ 177,096,000 $ 128,951,000

Real Estate Development (Tables

Real Estate Development (Tables)	12 Months Ended
	Oct. 31, 2016
Real Estate [Abstract]
Schedule of Real Estate Properties [Table Text Block]	Real estate development assets are comprised primarily of land and land development costs and consist of the following at October 31: 2016 2015 East Areas I and II $ 66,097,000 $ 59,227,000 Templeton Santa Barbara, LLC 11,039,000 11,039,000 Windfall Investors, LLC - 25,801,000 $ 77,136,000 $ 96,067,000

Equity Investments (Tables)

Equity Investments (Tables)	12 Months Ended
	Oct. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments [Table Text Block]	The following is unaudited financial information of the equity method investees for fiscal years 2016, 2015 and 2014: Del Mar Romney Rosales LLC Total 2016 Assets $ 1,244,000 $ 690,000 $ 4,300,000 $ 47,332,000 $ 53,566,000 Liabilities $ – $ – $ 2,719,000 $ 36,000 $ 2,755,000 Equity 1,244,000 690,000 1,581,000 47,296,000 50,811,000 Total liabilities and equity $ 1,244,000 $ 690,000 $ 4,300,000 $ 47,332,000 $ 53,566,000 Revenues $ 3,452,000 $ 11,000 $ 7,639,000 $ – $ 11,102,000 Expenses 910,000 24,000 6,979,000 1,000 7,914,000 Net income (loss) $ 2,542,000 $ (13,000) $ 660,000 $ (1,000) $ 3,188,000 2015 Assets $ 1,204,000 $ 652,000 $ 2,103,000 $ – $ 3,959,000 Liabilities $ – $ – $ 1,113,000 $ – $ 1,113,000 Equity 1,204,000 652,000 990,000 – 2,846,000 Total liabilities and equity $ 1,204,000 $ 652,000 $ 2,103,000 $ – $ 3,959,000 Revenues $ 2,817,000 $ 13,000 $ 4,864,000 $ – $ 7,694,000 Expenses 876,000 17,000 4,838,000 5,731,000 Net income (loss) $ 1,941,000 $ (4,000) $ 26,000 $ – $ 1,963,000 2014 Assets $ 2,623,000 $ 707,000 $ 3,722,000 $ – $ 7,052,000 Liabilities $ – $ – $ 2,471,000 $ – $ 2,471,000 Equity 2,623,000 707,000 1,251,000 – 4,581,000 Total liabilities and equity $ 2,623,000 $ 707,000 $ 3,722,000 $ – $ 7,052,000 Revenues $ 2,003,000 $ 6,000 $ 2,175,000 $ – $ 4,184,000 Expenses 910,000 16,000 2,009,000 – 2,935,000 Net income (loss) $ 1,093,000 $ (10,000) $ 166,000 $ – $ 1,249,000
Schedule Of Earnings And Losses Of Equity Method Investees [Table Text Block]	The Company’s investment and equity in earnings (losses) of the equity method investees are as follows: Del Mar Romney Rosales LLC Total Investment balance October 31, 2013 $ 1,265,000 $ 535,000 $ – $ – $ 1,800,000 Equity earnings (losses) 256,000 (8,000) 15,000 – 263,000 Cash distributions (183,000) – – – (183,000) Investment contributions – 8,000 1,750,000 – 1,758,000 Investment balance October 31, 2014 1,338,000 535,000 1,765,000 – 3,638,000 Equity earnings (losses) 455,000 (13,000) (199,000) – 243,000 Cash distributions (789,000) – (54,000) – (843,000) Investment contributions – 9,000 – – 9,000 Investment balance October 31, 2015 1,004,000 531,000 1,512,000 – 3,047,000 Equity earnings (losses) 603,000 (9,000) 40,000 – 634,000 Cash distributions (586,000) – (56,000) – (642,000) Investment contributions 940,000 – – 2,275,000 3,215,000 Investment balance October 31, 2016 $ 1,961,000 $ 522,000 $ 1,496,000 $ 2,275,000 $ 6,254,000

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Oct. 31, 2016
Other Assets [Abstract]
Schedule of Other Assets [Table Text Block]	Other assets consist of the following at October 31: 2016 2015 Investments in mutual water companies $ 4,327,000 $ 4,031,000 Acquired water and mineral rights 1,536,000 1,536,000 Deferred lease assets and other 930,000 1,404,000 Note receivable 612,000 589,000 Revolving funds and memberships 292,000 349,000 Acquired trade names and trademarks 341,000 446,000 Goodwill 680,000 680,000 $ 8,718,000 $ 9,035,000

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Oct. 31, 2016
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	Accrued liabilities consist of the following at October 31: 2016 2015 Compensation $ 2,362,000 $ 1,655,000 Income taxes - 180,000 Property taxes 520,000 541,000 Interest 277,000 263,000 Deferred rental income and deposits 633,000 892,000 Lease expense 296,000 827,000 Lemon supplier payables 1,242,000 788,000 Capital expenditures and other 1,091,000 718,000 $ 6,421,000 $ 5,864,000

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Oct. 31, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt is comprised of the following at October 31: 2016 2015 Rabobank revolving credit facility: the interest rate is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 0.52% at October 31, 2016, plus 1.80%. Interest is payable monthly and the principal is due in full in June 2018. $ 59,606,000 $ 83,834,000 Farm Credit West term loan: the interest rate is variable and was 2.95% at October 31, 2016. The loan is payable in quarterly installments through November 2022. 3,701,000 4,235,000 Farm Credit West non-revolving line of credit: the loan was repaid in February 2016 with proceeds from the Farm Credit West term loans as noted below. - 492,000 Farm Credit West term loan: the interest rate is variable and was 2.95% at October 31, 2016. The loan is payable in monthly installments through October 2035. 1,213,000 1,263,000 Farm Credit West term loan: the interest rate is fixed at 4.70%. The loan is payable in monthly installments though March 2036. 9,822,000 - Farm Credit West term loan: the interest rate is fixed at 3.62% until March 2021, becoming variable for the remainder of the loan. The loan is payable in monthly installments though March 2036. 7,349,000 - Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 9,152,000 - Subtotal 90,843,000 89,824,000 Less deferred financing costs 171,000 156,000 Total long-term debt, net 90,672,000 89,668,000 Less current portion 2,508,000 589,000 Long-term debt, less current portion $ 88,164,000 $ 89,079,000
Schedule of Maturities of Long-term Debt [Table Text Block]	2017 $ 2,508,000 2018 62,203,000 2019 2,691,000 2020 2,787,000 2021 2,888,000 Thereafter 17,766,000 $ 90,843,000

Derivative Instruments and He46

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
	Oct. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments [Table Text Block]	Derivative financial instruments consist of the following at October 31: Notional Amount Fair Value Liability 2016 2015 2016 2015 Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018 $ 40,000,000 $ 40,000,000 $ 1,151,000 $ 1,702,000

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Oct. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The computations for basic net income per common share are as follows: Year ended October 31, 2016 2015 2014 Basic net income per common share: Numerator: Net income applicable to common stock $ 7,430,000 $ 6,447,000 $ 6,531,000 Denominator: Weighted average common shares-basic 14,168,000 14,119,000 14,055,000 Basic net income per common share $ 0.52 $ 0.46 $ 0.46

