Limoneira (LMNR) 10-Q 8 Jun 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Apr. 30, 2017	May 31, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Entity Registrant Name	Limoneira CO
Entity Central Index Key	1,342,423
Current Fiscal Year End Date	--10-31
Entity Filer Category	Accelerated Filer
Trading Symbol	LMNR
Entity Common Stock, Shares Outstanding		14,405,031

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Current assets:
Cash	$ 228,000	$ 38,000
Accounts receivable, net	14,804,000	9,298,000
Cultural costs	1,793,000	3,844,000
Prepaid expenses and other current assets	3,287,000	2,509,000
Income taxes receivable	0	2,810,000
Total current assets	20,112,000	18,499,000
Property, plant and equipment, net	184,595,000	177,096,000
Real estate development	80,728,000	77,136,000
Equity in investments	11,282,000	6,254,000
Investment in Calavo Growers, Inc.	19,680,000	17,745,000
Other assets	10,742,000	8,718,000
Total Assets	327,139,000	305,448,000
Current liabilities:
Accounts payable	7,071,000	5,555,000
Growers payable	7,278,000	8,577,000
Accrued liabilities	3,994,000	6,421,000
Fair value of derivative instrument	504,000	690,000
Current portion of long-term debt	2,814,000	2,508,000
Total current liabilities	21,661,000	23,751,000
Long-term liabilities:
Long-term debt, less current portion	105,507,000	88,164,000
Deferred income taxes	27,186,000	25,328,000
Other long-term liabilities	5,378,000	6,127,000
Sale-leaseback deferral	26,329,000	23,349,000
Total liabilities	186,061,000	166,719,000
Commitments and contingencies
Stockholders’ equity:
Common Stock - $.01 par value (39,000,000 shares authorized: 14,367,006 and 14,178,226 shares issued and outstanding at April 30, 2017 and October 31, 2016, respectively)	144,000	142,000
Additional paid-in capital	93,542,000	91,841,000
Retained earnings	31,398,000	31,812,000
Accumulated other comprehensive income	4,243,000	2,703,000
Noncontrolling interest	637,000	0
Total stockholders’ equity	129,964,000	126,498,000
Total Liabilities and Stockholders’ Equity	327,139,000	305,448,000
Series B Convertible Preferred Stock [Member]
Long-term liabilities:
Convertible Preferred Stock	1,783,000	2,900,000
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	6 Months Ended	12 Months Ended
	Apr. 30, 2017	Oct. 31, 2016
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	39,000,000	39,000,000
Common Stock, Shares, Issued	14,367,006	14,178,226
Common Stock, Shares, Outstanding	14,367,006	14,178,226
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	17,832	29,000
Preferred Stock, Shares Outstanding	17,832	29,000
Preferred Stock, Dividend Rate, Percentage	8.75%	8.75%
Series B-2 Convertible Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 100	$ 100
Preferred Stock, Shares Authorized	10,000	10,000
Preferred Stock, Shares Issued	9,300	9,300
Preferred Stock, Shares Outstanding	9,300	9,300
Preferred Stock, Dividend Rate, Percentage	4.00%	4.00%
Temporary Equity, Liquidation Preference Per Share	$ 1,000	$ 1,000
Series A Junior Participating Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	20,000	20,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Net revenues:
Agribusiness	$ 35,417,000	$ 25,946,000	$ 62,186,000	$ 49,513,000
Rental operations	1,476,000	1,411,000	2,799,000	2,819,000
Real estate development	0	8,000	0	20,000
Total net revenues	36,893,000	27,365,000	64,985,000	52,352,000
Costs and expenses:
Agribusiness	26,455,000	21,238,000	52,799,000	46,710,000
Rental operations	950,000	873,000	2,005,000	1,822,000
Real estate development	40,000	195,000	125,000	1,631,000
Impairments of real estate development assets	120,000	0	120,000	0
Selling, general and administrative	3,116,000	2,844,000	6,963,000	6,308,000
Total costs and expenses	30,681,000	25,150,000	62,012,000	56,471,000
Operating income (loss)	6,212,000	2,215,000	2,973,000	(4,119,000)
Other income (expense):
Interest expense, net	(417,000)	(344,000)	(851,000)	(563,000)
Equity in losses of investments	(141,000)	(143,000)	(67,000)	(29,000)
Other income (expense), net	40,000	56,000	327,000	416,000
Total other expense	(518,000)	(431,000)	(591,000)	(176,000)
Income (loss) before income tax (provision) benefit	5,694,000	1,784,000	2,382,000	(4,295,000)