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Oct. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The components of the provisions for income taxes for fiscal years 2016, 2015 and 2014 are as follows: 2016 2015 2014 Current: Federal $ 1,736,000 $ (3,315,000) $ (2,820,000) State (749,000) (1,007,000) (882,000) Foreign (59,000) (2,000) - Total current benefit (provision) 928,000 (4,324,000) (3,702,000) Deferred: Federal (5,942,000) 343,000 80,000 State (253,000) 7,000 49,000 Total deferred (provision) benefit (6,195,000) 350,000 129,000 Total provision $ (5,267,000) $ (3,974,000) $ (3,573,000)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The components of deferred income tax assets (liabilities) at October 31, 2016 and 2015 are as follows: 2016 2015 Deferred income tax assets: Labor accruals $ 246,000 $ 246,000 State income taxes 293,000 337,000 Net operating losses 1,000 18,000 Prepaid insurance and other 69,000 38,000 Impairments of real estate development assets 3,147,000 3,152,000 Derivative instruments 452,000 669,000 Minimum pension liability adjustment 2,207,000 1,715,000 Amortization 462,000 683,000 Total deferred income tax assets 6,877,000 6,858,000 Deferred income tax liabilities: Property taxes (184,000) (205,000) Depreciation (11,644,000) (5,518,000) Unrealized net gain on Calavo investment (5,792,000) (5,864,000) Book and tax basis difference of acquired assets (14,471,000) (14,482,000) Other (114,000) (214,000) Total deferred income tax liabilities (32,205,000) (26,283,000) Net deferred income tax liabilities $ (25,328,000) $ (19,425,000)
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The income tax provision differs from that computed using the federal statutory rate applied to income before taxes as follows for fiscal years 2016, 2015 and 2014: 2016 2015 2014 Amount % Amount % Amount % Provision at statutory rates $ (4,530,000) (34.0) % $ (3,757,000) (34.0) % $ (3,587,000) (34.0) % State income tax, net of federal benefit (733,000) (5.5) % (614,000) (5.5) % (552,000) (5.2) % Dividend exclusion 72,000 0.5 % 94,000 0.8 % 83,000 0.8 % Production deduction 50,000 0.4 % 495,000 4.5 % 461,000 4.4 % Other permanent items (126,000) (0.9) % (192,000) (1.7) % 22,000 0.2 % Total income tax provision $ (5,267,000) (39.5) % $ (3,974,000) (35.9) % $ (3,573,000) (33.8) %

Retirement Plans (Tables)

Retirement Plans (Tables)	12 Months Ended
	Oct. 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 fiscal years 2016 and 2015 were as follows: 2016 2015 Administrative expenses $ 125,000 $ 135,000 Interest cost 835,000 852,000 Expected return on plan assets (1,077,000) (1,128,000) Amortization of net loss 746,000 984,000 Net periodic benefit cost $ 629,000 $ 843,000
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	Following is a summary of the Plan’s funded status as of October 31: 2016 2015 Change in benefit obligation: Benefit obligation at beginning of year $ 21,051,000 $ 21,959,000 Administrative expenses 125,000 135,000 Interest cost 835,000 852,000 Plan amendments 322,000 - Benefits paid (1,184,000) (1,031,000) Actuarial loss (gain) 1,290,000 (864,000) Benefit obligation at end of year $ 22,439,000 $ 21,051,000 Change in plan assets: Fair value of plan assets at beginning of year $ 16,692,000 $ 17,005,000 Actual return on plan assets 812,000 343,000 Employer contributions 500,000 375,000 Benefits paid (1,184,000) (1,031,000) Fair value of plan assets at end of year $ 16,820,000 $ 16,692,000 Reconciliation of funded status: Fair value of plan assets $ 16,820,000 $ 16,692,000 Benefit obligations 22,439,000 21,051,000 Net plan obligations $ (5,619,000) $ (4,359,000) Amounts recognized in statements of financial position: Noncurrent assets $ – $ – Current liabilities – – Noncurrent liabilities (5,619,000) (4,359,000) Net obligation recognized in statements of financial position $ (5,619,000) $ (4,359,000) Reconciliation of amounts recognized in statements of financial position: Prior service cost $ (322,000) $ - Net loss (8,823,000) (8,015,000) Accumulated other comprehensive loss (9,145,000) (8,015,000) Accumulated contributions in excess of net periodic benefit cost 3,526,000 3,656,000 Net deficit recognized in statements of financial position $ (5,619,000) $ (4,359,000)
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Presented below are changes in accumulated other comprehensive income, before tax, in the Plan as of October 31: 2016 2015 Changes recognized in other comprehensive income: New prior service cost $ 322,000 $ - Net loss (gain) arising during the year 1,555,000 (79,000) Amortization of net loss (746,000) (984,000) Total recognized in other comprehensive loss (income) $ 1,131,000 $ (1,063,000) Total recognized in net periodic benefit and other comprehensive loss (income) $ 1,760,000 $ (220,000)
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]	Presented below is the October 31, year-ended estimated amount that will be amortized from accumulated other comprehensive income over the next fiscal year: 2016 Initial net asset (obligation) $ – Prior service cost (45,000) Net loss (833,000) Total $ (878,000)
Schedule of Assumptions Used [Table Text Block]	The following assumptions, as of October 31, were used in determining benefit obligations and net periodic benefit cost: 2016 2015 Weighted-average assumptions used to determine benefit obligations: Discount rate 3.60 % 4.10 % Assumptions used to determine net periodic benefit cost: Discount rate 4.10 % 4.00 % Expected return on plan assets 6.50 % 7.00 % Additional year-end information: Projected benefit obligation $ 22,439,000 $ 21,051,000 Accumulated benefit obligation $ 22,439,000 $ 21,051,000 Fair value of plan assets $ 16,820,000 $ 16,692,000
Schedule of Expected Benefit Payments [Table Text Block]	Benefit payments are expected to be paid during the following fiscal years: 2017 $ 1,210,000 2018 1,243,000 2019 1,268,000 2020 1,272,000 2021 1,277,000 2022-2026 6,623,000 $ 12,893,000
Schedule of Allocation of Plan Assets [Table Text Block]	The following table sets forth the Plan’s assets as of October 31, 2016, segregated by level using the hierarchy established by FASB ASC 820, Fair Value Measurements and Disclosures Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 171,000 $ – $ – $ 171,000 Mutual funds 1,349,000 – – 1,349,000 Pooled funds – 15,300,000 – 15,300,000 $ 1,520,000 15,300,000 $ – $ 16,820,000

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	12 Months Ended
	Oct. 31, 2016
Other Liabilities Disclosure [Abstract]
Other Noncurrent Liabilities [Table Text Block]	Other long-term liabilities consist of the following at October 31: 2016 2015 Minimum pension liability $ 5,619,000 $ 4,359,000 Fair value of derivative instrument 461,000 935,000 Contingent consideration - 300,000 Deposit received for joint venture interest - 2,000,000 Deferred gain and other 47,000 47,000 $ 6,127,000 $ 7,641,000

Operating Lease Income (Tables)

Operating Lease Income (Tables)	12 Months Ended
	Oct. 31, 2016
Leases, Operating [Abstract]
Schedule Of Future Minimum Rental Receivables For Operating Leases [Table Text Block]	The future minimum lease payments to be received by the Company related to these net operating lease agreements as of October 31, 2016, are as follows: 2017 $ 1,675,000 2018 1,441,000 2019 930,000 2020 688,000 2021 287,000 Thereafter 1,249,000 $ 6,270,000

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Oct. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Minimum future lease payments are as follows: 2017 $ 1,317,000 2018 1,284,000 2019 498,000 2020 471,000 2021 471,000 Thereafter 2,295,000 $ 6,336,000

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Oct. 31, 2016
Stockholders' Equity Note [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: Performance Shares Year Ended October 31, Year Granted 2016 2015 2014 2012 34,721 $ - $ 33,000 $ 209,000 2013 27,091 - 237,000 237,000 2014 42,085 352,000 352,000 367,000 2015 27,424 140,000 130,000 - 2016 44,688 544,000 - - $ 1,036,000 $ 752,000 $ 813,000

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Oct. 31, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following table provides segment information for fiscal years 2016, 2015 and 2014: Year Ended October 31, 2016 2015 2014 Lemon operations: Revenues $ 85,267,000 $ 78,978,000 $ 79,726,000 Costs and expenses 66,558,000 61,766,000 59,412,000 Operating income 18,709,000 17,212,000 20,314,000 Other agribusiness: Revenues 20,863,000 16,146,000 18,796,000 Costs and expenses 12,725,000 12,079,000 12,086,000 Operating income 8,138,000 4,067,000 6,710,000 Lemon and other agribusiness depreciation and amortization 4,321,000 3,341,000 2,827,000 Total agribusiness operating income 22,526,000 17,938,000 24,197,000 Rental operations: Revenues 5,603,000 5,104,000 4,640,000 Costs and expenses 2,885,000 2,859,000 2,651,000 Depreciation and amortization 732,000 581,000 422,000 Operating income 1,986,000 1,664,000 1,567,000 Real estate development: Revenues 56,000 83,000 300,000 Costs and expenses 2,006,000 1,284,000 1,756,000 Depreciation and amortization 55,000 46,000 79,000 Operating loss (2,005,000) (1,247,000) (1,535,000) Selling, general and administrative expenses; (13,319,000) (13,772,000) (14,336,000) Total operating income $ 9,188,000 $ 4,583,000 $ 9,893,000 The following table sets forth revenues by category, by segment for fiscal years 2016, 2015 and 2014: Year Ended October 31, 2016 2015 2014 Lemon operations revenues $ 85,267,000 $ 78,978,000 $ 79,726,000 Avocados 10,767,000 7,132,000 7,374,000 Navel and Valencia oranges 6,143,000 5,626,000 7,616,000 Specialty citrus and other crops 3,953,000 3,388,000 3,806,000 Other agribusiness revenues 20,863,000 16,146,000 18,796,000 Residential and commercial rentals 3,555,000 2,892,000 2,454,000 Leased land 1,755,000 1,865,000 1,986,000 Organic recycling and other 293,000 347,000 200,000 Rental operations revenues 5,603,000 5,104,000 4,640,000 Real estate development revenues 56,000 83,000 300,000 Total revenues $ 111,789,000 $ 100,311,000 $ 103,462,000

Summary of Significant Accoun55

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Oct. 31, 2016
Land Improvements [Member] | Maximum [Member]
Property, plant and equipment, useful life	30 years
Land Improvements [Member] | Minimum [Member]
Property, plant and equipment, useful life	10 years
Building and Building Improvements [Member] | Maximum [Member]
Property, plant and equipment, useful life	50 years
Building and Building Improvements [Member] | Minimum [Member]
Property, plant and equipment, useful life	10 years
Equipment [Member] | Maximum [Member]
Property, plant and equipment, useful life	20 years
Equipment [Member] | Minimum [Member]
Property, plant and equipment, useful life	5 years
Orchards [Member] | Maximum [Member]
Property, plant and equipment, useful life	40 years
Orchards [Member] | Minimum [Member]
Property, plant and equipment, useful life	20 years

Summary of Significant Accoun56

Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Accounting Policies [Line Items]
Interest Costs Capitalized	$ 1,919,000	$ 2,534,000
Real Estate Inventory, Capitalized Interest Costs Incurred	6,870,000	7,979,000
Impairment of Real Estate	0	0	$ 435,000
Brokerage Commissions Revenue	263,000	114,000	115,000
Agribusiness Revenues From Crop Insurance Proceeds	83,000	9,000	184,000
Advertising Expense	264,000	364,000	308,000
Revenue, Net, Total	106,130,000	95,124,000	98,522,000
Allowance for Doubtful Accounts Receivable, Current	357,000	390,000
Adjustments for New Accounting Principle, Early Adoption [Member]
Accounting Policies [Line Items]
Debt Issuance Costs, Net	156,000
Avocado [Member]
Accounting Policies [Line Items]
Revenue, Net, Total	$ 10,767,000	$ 7,132,000	$ 7,374,000
Growers Payable [Member] | Sales Revenue, Net [Member]
Accounting Policies [Line Items]
Concentration Risk, Percentage	44.00%
Lemon [Member] | Supplier Concentration Risk [Member] | Sales Revenue, Net [Member]
Accounting Policies [Line Items]
Concentration Risk, Percentage	42.00%	36.00%	36.00%
Brokered Fruit Sales [Member]
Accounting Policies [Line Items]
Allowance for Doubtful Accounts Receivable, Current		$ 208,000
Pension Plan [Member]
Accounting Policies [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	3.60%	4.10%
Defined Benefit Plan, Actuarial Gain (Loss)	$ 1,290,000	$ (864,000)
Pension Plan [Member] | Minimum [Member]
Accounting Policies [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	3.60%
Pension Plan [Member] | Maximum [Member]
Accounting Policies [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	4.10%

Acquisitions (Details)

Acquisitions (Details)	Oct. 31, 2016USD ($)
Assets acquired
Building	$ 395,000
Land and improvements	260,000
Equipment	885,000
Customer relationships	160,000
Fair value of assets acquired	$ 1,700,000

Acquisition (Details Textual)

Acquisition (Details Textual)	1 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)a	Jun. 30, 2014USD ($)shares	Oct. 31, 2016USD ($)	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)
Business Acquisition [Line Items]
Payments to Acquire Land Held-for-use	$ 15,148,000
Increase in Restricted Cash	50,000
Payments to Acquire Businesses, Gross	$ 3,389,000		$ 15,098,000	$ 3,389,000	$ 0
Business Combination, Contingent Consideration, Liability, Noncurrent			0	300,000
Revenues, Total			111,789,000	100,311,000	103,462,000
Net Income (Loss) Attributable to Parent, Total			$ 8,058,000	$ 7,082,000	$ 6,991,000
Business Acquisition Area of Land Acquired | a	1,000
Marlin Packing Company [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Total		$ 1,700,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares		23,455
Payments to Acquire Businesses, Gross		$ 700,000
Business Combination, Contingent Consideration, Liability, Total		300,000
Business Combination, Contingent Consideration, Liability, Noncurrent		181,400
Revenues, Total		136,000
Net Income (Loss) Attributable to Parent, Total		522,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable		$ 518,600

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Oct. 31, 2016	Oct. 31, 2015
Assets at fair value:
Available- for -sale securities	$ 17,745,000	$ 18,508,000
Liabilities at fair value:
Derivative	1,151,000	1,702,000
Fair Value, Inputs, Level 1 [Member]
Assets at fair value:
Available- for -sale securities	17,745,000	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	1,151,000	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 (Deta60

Fair Value Measurements (Details Textual) - Calavo Growers Incorporated [Member] - $ / shares	Oct. 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	$ 59.15	$ 51.41
Investment Owned, Balance, Shares	300,000	360,000
Equity Method Investment, Ownership Percentage	1.70%	2.10%

Prepaid Expenses and Other Cu61

Prepaid Expenses and Other Current Assets (Details) - USD ($)	Oct. 31, 2016	Oct. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Line Items]
Prepaid insurance	$ 633,000	$ 598,000
Prepaid supplies	879,000	1,064,000
Fruit supplier advances	41,000	35,000
Deposits	61,000	129,000
Other	895,000	561,000
Prepaid Expense and Other Assets, Current	$ 2,509,000	$ 2,387,000

Property, Plant and Equipment62

Property, Plant and Equipment (Details) - USD ($)	Oct. 31, 2016	Oct. 31, 2015
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 232,302,000	$ 179,564,000
Less accumulated depreciation	(55,206,000)	(50,613,000)
Property, Plant and Equipment, Net, Total	177,096,000	128,951,000
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	76,418,000	48,211,000
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	22,458,000	19,998,000
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	38,811,000	20,655,000
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	45,775,000	28,624,000
Orchards [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	31,282,000	26,648,000
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 17,558,000	$ 35,428,000

Property, Plant and Equipment63

Property, Plant and Equipment (Details Textual) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Property, Plant and Equipment [Line Items]
Depreciation	$ 5,243,000	$ 4,086,000	$ 3,448,000
Reclassification Of Real Estate Development To Property Plant And Equipment	26,779,000	0	0
Revenues, Total	111,789,000	$ 100,311,000	$ 103,462,000
Windfall Investors, LLC [Member]
Property, Plant and Equipment [Line Items]
Revenues, Total	336,000
Vineyards [Member]
Property, Plant and Equipment [Line Items]
Reclassification Of Real Estate Development To Property Plant And Equipment	$ 2,273,000
Price Per Ton	$ 1,500
Land [Member]
Property, Plant and Equipment [Line Items]
Reclassification Of Real Estate Development To Property Plant And Equipment	$ 16,161,000
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Reclassification Of Real Estate Development To Property Plant And Equipment	4,746,000
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Reclassification Of Real Estate Development To Property Plant And Equipment	$ 3,599,000

Real Estate Development (Detail

Real Estate Development (Details) - USD ($)	Oct. 31, 2016	Oct. 31, 2015
Real Estate Properties [Line Items]
Real estate development assets	$ 77,136,000	$ 96,067,000
Templeton Santa Barbara, LLC [Member]
Real Estate Properties [Line Items]
Real estate development assets	11,039,000	11,039,000
Windfall Investors, LLC [Member]
Real Estate Properties [Line Items]
Real estate development assets	0	25,801,000
East Areas I and II [Member]
Real Estate Properties [Line Items]
Real estate development assets	$ 66,097,000	$ 59,227,000