Income tax (provision) benefit	(2,158,000)	(562,000)	(918,000)	1,605,000
Net income (loss)	3,536,000	1,222,000	1,464,000	(2,690,000)
Net loss attributable to noncontrolling interest	4,000	0	4,000	0
Net income (loss) applicable to Limoneira Company	3,540,000	1,222,000	1,468,000	(2,690,000)
Preferred dividends	(155,000)	(157,000)	(310,000)	(315,000)
Net income (loss) applicable to common stock	$ 3,385,000	$ 1,065,000	$ 1,158,000	$ (3,005,000)
Basic net income (loss) per common share	$ 0.24	$ 0.08	$ 0.08	$ (0.21)
Diluted net income (loss) per common share	0.24	0.08	0.08	(0.21)
Dividends per common share	$ 0.06	$ 0.05	$ 0.11	$ 0.1
Weighted-average common shares outstanding-basic	14,269,000	14,174,000	14,236,000	14,159,000
Weighted-average common shares outstanding-diluted	14,719,000	14,174,000	14,236,000	14,159,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Net income (loss)	$ 3,536,000	$ 1,222,000	$ 1,464,000	$ (2,690,000)
Other comprehensive income, net of tax:
Foreign currency translation adjustments	(226,000)	0	(226,000)	0
Minimum pension liability adjustment	126,000	113,000	252,000	226,000
Unrealized holding gains on security available-for-sale	1,870,000	1,184,000	1,173,000	1,260,000
Unrealized gains from derivative instrument	138,000	96,000	341,000	97,000
Total other comprehensive income, net of tax	1,908,000	1,393,000	1,540,000	1,583,000
Comprehensive income (loss)	5,444,000	2,615,000	3,004,000	(1,107,000)
Net loss attributable to noncontrolling interest	4,000	0	4,000	0
Comprehensive income (loss) - Limoneira Company	$ 5,448,000	$ 2,615,000	$ 3,008,000	$ (1,107,000)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Operating activities
Net income (loss)	$ 1,464,000	$ (2,690,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	3,191,000	2,413,000
Impairments of real estate development assets	120,000	0
Loss on disposals of assets	215,000	30,000
Stock compensation expense	880,000	513,000
Equity in losses of investments	67,000	29,000
Cash distributions from equity investments	134,000	0
Accrued interest on note receivable	(12,000)	(10,000)
Changes in operating assets and liabilities:
Accounts receivable	(5,408,000)	(4,584,000)
Cultural costs	2,498,000	2,496,000
Prepaid expenses and other current assets	(524,000)	(541,000)
Income taxes receivable	2,810,000	(1,453,000)
Other assets	136,000	258,000
Accounts payable and growers payable	(627,000)	(577,000)
Accrued liabilities	(2,440,000)	(1,940,000)
Other long-term liabilities	43,000	189,000
Net cash provided by (used in) operating activities	2,547,000	(5,867,000)
Investing activities
Capital expenditures	(5,676,000)	(9,936,000)
Proceeds from sale of LLC Interest	0	18,000,000
Business combination	(5,800,000)	0
Agricultural property acquisition	0	(15,098,000)
Equity investment contributions	(4,450,000)	(450,000)
Investments in mutual water companies	(29,000)	(13,000)
Net cash used in investing activities	(15,955,000)	(7,497,000)
Financing activities
Borrowings of long-term debt	66,866,000	104,254,000
Repayments of long-term debt	(51,094,000)	(88,918,000)
Dividends paid - common	(1,570,000)	(1,416,000)
Dividends paid - preferred	(310,000)	(315,000)
Exchange of common stock	(294,000)	(190,000)
Payments of debt financing costs	0	(44,000)
Net cash provided by financing activities	13,598,000	13,371,000
Net increase in cash	190,000	7,000
Cash at beginning of period	38,000	39,000
Cash at end of period	228,000	46,000
Supplemental disclosures of cash flow information
Cash paid during the period for interest (net of amounts capitalized)	1,102,000	692,000
Cash paid during the period for income taxes, net of (refunds)	(1,900,000)	5,000
Non-cash investing and financing activities:
Unrealized holding gain on Calavo investment	(1,935,000)	(2,074,000)
Increase in real estate development and sale-leaseback deferral	2,980,000	1,591,000
Settlement of lease obligation related to agriculture property acquisition	0	(739,000)
Capital expenditures accrued but not paid at period-end	424,000	137,000
Accrued interest on note receivable	12,000	10,000
Accrued contribution obligation of investment in water company	315,000	270,000
Accrued Series B-2 Convertible Preferred Stock dividends	$ 31,000	$ 31,000

Consolidated Statements of Cas7

Consolidated Statements of Cash Flows (Parenthetical) - USD ($)	1 Months Ended						6 Months Ended
	May 31, 2017	Apr. 30, 2017	Feb. 24, 2017	Nov. 30, 2016	Apr. 30, 2016	Sep. 30, 2015	Apr. 30, 2017	Apr. 30, 2016
Conversion of Stock [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired, Total			$ 5,800,000				$ 5,800,000	$ 0
Fruticola Pan de Azucar S.A. [Member]
Conversion of Stock [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired			90.00%
Payments to Acquire Businesses, Net of Cash Acquired, Total			$ 5,800,000
Common Stock [Member]
Conversion of Stock [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion		130,662		8,937	6,250	6,250	130,662	6,250
Series B Preferred Stock [Member]
Conversion of Stock [Line Items]
Conversion of Stock, Shares Converted	3,042	10,453		715	500	500
Convertible Preferred Stock, Shares Issued upon Conversion	38,025	130,662					130,662

Business

Business	6 Months Ended
	Apr. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations [Text Block]	1. Business Limoneira Company, a Delaware corporation (the “Company”), engages primarily in growing citrus and avocados, picking and hauling citrus and packing, marketing and selling lemons. The Company is also engaged in residential rentals and other rental operations and real estate development activities. The Company markets and sells lemons directly to food service, wholesale and retail customers throughout the United States, Canada, Asia and other international markets. The Company is a member of Sunkist Growers, Inc. (“Sunkist”), an agricultural marketing cooperative, and sells a portion of its oranges, specialty citrus and other crops to Sunkist-licensed and other third-party packinghouses. The Company sells all of its avocado production to Calavo Growers, Inc. (“Calavo”), a packing and marketing company listed on NASDAQ under the symbol CVGW. Calavo’s customers include many of the largest retail and food service companies in the United States and Canada. The Company’s avocados are packed by Calavo, sold and distributed under Calavo brands to its customers. The unaudited interim consolidated financial statements include the accounts of the Company and the accounts of all the subsidiaries and investments in which a controlling interest is held by the Company. The unaudited interim consolidated financial statements represent the consolidated balance sheets, consolidated statements of operations, consolidated statements of comprehensive income (loss) and consolidated statements of cash flows of the Company and its wholly-owned subsidiaries. The Company’s material subsidiaries include: Limoneira Mercantile, LLC, Windfall Investors, LLC (“Windfall”), Templeton Santa Barbara, LLC, Associated Citrus Packers, Inc. (“Associated”), Limoneira Chile, SpA, Limoneira EA1 Land, LLC and Fruticola Pan de Azucar S.A. (“PDA”), in which the Company has a 90 Consolidations

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Apr. 30, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies PDA’s functional currency is the Chilean Peso. Its balance sheet is translated to U.S. dollars at exchange rates in effect at the balance sheet date and its income statement is translated at average exchange rates during the reporting period. The resulting foreign currency translation adjustments are recorded as a separate component of accumulated other comprehensive income. Financial Accounting Standards Board – Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition – Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and tangible assets within the scope of Topic 350, Intangibles – Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: ⋅ Identify the contract(s) with a customer. ⋅ Identify the performance obligations in the contract. ⋅ Determine the transaction price. ⋅ Allocate the transaction price to the performance obligations in the contract. ⋅ Recognize revenue when (or as) the entity satisfies a performance obligation. 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. The Company currently anticipates adopting the standard in the first quarter of its fiscal year ending October 31, 2019 and anticipates using the modified retrospective method. The Company has begun to inventory and evaluate its revenue streams and related contracts with customers. The Company continues to evaluate 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. The Company’s adoption of this ASU had no impact on its consolidated financial statements. 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. Early adoption is permitted. The Company’s early adoption of this ASU on November 1, 2016 resulted in a cumulative effect provision of $ 21,000 FASB Accounting Standards Update No. 2016-01, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The amendments in ASU 2016-01, among other things, requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets (i.e., securities or loans and receivables). Eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate fair value that is required to be disclosed for financial instruments measured at amortized cost. ASU 2016-01 is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements.

Acquisitions

Acquisitions	6 Months Ended
	Apr. 30, 2017
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	3. Acquisitions Business Combination On February 24, 2017 (the “Acquisition Date”), the Company completed the acquisition of 90 5,800,000 1,700,000 210 9,504,000 13 35 47 10 53 450,000 1,900,000 57,000 Below is a summary of the preliminary fair value of the net assets acquired on the Acquisition Date based on a third-party valuation, which is considered a Level 3 fair value measurement under FASB ASC 820, Fair Value Measurements and Disclosures Cultural costs $ 473,000 Other current assets 166,000 Land and land improvements 2,748,000 Buildings and equipment 206,000 Orchards 2,876,000 Investment in Rosales 828,000 Water rights 1,120,000 Deposit for land purchase 645,000 Goodwill 442,000 Total assets acquired 9,504,000 Current liabilities (327,000) Current and long-term debt (1,759,000) Deferred income taxes (974,000) Noncontrolling interest (644,000) Net cash paid $ 5,800,000 Revenue of $ 223,000 43,000 The unaudited, pro forma consolidated statement of operations as if PDA had been included in the consolidated results of the Company for the entire six months ended April 30, 2017 results in revenue of $ 65,596,000 1,569,000 Agriculture Property Acquisition In September 2015, the Company entered into a purchase agreement to acquire 757 15,148,000 50,000 15,098,000 Additionally, the Company incurred $ 111,000 739,000 Fair Value Measurements and Disclosures Land $ 11,560,000 Land improvements 1,800,000 Buildings and building improvements 110,000 Orchards 1,050,000 Fair value of assets acquired $ 14,520,000