Real Estate Development (Deta65

Real Estate Development (Details Textual)

1 Months Ended

3 Months Ended

12 Months Ended

Nov. 30, 2016USD ($)

Jan. 28, 2016USD ($)

Nov. 10, 2015USD ($)

Sep. 30, 2015USD ($)

Aug. 25, 2014USD ($)

Jan. 31, 2016USD ($)

Oct. 31, 2016USD ($)

Oct. 31, 2015USD ($)

Oct. 31, 2014USD ($)

Feb. 01, 2018USD ($)

Feb. 01, 2017USD ($)

Oct. 31, 2005a

Real Estate Properties [Line Items]

Proceeds from Lines of Credit

$ 3,100,000

Other Asset Impairment Charges

$ 435,000

Increase In Real Estate Development And Financing Liability

$ 3,349,000

$ 0

0

Payments to Acquire Equity Method Investments

2,890,000

9,000

1,758,000

Windfall Investors, LLC [Member]

Real Estate Properties [Line Items]

Real Estate Under Development Current And Noncurrent

26,779,000

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

1,161,000

21,000

17,000

SEC Schedule III, Real Estate, Period Increase (Decrease), Total

6,870,000

4,211,000

Payments to Acquire Equity Method Investments

$ 2,275,000

East Areas 1 and 2 [Member] | Subsequent Event [Member]

Real Estate Properties [Line Items]

Payments to Acquire Equity Method Investments

$ 1,150,000

East Area 1 [Member]

Real Estate Properties [Line Items]

Pro rata 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

174,000

167,000

$ 129,000

Centennial Square [Member]

Real Estate Properties [Line Items]

SEC Schedule III, Real Estate, Gross, Beginning Balance

2,983,000

Pacific Crest [Member]

Real Estate Properties [Line Items]

SEC Schedule III, Real Estate, Gross, Beginning Balance

3,370,000

Sevilla [Member]

Real Estate Properties [Line Items]

SEC Schedule III, Real Estate, Gross, Beginning Balance

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

$ 1,200,000

20,000,000

Proceeds from Sale of Equity Method Investments

$ 18,000,000

$ 2,000,000

$ 18,800,000

Payments of Financing Costs, Total

$ 2,100,000

Limoneira Lewis Community Builders, LLC Agreement [Member]

Real Estate Properties [Line Items]

Due from Joint Ventures

$ 500,000

Rental Income, Nonoperating

$ 12,000

Limoneira Lewis Community Builders, LLC Agreement [Member] | Scenario, Forecast [Member]

Real Estate Properties [Line Items]

Due from Joint Ventures

$ 250,000

$ 250,000

Equity Investments (Details)

Equity Investments (Details) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Schedule of Equity Method Investments [Line Items]
Assets	$ 53,566,000	$ 3,959,000	$ 7,052,000
Liabilities	2,755,000	1,113,000	2,471,000
Equity	50,811,000	2,846,000	4,581,000
Total liabilities and equity	53,566,000	3,959,000	7,052,000
Revenues	11,102,000	7,694,000	4,184,000
Expenses	7,914,000	5,731,000	2,935,000
Net income (loss)	3,188,000	1,963,000	1,249,000
Limco Del Mar Limited [Member]
Schedule of Equity Method Investments [Line Items]
Assets	1,244,000	1,204,000	2,623,000
Liabilities	0	0	0
Equity	1,244,000	1,204,000	2,623,000
Total liabilities and equity	1,244,000	1,204,000	2,623,000
Revenues	3,452,000	2,817,000	2,003,000
Expenses	910,000	876,000	910,000
Net income (loss)	2,542,000	1,941,000	1,093,000
Romney Property Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Assets	690,000	652,000	707,000
Liabilities	0	0	0
Equity	690,000	652,000	707,000
Total liabilities and equity	690,000	652,000	707,000
Revenues	11,000	13,000	6,000
Expenses	24,000	17,000	16,000
Net income (loss)	(13,000)	(4,000)	(10,000)
Rosales [Member]
Schedule of Equity Method Investments [Line Items]
Assets	4,300,000	2,103,000	3,722,000
Liabilities	2,719,000	1,113,000	2,471,000
Equity	1,581,000	990,000	1,251,000
Total liabilities and equity	4,300,000	2,103,000	3,722,000
Revenues	7,639,000	4,864,000	2,175,000
Expenses	6,979,000	4,838,000	2,009,000
Net income (loss)	660,000	26,000	166,000
LLC [Member]
Schedule of Equity Method Investments [Line Items]
Assets	47,332,000	0	0
Liabilities	36,000	0	0
Equity	47,296,000	0	0
Total liabilities and equity	47,332,000	0	0
Revenues	0	0	0
Expenses	1,000		0
Net income (loss)	$ (1,000)	$ 0	$ 0

Equity Investments (Details 1)

Equity Investments (Details 1) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Schedule of Equity Method Investments [Line Items]
Investment balance	$ 3,047,000	$ 3,638,000	$ 1,800,000
Equity earnings (losses)	634,000	243,000	263,000
Cash distributions	(642,000)	(843,000)	(183,000)
Investment contributions	3,215,000	9,000	1,758,000
Investment balance	6,254,000	3,047,000	3,638,000
Limco Del Mar Limited [Member]
Schedule of Equity Method Investments [Line Items]
Investment balance	1,004,000	1,338,000	1,265,000
Equity earnings (losses)	603,000	455,000	256,000
Cash distributions	(586,000)	(789,000)	(183,000)
Investment contributions	940,000	0	0
Investment balance	1,961,000	1,004,000	1,338,000
Romney Property Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Investment balance	531,000	535,000	535,000
Equity earnings (losses)	(9,000)	(13,000)	(8,000)
Cash distributions	0	0	0
Investment contributions	0	9,000	8,000
Investment balance	522,000	531,000	535,000
Rosales [Member]
Schedule of Equity Method Investments [Line Items]
Investment balance	1,512,000	1,765,000	0
Equity earnings (losses)	40,000	(199,000)	15,000
Cash distributions	(56,000)	(54,000)	0
Investment contributions	0	0	1,750,000
Investment balance	1,496,000	1,512,000	1,765,000
LLC [Member]
Schedule of Equity Method Investments [Line Items]
Investment balance	0	0	0
Equity earnings (losses)	0	0	0
Cash distributions	0	0	0
Investment contributions	2,275,000	0	0
Investment balance	$ 2,275,000	$ 0	$ 0

Equity Investments (Details Tex

Equity Investments (Details Textual) - USD ($)	Aug. 14, 2014	Nov. 30, 2016	Oct. 31, 2016	Dec. 31, 2015	Oct. 31, 2015	Dec. 31, 2014	Oct. 31, 2014	Oct. 31, 2007
Schedule of Equity Method Investments [Line Items]
Other Liabilities, Current			$ 8,577,000		$ 5,841,000
Payments to Acquire Equity Method Investments			2,890,000		9,000		$ 1,758,000
Goodwill			680,000		680,000
Finite-lived Intangible Assets Acquired			486,000
Amortization of Intangible Assets			$ 83,000		85,000		55,000
Limited Partner [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage			22.10%
Limco Del Mar Limited [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment Cash Receipts From Farm Management Orchard Land Development And Accounting Services			$ 146,000		150,000		141,000
Equity Method Investment Revenues Recognized From Lemon Packing Services			637,000		568,000		675,000
Other Liabilities, Current			$ 791,000		712,000
Limco Del Mar Limited [Member] | General Partner [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage			1.30%
Limco Del Mar Limited [Member] | Limited Partner [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage			26.80%
General Partners' Capital Account, Units Purchased			14,468
General Partners' Contributed Capital			$ 940,000
Payments to Acquire Limited Partnership Interests			$ 615,000
Limco Del Mar Limited [Member] | Limited Partner [Member] | Subsequent Event [Member]
Schedule of Equity Method Investments [Line Items]
Payments to Acquire Limited Partnership Interests		$ 325,000
Romney Property Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage			75.00%
Payments to Acquire Equity Method Investments								$ 489,000
Partners' Capital Account, Contributions			$ 0		9,000		8,000
Rosales [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	35.00%
Payments to Acquire Equity Method Investments	$ 1,750,000
Preferred Interest Provision Net Income Cash Distribution Percentage				40.00%		50.00%
Majority Interest Percentage With Right To Acquire At Fair Value	52.00%
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	$ 1,683,000
Goodwill	$ 343,000
Finite-lived Intangible Assets Acquired			1,340,000
Amortization of Intangible Assets			208,000		$ 208,000		$ 43,000
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months			206,000
Finite-Lived Intangible Assets, Amortization Expense, after Year Five			206,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two			206,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three			55,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four			$ 206,000

Investment in Calavo Growers,69

Investment in Calavo Growers, Inc. (Details Textual) - USD ($)	1 Months Ended	2 Months Ended	12 Months Ended
	Jun. 30, 2005	Jul. 31, 2016	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2009
Schedule of Available-for-sale Securities [Line Items]
Stock Issued During Period, Value, New Issues					$ 518,000
Proceeds from Sale of Available-for-sale Securities, Equity			$ 4,019,000	$ 6,433,000	0
Available-for-sale Securities, Gross Realized Gain (Loss)			3,419,000	5,033,000	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax			1,719,000	2,932,000	0
Calavo Growers, Inc [Member]
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		$ 4,019,000		4,850,000			$ 6,079,000
Available-for-sale Securities, Gross Realized Gain (Loss)		$ 3,419,000		5,033,000		$ 3,138,000	$ 2,729,000
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss) before Taxes			2,668,000	487,000	9,425,000
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss), Net of Tax, Total			1,619,000	$ 273,000	$ 5,790,000
Sale of Stock, Number of Shares Issued in Transaction		60,000		140,000		165,000
Sale of Stock, Price Per Share				$ 46
Proceeds from Sale of Available-for-sale Securities, Total				$ 6,433,000		$ 4,788,000
Available-for-sale Securities, Total				300,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax			2,830,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax			$ 1,719,000	$ 2,932,000

Other Assets (Details)

Other Assets (Details) - USD ($)	Oct. 31, 2016	Oct. 31, 2015
Regulatory Assets [Line Items]
Investments in mutual water companies	$ 4,327,000	$ 4,031,000
Acquired water and mineral rights	1,536,000	1,536,000
Deferred lease assets and other	930,000	1,404,000
Note receivable	612,000	589,000
Revolving funds and memberships	292,000	349,000
Acquired trade names and trademarks	341,000	446,000
Goodwill	680,000	680,000
Other Assets, Noncurrent	$ 8,718,000	$ 9,035,000

Other Assets (Details Textual)

Other Assets (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Apr. 30, 2005	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014	Apr. 01, 2014	Oct. 31, 2004
Deferred Rent Receivables, Net		$ 373,000	$ 586,000
Prepaid Expense Other, Noncurrent		79,000
Finite-Lived Intangible Assets, Net, Total		97,000	110,000
Finite-Lived Intangible Assets, Accumulated Amortization		125,000	112,000
Amortization of Intangible Assets		83,000	85,000	$ 55,000
Finite-lived Intangible Assets Acquired		486,000
Goodwill		680,000	680,000
Notes, Loans and Financing Receivable, Net, Noncurrent		612,000	589,000		$ 1,300,000	$ 161,000
Notes Reduction		0	1,535,000	0
Notes Receivable Parcel Of Land Sale [Member]
Notes Receivable Original Amount		$ 4,263,000
Payments Received On Notes Receivable	$ 2,963,000
Deferred Gain Portion Recognized In Income	$ 112,000		27,000
Notes Receivable Interest Rate		7.00%
Notes Receivable Basis Spread On Variable Rate		3.50%
Notes Receivable Percentage Of Net Operating Cash Flows Owed As Payment On Notes Receivable Through Twenty Fourteen		35.00%
Notes Receivable Percentage Of Net Operating Cash Flows Owed As Payment On Notes Receivable After Twenty Fourteen		50.00%
Notes Reduction Interest			824,000
Notes Reduction Principal			711,000
Notes Reduction			1,535,000
Debt Instrument, Increase, Accrued Interest		$ 23,000	40,000	60,000
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets, Accumulated Amortization		304,000
2,017		60,000
2,018		60,000
2,019		60,000
2,020		60,000
2,021		$ 60,000
Finite-Lived Intangible Asset, Useful Life		8 years
Patents [Member]
Amortization of Intangible Assets		$ 13,000	13,000	$ 13,000
2,017		13,000
2,018		13,000
2,019		13,000
2,020		13,000
2,021		13,000
Customer Relationships [Member]
Finite-Lived Intangible Assets, Accumulated Amortization			$ 201,000
Finite-lived Intangible Assets Acquired		160,000
2,017		24,000
2,018		$ 24,000
Finite-Lived Intangible Asset, Useful Life		5 years
Finite-Lived Intangible Assets, Period Increase (Decrease)		$ 20,000

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($)	Oct. 31, 2016	Oct. 31, 2015
Schedule of Accrued Liabilities [Line Items]
Compensation	$ 2,362,000	$ 1,655,000
Income taxes	0	180,000
Property taxes	520,000	541,000
Interest	277,000	263,000
Deferred rental income and deposits	633,000	892,000
Lease expense	296,000	827,000
Lemon supplier payables	1,242,000	788,000
Capital expenditures and other	1,091,000	718,000
Accrued Liabilities, Current	$ 6,421,000	$ 5,864,000

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($)	Oct. 31, 2016	Oct. 31, 2015
Debt Instrument [Line Items]
Less deferred financing costs	$ 171,000	$ 156,000
Total long-term debt, net	90,672,000	89,668,000
Less current portion	2,508,000	589,000
Long-term debt, less current portion	88,164,000	89,079,000
Rabobank Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total long-term debt, net	59,606,000	83,834,000
Farm Credit West Term Loan One [Member]
Debt Instrument [Line Items]
Total long-term debt, net	3,701,000	4,235,000
Farm Credit West Nonrevolving Line of Credit [Member]
Debt Instrument [Line Items]
Total long-term debt, net	0	492,000
Farm Credit West Term Loan Three [Member]
Debt Instrument [Line Items]
Total long-term debt, net	1,213,000	1,263,000
Farm Credit West Term Loan Four [Member]
Debt Instrument [Line Items]
Total long-term debt, net	9,822,000	0
Farm Credit West Term Loan Five [Member]
Debt Instrument [Line Items]
Total long-term debt, net	7,349,000	0
Wells Fargo Term Loan [Member]
Debt Instrument [Line Items]
Total long-term debt, net	9,152,000	0
Subtotal [Member]
Debt Instrument [Line Items]
Total long-term debt, net	$ 90,843,000	$ 89,824,000

Long-Term Debt (Parenthetical)

Long-Term Debt (Parenthetical) (Details)	12 Months Ended
	Oct. 31, 2016
Rabobank Revolving Credit Facility [Member]
LIBOR rate	0.52%
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 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%
Farm Credit West Term Loan Four [Member]
Debt Instrument, Maturity Date	Mar. 31, 2036
Debt Instrument, Interest Rate, Stated Percentage	4.70%
Farm Credit West Term Loan Five [Member]
Debt Instrument, Maturity Date	Mar. 31, 2036
Debt Instrument, Interest Rate, Stated Percentage	3.62%

Long-Term Debt (Details 1)

Long-Term Debt (Details 1) - USD ($)	Oct. 31, 2016	Oct. 31, 2015
2,017	$ 2,508,000
2,018	62,203,000
2,019	2,691,000
2,020	2,787,000
2,021	2,888,000
Thereafter	17,766,000
Long-term Debt, Total	$ 90,672,000	$ 89,668,000

Long-Term Debt (Details Textual

Long-Term Debt (Details Textual)	1 Months Ended	12 Months Ended
	Feb. 16, 2016USD ($)	Oct. 31, 2016USD ($)	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)
Debt Instrument [Line Items]
Interest Costs Capitalized		$ 1,919,000	$ 2,534,000
Deferred Finance Costs, Noncurrent, Net		171,000
Debt Instrument, Face Amount		$ 10,000,000
Prepayment Penalty Of Unpaid Balance		2.00%
Payments of Debt Issuance Costs	$ 44,000	$ 65,000	0	$ 106,000
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	100,000,000
Line of Credit Facility, Collateral Fees, Amount			$ 92,556,000
Debt Issuance Costs, Net		$ 21,000		$ 106,000
Farm Credit West Term Loan Four [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	10,000,000
Farm Credit West Term Loan Five [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 7,500,000