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Apr. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	4. Fair Value Measurements Under the FASB ASC 820, Fair Value Measurement and Disclosures, a fair value measurement is determined based on the assumptions that a market participant would use in pricing an asset or liability. A three-tiered hierarchy draws distinctions between market participant assumptions based on (i) observable inputs such as quoted prices in active markets (Level 1), (ii) inputs other than quoted prices in active markets that are observable either directly or indirectly (Level 2) and (iii) unobservable inputs that require the Company to use present value and other valuation techniques in the determination of fair value (Level 3). April 30, 2017 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 19,680,000 $ – $ – $ 19,680,000 Liabilities at fair value: Derivative $ – $ 589,000 $ – $ 589,000 October 31, 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 Available-for-sale securities consist of marketable securities in Calavo common stock. The Company currently owns 300,000 1.7 65.60 59.15

Accounts Receivable

Accounts Receivable	6 Months Ended
	Apr. 30, 2017
Receivables [Abstract]
Accounts Receivable Disclosure [Text Block]	5. Accounts Receivable The Company grants credit in the course of its operations to customers, cooperatives, companies and lessees of the Company’s facilities. The Company performs periodic credit evaluations of its customers’ financial condition and generally does not require collateral. The Company provides allowances on its receivables, as required, based on accounts receivable aging and certain other factors. As of April 30, 2017 and October 31, 2016 the allowances totaled $670,000 and $357,000, respectively.

Concentrations

Concentrations	6 Months Ended
	Apr. 30, 2017
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	6. Concentrations Lemons procured from third-party growers were 39 12

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	6 Months Ended
	Apr. 30, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses And Other Current Assets [Text Block]	7. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following: April 30, October 31, Prepaid insurance $ 696,000 $ 633,000 Prepaid supplies 1,097,000 879,000 Lemon supplier advances - 41,000 Deposits 19,000 61,000 Deferred lease expense, water assessments and other 1,475,000 895,000 $ 3,287,000 $ 2,509,000

Real Estate Development Assets

Real Estate Development Assets	6 Months Ended
	Apr. 30, 2017
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	8. Real Estate Development Assets Real estate development assets consist of the following: April 30, October 31, 2016 East Areas I and II $ 69,809,000 $ 66,097,000 Templeton Santa Barbara, LLC 10,919,000 11,039,000 $ 80,728,000 $ 77,136,000 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 acres of land into residential units, commercial buildings and civic facilities. During the three months ended April 30, 2017 and 2016, the Company capitalized $1,516,000 and $829,000, respectively, of costs related to these real estate development projects. During the six months ended April 30, 2017 and 2016, the Company capitalized $3,712,000 and $4,279,000, respectively, of costs related to these real estate development projects. Additionally, in relation to these projects, the Company incurred expenses of zero and $4,000 in the three-months ended April 30, 2017 and 2016, respectively and $37,000 and $1,155,000 in the six months ended April 30, 2017 and 2016, respectively. On November 10, 2015, (the “Transaction Date”) the Company entered into a joint venture with The Lewis Group of Companies (“Lewis”) for the residential development of its East Area I real estate development project. To consummate the transaction, the Company formed Limoneira Lewis Community Builders, LLC (the “LLC” or “Joint Venture”) as the development entity, contributed its East Area I property to the LLC and sold a 50% interest in the LLC to Lewis for $20,000,000, comprised of a $2,000,000 deposit received in September 2015 and $18,000,000 received on Transaction Date. The Company received net cash of approximately $18,800,000 after transaction costs of approximately $1,200,000, which were expensed in the first quarter of fiscal year 2016. In addition, on the Transaction Date, the Company incurred a Success Fee with Parkstone Companies, Inc., in the amount of $2,100,000, which was paid on January 28, 2016 and capitalized as a component of the Company’s investment in the East Area I. 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 In connection with the LLC Agreement, the Company is to be reimbursed $250,000 by the Joint Venture on February 1, 2018 for Initial Public Safety Facility Payments made to the City of Santa Paula in October 2015. This amount is included in prepaid expenses and other current assets in the consolidated balance sheets. Additionally, beginning March 2016, the Company leases office space to Lewis and received rental income of $8,000 and $3,000 in the six months ended April 30, 2017 and 2016, respectively. The Company determined the Joint Venture to be a Variable Interest Entity (“VIE”) under ASC 810, Consolidation, because the Joint Venture will require additional subordinated financial support to finance its operations. The Company further determined that it is not the primary beneficiary of the VIE, as the Company and Lewis have joint control over all significant decisions affecting the Joint Venture’s economic performance. Accordingly, contributions made by the Company to the LLC, the Company’s proportionate share of Joint Venture’s results of operations and distributions received by the Company from the LLC will be accounted for under the equity method. The Company made contributions of zero and $450,000 to the LLC in the three months ended April 30, 2017 and 2016, respectively and $4,450,000 and $450,000 in the six months ended April 30, 2017 and 2016, respectively. Additionally, the Company recorded an equity loss of $54,000 in the six months ended April 30, 2017 related to the Joint Venture. In connection with facilitating the annexation of East Area I into the City of Santa Paula, during February 2014 the Company entered into a Capital Improvement Cost Sharing Agreement for Improvements to Santa Paula Creek Channel (the “Cost Sharing Agreement”) with the Ventura County Watershed Protection District (the “District”). The Cost Sharing Agreement requires the Company to reimburse the District 28.5% of the costs of the improvements, up to a maximum of $5,000,000. Additionally, the Company is required to pay the cost of preparing a study to determine a feasible scope of work and budget for the improvements. No cost reimbursements have been incurred to date in relation to this agreement. Templeton Santa Barbara, LLC The three real estate development parcels within the Templeton Santa Barbara, LLC project are described as Centennial Square (“Centennial”), The Terraces at Pacific Crest (“Pacific Crest”), and Sevilla. The net carrying values of Centennial, Pacific Crest and Sevilla at April 30, 2017 and October 31, 2016 were $2,983,000, $3,250,000 and $4,686,000, respectively. These projects were idle during the six months ended April 30, 2017 and 2016 and, as such, no costs were capitalized. Additionally, in relation to these parcels, the Company incurred expenses of $41,000 and $40,000 in the three months ended April 30, 2017 and 2016, respectively, and $88,000 and $83,000 in the six months ended April 30, 2017 and 2016, respectively. On March 27, 2017, the Company entered into an agreement to sell its Centennial property for $3,200,000, which based on estimated transaction costs, will result in a gain of approximately $100,000. An estimated closing date of July 28, 2017 is contingent upon the buyer completing due diligence by July 14, 2017. In addition, the Company expects to accept an offer on its Pacific Crest property for a sales price of approximately $3,500,000, which after estimated transaction costs, is anticipated to result in a loss of approximately $120,000. Such loss has been recognized as an impairment in the second quarter of fiscal year 2017. The transaction is subject to buyer due diligence and is expected to close on approximately October 31, 2017.