Derivative Instruments and He77

Derivative Instruments and Hedging Activities (Details) - Forward Interest Rate Swaps [Member] - USD ($)	Oct. 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	$ 1,151,000	$ 1,702,000

Derivative Instruments and He78

Derivative Instruments and Hedging Activities (Parenthetical) (Details)	12 Months Ended
	Oct. 31, 2016
Minimum [Member]
Debt Instrument [Line Items]
Derivative Maturity Month And Year	2013-07
Maximum [Member]
Debt Instrument [Line Items]
Derivative Maturity Month And Year	2018-06

Derivative Instruments and He79

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

Earnings per Share (Details)

Earnings per Share (Details) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Basic net income per common share:
Numerator: Net income applicable to common stock	$ 7,430,000	$ 6,447,000	$ 6,531,000
Denominator: Weighted average common shares-basic	14,168,000	14,119,000	14,055,000
Basic net income per common share	$ 0.52	$ 0.46	$ 0.46

Related-Party Transactions (Det

Related-Party Transactions (Details Textual)	Feb. 05, 2015USD ($)	Oct. 31, 2016USD ($)ashares	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)
Related Party Transaction [Line Items]
Operating Leases, Rent Expense, Net, Total		$ 2,049,000	$ 2,922,000	$ 3,390,000
Other Nonoperating Income (Expense), Total		$ 498,000	410,000	348,000
Management [Member]
Related Party Transaction [Line Items]
Land Subject to Ground Leases | a		31
Operating Leases, Rent Expense		$ 135,000	23,000	123,000
Minimum [Member]
Related Party Transaction [Line Items]
Lessor Leasing Arrangements, Operating Leases, Term of Contract		1 month
Maximum [Member]
Related Party Transaction [Line Items]
Lessor Leasing Arrangements, Operating Leases, Term of Contract		20 years
Employee [Member]
Related Party Transaction [Line Items]
Rental Income		$ 749,000	622,000	561,000
Mutual Water Companies [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party		1,287,000	1,357,000	1,232,000
Due to Related Parties		131,000	175,000
Cooperative Association [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party		1,659,000	1,567,000	1,425,000
Due to Related Parties		87,000	142,000
Board Of Directors [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party		2,246,000	1,472,000	1,583,000
Due to Related Parties		877,000	531,000
Calavo Growers, Inc. [Member]
Related Party Transaction [Line Items]
Rental Income		279,000	272,000	277,000
Related Party Transaction, Purchases from Related Party		517,000	162,000	658,000
Investment Income, Dividend		288,000	375,000	350,000
Calavo Growers, Inc. [Member] | Lemons [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties		0	67,000	0
Calavo Growers, Inc. [Member] | Avocado [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties		$ 10,767,000	7,132,000	7,374,000
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		$ 92,000	58,000	15,000
Professional Fees		30,000	148,000	82,000
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
Operating Leases, Rent Expense, Net, Total		92,000	58,000	15,000
Colorado River Growers [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties		282,000	218,000	345,000
Due from Related Parties		181,000	116,000
Payments for Advance to Affiliate		4,492,000	6,003,000	6,805,000
Yuma Mesa Irrigation And Drainage District [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party		132,000	125,000	119,000
Revenue from Related Parties		201,000	210,000	160,000
Lease Expense Per Acre		750
Other Nonoperating Income (Expense), Total		0	160,000	$ 184,000
Law Firm [Member]
Related Party Transaction [Line Items]
Due to Related Parties		6,000	42,000
Fenner Valley Farms, LLC [Member]
Related Party Transaction [Line Items]
Due to Related Parties		$ 25,000	$ 0
Limoneira Company Series B-2 convertible preferred stock [Member]
Related Party Transaction [Line Items]
Temporary Equity, Shares Issued | shares		9,300

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Current:
Federal	$ 1,736,000	$ (3,315,000)	$ (2,820,000)
State	(749,000)	(1,007,000)	(882,000)
Foreign	(59,000)	(2,000)	0
Total current benefit (provision)	928,000	(4,324,000)	(3,702,000)
Deferred:
Federal	(5,942,000)	343,000	80,000
State	(253,000)	7,000	49,000
Total deferred (provision) benefit	(6,195,000)	350,000	129,000
Total provision	$ (5,267,000)	$ (3,974,000)	$ (3,573,000)

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	Oct. 31, 2016	Oct. 31, 2015
Deferred income tax assets:
Labor accruals	$ 246,000	$ 246,000
State income taxes	293,000	337,000
Net operating losses	1,000	18,000
Prepaid insurance and other	69,000	38,000
Impairments of real estate development assets	3,147,000	3,152,000
Derivative instruments	452,000	669,000
Minimum pension liability adjustment	2,207,000	1,715,000
Amortization	462,000	683,000
Total deferred income tax assets	6,877,000	6,858,000
Deferred income tax liabilities:
Property taxes	(184,000)	(205,000)
Depreciation	(11,644,000)	(5,518,000)
Unrealized net gain on Calavo investment	(5,792,000)	(5,864,000)
Book and tax basis difference of acquired assets	(14,471,000)	(14,482,000)
Other	(114,000)	(214,000)
Total deferred income tax liabilities	(32,205,000)	(26,283,000)
Net deferred income tax liabilities	$ (25,328,000)	$ (19,425,000)

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Amount
Provision at statutory rates	$ (4,530,000)	$ (3,757,000)	$ (3,587,000)
State income tax, net of federal benefit	(733,000)	(614,000)	(552,000)
Dividend exclusion	72,000	94,000	83,000
Production deduction	50,000	495,000	461,000
Other permanent items	(126,000)	(192,000)	22,000
Income tax provision	$ (5,267,000)	$ (3,974,000)	$ (3,573,000)
Percent
Provision at statutory rates	(34.00%)	(34.00%)	(34.00%)
State income tax, net of federal benefit	(5.50%)	(5.50%)	(5.20%)
Dividend exclusion	0.50%	0.80%	0.80%
Production deduction	0.40%	4.50%	4.40%
Other permanent items	(0.90%)	(1.70%)	0.20%
Total income tax provision	(39.50%)	(35.90%)	(33.80%)

Income Taxes (Details Textual)

Income Taxes (Details Textual)	Oct. 31, 2016USD ($)
federal
Operating Loss Carryforwards	$ 30,000

Retirement Plans (Details)

Retirement Plans (Details) - Pension Plan [Member] - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Administrative expenses	$ 125,000	$ 135,000
Interest cost	835,000	852,000
Expected return on plan assets	(1,077,000)	(1,128,000)
Amortization of net loss	746,000	984,000
Net periodic benefit cost	$ 629,000	$ 843,000

Retirement Plans (Details 1)

Retirement Plans (Details 1) - Pension Plan [Member] - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Change in benefit obligation:
Benefit obligation at beginning of year	$ 21,051,000	$ 21,959,000
Administrative expenses	125,000	135,000
Interest cost	835,000	852,000
Plan amendments	322,000	0
Benefits paid	(1,184,000)	(1,031,000)
Actuarial loss (gain)	1,290,000	(864,000)
Benefit obligation at end of year	22,439,000	21,051,000
Change in plan assets:
Fair value of plan assets at beginning of year	16,692,000	17,005,000
Actual return on plan assets	812,000	343,000
Employer contributions	500,000	375,000
Benefits paid	(1,184,000)	(1,031,000)
Fair value of plan assets at end of year	16,820,000	16,692,000
Reconciliation of funded status:
Fair value of plan assets	16,820,000	16,692,000
Benefit obligations	22,439,000	21,051,000
Net plan obligations	(5,619,000)	(4,359,000)
Amounts recognized in statements of financial position:
Noncurrent assets	0	0
Current liabilities	0	0
Noncurrent liabilities	(5,619,000)	(4,359,000)
Net obligation recognized in statements of financial position	(5,619,000)	(4,359,000)
Reconciliation of amounts recognized in statements of financial position:
Prior service cost	(322,000)	0
Net loss	(8,823,000)	(8,015,000)
Accumulated other comprehensive loss	(9,145,000)	(8,015,000)
Accumulated contributions in excess of net periodic benefit cost	3,526,000	3,656,000
Net deficit recognized in statements of financial position	$ (5,619,000)	$ (4,359,000)