Equity in Investments

Equity in Investments	6 Months Ended
	Apr. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	9. Equity in Investments April 30, October 31, Limoneira Lewis Community Builders, LLC $ 6,671,000 $ 2,275,000 Limco Del Mar, Ltd. 2,098,000 1,961,000 Rosales 1,991,000 1,496,000 Romney Property Partnership 522,000 522,000 $ 11,282,000 $ 6,254,000 The Rosales equity investment includes the Company’s 35 12

Investment in Calavo Growers, I

Investment in Calavo Growers, Inc.	6 Months Ended
	Apr. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	10. Investment in Calavo Growers, Inc. In June 2005, the Company entered into a stock purchase agreement with Calavo. Pursuant to this agreement, the Company purchased 1,000,000 6.9 10,000,000 1,728,570 15.1 23,450,000 13,450,000 In fiscal year 2009, the Company sold 335,000 6,079,000 2,729,000 165,000 4,788,000 3,138,000 140,000 6,433,000 5,033,000 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 for the remaining shares held by the Company. The Company recorded unrealized holding gains of $ 3,090,000 1,870,000 1,951,000 1,184,000 1,935,000 1,173,000 2,074,000 1,260,000

Other Assets

Other Assets	6 Months Ended
	Apr. 30, 2017
Other Assets [Abstract]
Other Assets Disclosure [Text Block]	11. Other Assets April 30, October 31, 2016 Investments in mutual water companies $ 4,671,000 $ 4,327,000 Acquired water and mineral rights 2,591,000 1,536,000 Deposit for land purchase 607,000 - Deferred lease assets and other 558,000 930,000 Note receivable 624,000 612,000 Revolving funds and memberships 297,000 292,000 Acquired trade names and trademarks, net 298,000 341,000 Goodwill 1,096,000 680,000 $ 10,742,000 $ 8,718,000

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Apr. 30, 2017
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	12. Accrued Liabilities April 30, 2017 October 31, 2016 Compensation $ 1,747,000 $ 2,362,000 Income taxes 8,000 - Property taxes 33,000 520,000 Interest 143,000 277,000 Deferred income and deposits 694,000 633,000 Lease expense 273,000 296,000 Lemon supplier payables 4,000 1,242,000 Other 1,092,000 1,091,000 $ 3,994,000 $ 6,421,000