Retirement Plans (Details 2)

Retirement Plans (Details 2) - Pension Plan [Member] - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Changes recognized in other comprehensive income:
New prior service cost	$ 322,000	$ 0
Net loss (gain) arising during the year	1,555,000	(79,000)
Amortization of net loss	(746,000)	(984,000)
Total recognized in other comprehensive loss (income)	1,131,000	(1,063,000)
Total recognized in net periodic benefit and other comprehensive loss (income)	$ 1,760,000	$ (220,000)

Retirement Plans (Details 3)

Retirement Plans (Details 3) - Pension Plan [Member]	12 Months Ended
	Oct. 31, 2016USD ($)
Initial net asset (obligation)	$ 0
Prior service cost	(45,000)
Net loss	(833,000)
Total	$ (878,000)

Retirement Plans (Details 4)

Retirement Plans (Details 4) - Pension Plan [Member] - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Weighted-average assumptions used to determine benefit obligations:
Discount rate	3.60%	4.10%
Assumptions used to determine net periodic benefit cost:
Discount rate	4.10%	4.00%
Expected return on plan assets	6.50%	7.00%
Additional year-end information:
Projected benefit obligation	$ 22,439,000	$ 21,051,000	$ 21,959,000
Accumulated benefit obligation	22,439,000	21,051,000
Fair value of plan assets	$ 16,820,000	$ 16,692,000	$ 17,005,000

Retirement Plans (Details 5)

Retirement Plans (Details 5) - Pension Plan [Member]	Oct. 31, 2016USD ($)
2,017	$ 1,210,000
2,018	1,243,000
2,019	1,268,000
2,020	1,272,000
2,021	1,277,000
2022-2026	6,623,000
Total	$ 12,893,000

Retirement Plans (Details 6)

Retirement Plans (Details 6) - Pension Plan [Member] - USD ($)	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Fair value of plan assets	$ 16,820,000	$ 16,692,000	$ 17,005,000
Cash and Cash Equivalents [Member]
Fair value of plan assets	171,000
Mutual Funds [Member]
Fair value of plan assets	1,349,000
Pooled Funds [Member]
Fair value of plan assets	15,300,000
Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	1,520,000
Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents [Member]
Fair value of plan assets	171,000
Fair Value, Inputs, Level 1 [Member] | Mutual Funds [Member]
Fair value of plan assets	1,349,000
Fair Value, Inputs, Level 1 [Member] | Pooled Funds [Member]
Fair value of plan assets	0
Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	15,300,000
Fair Value, Inputs, Level 2 [Member] | Cash and Cash Equivalents [Member]
Fair value of plan assets	0
Fair Value, Inputs, Level 2 [Member] | Mutual Funds [Member]
Fair value of plan assets	0
Fair Value, Inputs, Level 2 [Member] | Pooled Funds [Member]
Fair value of plan assets	15,300,000
Fair Value, Inputs, Level 3 [Member]
Fair value of plan assets	0
Fair Value, Inputs, Level 3 [Member] | Cash and Cash Equivalents [Member]
Fair value of plan assets	0
Fair Value, Inputs, Level 3 [Member] | Mutual Funds [Member]
Fair value of plan assets	0
Fair Value, Inputs, Level 3 [Member] | Pooled Funds [Member]
Fair value of plan assets	$ 0

Retirement Plans (Details Textu

Retirement Plans (Details Textual) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension Contributions	$ 500,000	$ 375,000
Pension Plan [Member] | Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations	3.00%
Pension Plan [Member] | Fixed Income Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations	47.00%
Pension Plan [Member] | Domestic Investments [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	35.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	40.00%
Pension Plan [Member] | International Investments [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	10.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	15.00%
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	4.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	100.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	4.00%
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	20.00%
Defined Contribution Plan, Cost Recognized	$ 823,000	$ 775,000	$ 647,000
Defined Contribution Plan Requisite Service Period	1 year
Deferred Compensation Arrangement with Individual, Requisite Service Period	6 years

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($)	Oct. 31, 2016	Oct. 31, 2015
Other Long-Term Liabilities [Line Items]
Minimum pension liability	$ 5,619,000	$ 4,359,000
Fair value of derivative instrument	461,000	935,000
Contingent consideration	0	300,000
Deposit received for joint venture interest	0	2,000,000
Deferred gain and other	47,000	47,000
Other long-term liabilities	$ 6,127,000	$ 7,641,000

Operating Lease Income (Details

Operating Lease Income (Details)	Oct. 31, 2016USD ($)
Property Subject to or Available for Operating Lease [Line Items]
2,017	$ 1,675,000
2,018	1,441,000
2,019	930,000
2,020	688,000
2,021	287,000
Thereafter	1,249,000
Total	$ 6,270,000

Operating Lease Income (Detai96

Operating Lease Income (Details Textual) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Property Subject to or Available for Operating Lease [Line Items]
Contingent rental revenue	$ 195,000	$ 135,000	$ 200,000
Land [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property subject to operating leases, gross	1,529,000
Building and Building Improvements [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property subject to operating leases, gross	21,997,000
Property subject to operating leases, accumulated depreciation	$ 6,081,000
Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Lease term	1 month
Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Lease term	20 years

Commitments and Contingencies97

Commitments and Contingencies (Details)	Oct. 31, 2016USD ($)
Operating Leased Assets [Line Items]
2,017	$ 1,317,000
2,018	1,284,000
2,019	498,000
2,020	471,000
2,021	471,000
Thereafter	2,295,000
Total	$ 6,336,000

Commitments and Contingencies98

Commitments and Contingencies (Details Textual)	Feb. 05, 2015USD ($)	Oct. 31, 2016USD ($)shares	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)
Operating Leased Assets [Line Items]
Lease expense		$ 2,049,000	$ 2,922,000	$ 3,390,000
Deferred rent assets		373,000	586,000
Utility rebate from solar arrays		0	0	91,000
Letters of credit, amount outstanding		137,000
Photovoltaic Generator One [Member]
Operating Leased Assets [Line Items]
Purchase option, purchase price		$ 1,125,000
Lease term		10 years
Photovoltaic Generator Two [Member]
Operating Leased Assets [Line Items]
Purchase option, purchase price		$ 1,275,000
Lease term		10 years
Deferred rent assets		$ 436,000	664,000
Lindsay, California Property [Member]
Operating Leased Assets [Line Items]
Lease expense		$ 202,000	1,137,000	1,641,000
Lease term		10 years
Base rent per year		$ 500
Lease term, renewal		5 years
Fenner Valley Farms, LLC [Member]
Operating Leased Assets [Line Items]
Number of renewal options		4
Due to Related Parties		$ 25,000	0
Cadiz [Member]
Operating Leased Assets [Line Items]
Lease expense		$ 92,000	58,000	15,000
Related Party Transaction, Purchases from Related Party	$ 1,212,000
Limoneira Company Series B-2 convertible preferred stock [Member]
Operating Leased Assets [Line Items]
Temporary Equity, Shares Issued | shares		9,300
Minimum [Member] | Cadiz [Member]
Operating Leased Assets [Line Items]
Lease Expense Per Acre		$ 200
Maximum [Member]
Operating Leased Assets [Line Items]
Lease term		20 years
Maximum [Member] | Cadiz [Member]
Operating Leased Assets [Line Items]
Lease expense		$ 92,000	$ 58,000	$ 15,000
Lease Expense Per Acre		$ 1,200

Series B and Series B-2 Prefe99

Series B and Series B-2 Preferred Stock (Details Textual) - USD ($)	1 Months Ended		12 Months Ended
	Apr. 30, 2016	Sep. 30, 2015	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Temporary Equity [Line Items]
Issuance of preferred stock			$ 0	$ 0	$ 9,300,000
Common Stock [Member]
Temporary Equity [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion	6,250	6,250
Series B Preferred Stock [Member]
Temporary Equity [Line Items]
Preferred stock, par value per share			$ 100
Preferred stock, shares issued			30,000
Cumulative cash dividend percentage			8.75%	8.75%
Conversion price			$ 8
Conversion of Stock, Shares Converted	500	500
Series B-2 Convertible Preferred Stock [Member]
Temporary Equity [Line Items]
Issuance of preferred stock			$ 9,300,000
Preferred stock, par value per share			$ 100
Preferred stock, shares issued			9,300
Cumulative cash dividend percentage			4.00%	4.00%
Terms of conversion			Each share of the Series B-2 Preferred Stock is convertible into common stock at a conversion price equal to the greater of (a) the then-market price of the Companys common stock based upon the closing price of the Companys common stock on the NASDAQ Stock Market, LLC or on such other principal market on which the Companys common stock may then be trading and (b) $15.00 per share of common stock. Shares of the Series B-2 Preferred Stock may be converted into common stock (i) at any time prior to the redemption thereof, or (ii) in the event the Option Agreement (as defined below) is terminated without all of the shares of Series B-2 Preferred Stock having been redeemed, within 30 calendar days following such termination
Dividend payment terms			quarterly
Liquidation preference per share			$ 1,000	$ 1,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Stock Compensation Plan [Member] - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Share-based compensation expense	$ 1,036,000	$ 752,000	$ 813,000
2,012
Share-based compensation expense	$ 0	33,000	209,000
Shares granted	34,721
2,013
Share-based compensation expense	$ 0	237,000	237,000
Shares granted	27,091
2,014
Share-based compensation expense	$ 352,000	352,000	367,000
Shares granted	42,085
2,015
Share-based compensation expense	$ 140,000	130,000	0
Shares granted	27,424
2,016
Share-based compensation expense	$ 544,000	$ 0	$ 0
Shares granted	44,688

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - USD ($)	Dec. 15, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2007
Class of Stock [Line Items]
Dividends Payable, Date Declared	Dec. 15, 2016
Dividends Payable, Date to be Paid	Jan. 17, 2017
Donation of common stock						$ 100,000	$ 100,000
Donation of common stock, expense					$ 0	100,000	100,000
Dividends Payable, Amount Per Share	$ 0.055
Dividends Payable	$ 782,000
Dividends Payable, Date of Record	Dec. 27, 2016
Common Stock [Member]
Class of Stock [Line Items]
Donation of common stock						$ 0	$ 0
Donation of common stock, shares						4,498	4,552
Management [Member]
Class of Stock [Line Items]
Shares exchanged for payroll tax					12,433	10,907	6,619
Fair value of shares exchanged					$ 190,000	$ 275,000	$ 176,000
Stock Compensation Plan [Member]
Class of Stock [Line Items]
Share-based compensation expense					1,036,000	752,000	813,000
Stock Compensation Plan [Member] | Management [Member]
Class of Stock [Line Items]
Shares granted			27,424	42,085
Common stock per share			$ 15.29	$ 25.35
Cost from stock compensation					890,000	410,000	1,071,000
Share-based compensation expense					$ 544,000	$ 130,000	$ 367,000
Unrecognized compensation cost, recognition period					2 years	2 years	2 years
Stock Compensation Plan [Member] | Management [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Shares granted		44,688
Common stock per share		$ 19.92
Stock Compensation Plan [Member] | Nonemployee Directors [Member]
Class of Stock [Line Items]
Shares granted					21,905	15,077	13,587
Share-based compensation expense					$ 273,000	$ 325,000	$ 303,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized								20,000
Preferred Stock, Par or Stated Value Per Share								$ 0.01
Dividends Payable, Date Declared								Oct. 31, 2006
Dividends Payable, Date to be Paid								Dec. 20, 2006

Fruit Growers Supply Coopera102

Fruit Growers Supply Cooperative (Details Textual) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Total amount of allocated after tax earnings from cooperative supply corporation	$ 729,000	$ 729,000
Amount of dividends received from cooperative supply corporation, recorded as reductions against agribusiness expenses	0	$ 0	$ 67,000
Amount of refund being sought by cooperative supply corporation	$ 586,000
Percent of dividends assigned to claim	50.00%
Loss Contingency Accrual, Beginning Balance	$ 251,000

Segment Information (Details)

Segment Information (Details) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Segment Reporting Information [Line Items]
Revenues	$ 111,789,000	$ 100,311,000	$ 103,462,000
Depreciation and amortization	5,339,000	4,184,000	3,516,000
Selling, general and administrative expenses	(13,319,000)	(13,772,000)	(14,336,000)
Operating income (loss)	9,188,000	4,583,000	9,893,000
Lemon operations [Member]
Segment Reporting Information [Line Items]
Revenues	85,267,000	78,978,000	79,726,000
Costs and expenses	66,558,000	61,766,000	59,412,000
Operating income (loss)	18,709,000	17,212,000	20,314,000
Other agribusiness [Member]
Segment Reporting Information [Line Items]
Revenues	20,863,000	16,146,000	18,796,000
Costs and expenses	12,725,000	12,079,000	12,086,000
Operating income (loss)	8,138,000	4,067,000	6,710,000
Rental Operations [Member]
Segment Reporting Information [Line Items]
Revenues	5,603,000	5,104,000	4,640,000
Costs and expenses	2,885,000	2,859,000	2,651,000
Depreciation and amortization	732,000	581,000	422,000
Operating income (loss)	1,986,000	1,664,000	1,567,000
Real Estate Development [Member]
Segment Reporting Information [Line Items]
Revenues	56,000	83,000	300,000
Costs and expenses	2,006,000	1,284,000	1,756,000
Depreciation and amortization	55,000	46,000	79,000
Operating income (loss)	(2,005,000)	(1,247,000)	(1,535,000)
Lemon and other agribusiness [Member]
Segment Reporting Information [Line Items]
Lemon and other agribusiness depreciation and amortization	4,321,000	3,341,000	2,827,000
Operating income (loss)	$ 22,526,000	$ 17,938,000	$ 24,197,000

Segment Information (Details 1)

Segment Information (Details 1) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	$ 106,130,000	$ 95,124,000	$ 98,522,000
Rental operations revenues	5,603,000	5,104,000	4,640,000
Real estate development revenues	56,000	83,000	300,000
Total revenues	111,789,000	100,311,000	103,462,000
Lemon operations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	85,267,000	78,978,000	79,726,000
Other agribusiness [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	20,863,000	16,146,000	18,796,000
Avocados [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	10,767,000	7,132,000	7,374,000
Navel and Valencia oranges [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	6,143,000	5,626,000	7,616,000
Specialty citrus and other crops [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	3,953,000	3,388,000	3,806,000
Residential And Commercial Rentals [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	3,555,000	2,892,000	2,454,000
Leased Land [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	1,755,000	1,865,000	1,986,000
Organic recycling and other [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	$ 293,000	$ 347,000	$ 200,000

Segment Information (Details Te

Segment Information (Details Textual) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Segment Reporting Information [Line Items]
Reclassification Of Real Estate Development To Property Plant And Equipment	$ 26,779,000	$ 0	$ 0
Operating Income (Loss), Total	9,188,000	4,583,000	9,893,000
Real Estate Development And Sales [Member]
Segment Reporting Information [Line Items]
Reclassification Of Real Estate Development To Property Plant And Equipment	26,779,000
Operating Income (Loss), Total	(2,005,000)	(1,247,000)	(1,535,000)
Windfall Investors, LLC [Member] | Real Estate Development And Sales [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss), Total	$ 669,000	$ 1,052,000	$ 954,000

Sale of Property (Details Textu

Sale of Property (Details Textual)	1 Months Ended	12 Months Ended
	Aug. 31, 2015USD ($)	Oct. 31, 2016USD ($)	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)	Aug. 21, 2015a
Acquisitions And Sale Of Property [Line Items]
Acres Of Land Sold | a					52
Proceeds from Sale of Land Held-for-use | $	$ 2,750,000	$ 0	$ 2,712,000	$ 0
Gain (Loss) on Disposition of Property Plant Equipment, Total | $	$ 935,000
Avocado [Member]
Acquisitions And Sale Of Property [Line Items]
Acres Of Land Sold | a					33

Sale Of Conservation Easement (

Sale Of Conservation Easement (Details Textual)	12 Months Ended
	Oct. 31, 2016USD ($)a	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)
Area of Land | a	235
Proceeds from Sale of Intangible Assets	$ 995,000	$ 0	$ 0
Gain (Loss) on Disposition of Intangible Assets	$ 995,000	$ 0	$ 0