Long-Term Debt

Long-Term Debt	6 Months Ended
	Apr. 30, 2017
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	13. Long-Term Debt April 30, October 31, Rabobank revolving credit facility: the interest rate is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 0.98% at April 30, 2017, plus 1.80%. Interest is payable monthly and the principal is due in full in June 2018. $ 76,736,000 $ 59,606,000 Farm Credit West term loan: the interest rate is variable and was 3.45% at April 30, 2017. The loan is payable in quarterly installments through November 2022. 3,429,000 3,701,000 Farm Credit West term loan: the interest rate is variable and was 3.45% at April 30, 2017. The loan is payable in monthly installments through October 2035. 1,189,000 1,213,000 Farm Credit West term loan: the interest rate is fixed at 4.70%. The loan is payable in monthly installments though March 2036. 9,665,000 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. 7,218,000 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. 8,393,000 9,152,000 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 1,835,000 - Subtotal 108,465,000 90,843,000 Less deferred financing costs 144,000 171,000 Total long-term debt, net 108,321,000 90,672,000 Less current portion 2,814,000 2,508,000 Long-term debt, less current portion $ 105,507,000 $ 88,164,000 The Rabobank revolving credit facility provides for maximum borrowings of $ 100,000,000 100,000,000 On January 20, 2016, the Company entered into a $ 10,000,000 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 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. The Banco de Chile term loan was assumed with the acquisition of PDA in February 2017. The interest rate is fixed at 6.48 Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $ 409,000 497,000 873,000 1,004,000

Derivative Instrument and Hedgi

Derivative Instrument and Hedging Activities	6 Months Ended
	Apr. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	14. Derivative Instrument and Hedging Activities Notional Amount Fair Value Liability April 30, October 31, April 30, October 31, Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018 $ 40,000,000 $ 40,000,000 $ 589,000 $ 1,151,000 In November 2011, the Company entered into a forward interest rate swap agreement with Rabobank International, Utrecht to fix the interest rate at 4.30 40,000,000

Basic and Diluted Net Income (l

Basic and Diluted Net Income (loss) per Share	6 Months Ended
	Apr. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	15. Basic and Diluted Net Income (loss) per Share Basic net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net income (loss) 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-2 convertible preferred shares were included in the computation of diluted net income per common share for the three months ended April 30, 2017 because such shares were dilutive. Three months ended April 30, Six months ended April 30, 2017 2016 2017 2016 Basic net income (loss) per common share: Numerator: Net income (loss) applicable to common stock $ 3,385,000 $ 1,065,000 $ 1,158,000 $ (3,005,000) Denominator: Weighted average common shares-basic 14,269,000 14,174,000 14,236,000 14,159,000 Basic net income (loss) per common share $ 0.24 $ 0.08 $ 0.08 $ (0.21) Diluted net income (loss) per common share: Numerator: Net income (loss) for diluted EPS $ 3,478,000 $ 1,065,000 $ 1,158,000 $ (3,005,000) Denominator: Weighted average common shares–basic 14,269,000 14,174,000 14,236,000 14,159,000 Effect of dilutive preferred stock 450,000 - - - Weighted average common shares–diluted 14,719,000 14,174,000 14,236,000 14,159,000 Diluted net income (loss) per common share $ 0.24 $ 0.08 $ 0.08 $ (0.21) 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	6 Months Ended
	Apr. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	16. Related-Party Transactions The Company rents certain of its residential housing assets to employees on a month-to-month basis. The Company recorded $ 180,000 183,000 368,000 334,000 The Company has representation on the boards of directors of the mutual water companies in which the Company has investments. The Company recorded capital contributions and purchased water and water delivery services from such mutual water companies, in aggregate, of $ 80,000 89,000 718,000 742,000 341,000 131,000 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 $ 409,000 434,000 981,000 890,000 6,000 87,000 The Company has an investment in and representation on the board of directors of Calavo and Calavo has an investment in and representation on the board of directors of the Company. The Company recorded dividend income of $ 270,000 288,000 2,029,000 1,186,000 2,029,000 1,188,000 952,000 71,000 70,000 142,000 138,000 Certain members of the Company’s board of directors market lemons through the Company pursuant to its customary marketing agreements. During the three months ended April 30, 2017 and 2016, the aggregate amount of lemons procured from entities owned or controlled by members of the board of directors was $ 701,000 573,000 976,000 628,000 831,000 877,000 31 12,000 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 24,000 15,000 41,000 15,000 68,000 75,000 96,000 119,000 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 43,000 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 costs to CRG of $ 68,000 304,000 2,825,000 2,888,000 45,000 303,000 274,000 181,000 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 the 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 51,000 34,000 101,000 52,000 53,000 67,000 70,000 The Company has a 1.3 26.8 35,000 36,000 69,000 67,000 662,000 342,000 460,000 791,000 137,000 141,000 On August 14, 2 0 1,750,000 35 12 362,000 53,000 610,000 53,000 223,000 210,000 43,000 56,000 52,000 46,000 66,000 104,000 134,000

Income Taxes

Income Taxes	6 Months Ended
	Apr. 30, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	17. Income Taxes The Company’s estimated effective tax rate for the six months ended April 30, 2017 is approximately 38.5 The Company’s policy is to recognize interest expense and penalties related to income tax matters as a component of income tax expense. The Company has not accrued any interest and penalties associated with uncertain tax positions as of April 30, 2017.

Retirement Plans

Retirement Plans	6 Months Ended
	Apr. 30, 2017
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	18. Retirement Plans The Limoneira Company Retirement Plan (the “Plan”) is a noncontributory, defined benefit, single employer pension plan, which provides retirement benefits for all eligible employees of the Company. Benefits paid by the Plan are calculated based on years of service, highest five-year average earnings, primary Social Security benefit and retirement age. Effective June 2004, the Company froze the Plan and no additional benefits accrued to participants subsequent to that date. The Plan is administered by Wells Fargo Bank and Mercer Human Resource Consulting. The Plan is funded consistent with the funding requirements of federal law and regulations. There were funding contributions of $ 150,000 The net periodic pension costs for the Plan for the three months ended April 30 were as follows: 2017 2016 Administrative expenses $ 76,000 $ 31,000 Interest cost 194,000 209,000 Expected return on plan assets (263,000) (269,000) Prior service cost 11,000 - Recognized actuarial loss 208,000 186,000 Net periodic benefit cost $ 226,000 $ 157,000 The net periodic pension costs for the Plan for the six months ended April 30 were as follows: 2017 2016 Administrative expenses $ 152,000 $ 62,000 Interest cost 388,000 418,000 Expected return on plan assets (526,000) (538,000) Prior service cost 22,000 - Recognized actuarial loss 416,000 372,000 Net periodic pension cost $ 452,000 $ 314,000

Other Long-Term Liabilities

Other Long-Term Liabilities	6 Months Ended
	Apr. 30, 2017
Other Liabilities Disclosure [Abstract]
Other Liabilities Disclosure [Text Block]	19. Other Long-Term Liabilities Other long-term liabilities consist of the following: April 30, 2017 October 31, 2016 Minimum pension liability $ 5,230,000 $ 5,619,000 Fair value of derivative instrument 85,000 461,000 Deferred gain and other 63,000 47,000 $ 5,378,000 $ 6,127,000

Contingencies

Contingencies	6 Months Ended
	Apr. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	20. Contingencies 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	6 Months Ended
	Apr. 30, 2017
Temporary Equity Disclosure [Abstract]
Preferred Stock [Text Block]	21. Series B and Series B-2 Preferred Stock Series B Convertible Preferred Stock 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. Redemption by the Company of a portion of the Series B Stock totaling 14,790 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. The put features of a portion of the Series B Stock totaling 14,790 shares are subject to certain conditions agreed upon between the Company and the holders of this portion of the Series B Stock. 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 May 2017, 3,042 38,025 In April 2017, 10,453 130,662 In November 2016, 715 8,937 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 9,300 100.00 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 per share, plus an amount equal to all accrued and unpaid dividends. 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.

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Apr. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	22. 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, 44,998 19.92 896,000 544,000 27,424 15.29 410,000 130,000 42,085 25.35 1,071,000 367,000 Three Months Ended Six Months Ended Performance Year Shares Granted 2017 2016 2017 2016 2014 42,085 $ - $ 88,000 $ - $ 176,000 2015 27,424 36,000 32,000 72,000 64,000 2016 44,998 64,000 - 128,000 - 2017 - 193,000 - 357,000 - $ 293,000 $ 120,000 $ 557,000 $ 240,000 During the three months ended January 31, 2017 and 2016 members of management exchanged 14,773 12,433 294,000 190,000 During January 2017 and 2016, 18,956 21,905 323,000 273,000

Segment Information

Segment Information	6 Months Ended
	Apr. 30, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	23. 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 lemons sales farming, harvesting and lemon packing. The other agribusiness segment includes sales, farming and harvesting of avocados, oranges and specialty citrus. The lemon operations and other agribusiness segments are seasonal in nature and interim results should not be taken as indicative of the estimated results for a full fiscal year. The rental operations segment includes residential 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 repurposed Windfall from a real estate development project to an agricultural ranch and reclassified $ 26,779,000 143,000 372,000 Three months ended April 30, 2017 2016 Lemon operations: Revenues $ 26,170,000 $ 20,778,000 Costs and expenses 18,778,000 16,474,000 Operating income 7,392,000 4,304,000 Other agribusiness: Revenues 9,247,000 5,168,000 Costs and expenses 6,306,000 3,750,000 Operating income 2,941,000 1,418,000 Lemon and other agribusiness depreciation and amortization 1,371,000 1,014,000 Total agribusiness operating income 8,962,000 4,708,000 Rental operations: Revenues 1,476,000 1,411,000 Costs and expenses 763,000 686,000 Depreciation and amortization 187,000 187,000 Operating income 526,000 538,000 Real estate development: Revenues - 8,000 Costs and expenses 160,000 180,000 Depreciation and amortization - 15,000 Operating loss (160,000) (187,000) Selling, general and administrative expenses (3,116,000) (2,844,000) Total operating income $ 6,212,000 $ 2,215,000 The following table sets forth revenues by category, by segment for three months ended April 30, 2017 and 2016: Three months ended April 30, 2017 2016 Lemon operations revenues $ 26,170,000 $ 20,778,000 Avocados 2,029,000 1,186,000 Navel and Valencia oranges 4,918,000 2,644,000 Specialty citrus and other crops 2,300,000 1,338,000 Other agribusiness revenues 9,247,000 5,168,000 Agribusiness revenues 35,417,000 25,946,000 Residential and commercial rentals 888,000 886,000 Leased land 371,000 454,000 Organic recycling and other 217,000 71,000 Rental operations revenues 1,476,000 1,411,000 Real estate development revenues - 8,000 Total revenues $ 36,893,000 $ 27,365,000 Segment information for the six months ended April 30, 2017 and 2016: Six months ended April 30, 2017 2016 Lemon operations: Revenues $ 52,159,000 $ 42,643,000 Costs and expenses 40,599,000 38,105,000 Operating income 11,560,000 4,538,000 Other agribusiness: Revenues 10,027,000 6,870,000 Costs and expenses 9,494,000 6,704,000 Operating income 533,000 166,000 Lemon and other agribusiness depreciation and amortization 2,706,000 1,901,000 Total agribusiness operating income 9,387,000 2,803,000 Rental operations: Revenues 2,799,000 2,819,000 Costs and expenses 1,629,000 1,464,000 Depreciation and amortization 376,000 358,000 Operating income 794,000 997,000 Real estate development: Revenues - 20,000 Costs and expenses 245,000 1,601,000 Depreciation and amortization - 30,000 Operating loss (245,000) (1,611,000) Selling, general and administrative expenses (6,963,000) (6,308,000) Total operating income (loss) $ 2,973,000 $ (4,119,000) The following table sets forth revenues by category, by segment for six months ended April 30, 2017 and 2016: Six months ended April 30, 2017 2016 Lemon operations revenues $ 52,159,000 $ 42,643,000 Avocados 2,029,000 1,188,000 Navel and Valencia oranges 5,421,000 3,685,000 Specialty citrus and other crops 2,577,000 1,997,000 Other agribusiness revenues 10,027,000 6,870,000 Agribusiness revenues 62,186,000 49,513,000 Residential and commercial rentals 1,782,000 1,752,000 Leased land 742,000 945,000 Organic recycling and other 275,000 122,000 Rental operations revenues 2,799,000 2,819,000 Real estate development revenues - 20,000 Total revenues $ 64,985,000 $ 52,352,000

Subsequent Events

Subsequent Events	6 Months Ended
	Apr. 30, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	24. Subsequent Events The Company has evaluated events subsequent to April 30, 2017 through the filing date to assess the need for potential recognition or disclosure in this Quarterly Report on Form 10-Q. Based upon this evaluation, except as described in the notes to the consolidated financial statements, it was determined that no other subsequent events occurred that require recognition or disclosure in the unaudited consolidated financial statements.

Summary of Significant Accoun32

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Apr. 30, 2017
Accounting Policies [Abstract]
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation PDA’s functional currency is the Chilean Peso. Its balance sheet is translated to U.S. dollars at exchange rates in effect at the balance sheet date and its income statement is translated at average exchange rates during the reporting period. The resulting foreign currency translation adjustments are recorded as a separate component of accumulated other comprehensive income.
Recent Accounting Pronouncements [Policy Text Block]	Recent Accounting Pronouncements Financial Accounting Standards Board – Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition – Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and tangible assets within the scope of Topic 350, Intangibles – Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: ⋅ Identify the contract(s) with a customer. ⋅ Identify the performance obligations in the contract. ⋅ Determine the transaction price. ⋅ Allocate the transaction price to the performance obligations in the contract. ⋅ Recognize revenue when (or as) the entity satisfies a performance obligation. 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. The Company currently anticipates adopting the standard in the first quarter of its fiscal year ending October 31, 2019 and anticipates using the modified retrospective method. The Company has begun to inventory and evaluate its revenue streams and related contracts with customers. The Company continues to evaluate 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. The Company’s adoption of this ASU had no impact on its consolidated financial statements. 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. Early adoption is permitted. The Company’s early adoption of this ASU on November 1, 2016 resulted in a cumulative effect provision of $ 21,000 FASB Accounting Standards Update No. 2016-01, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The amendments in ASU 2016-01, among other things, requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets (i.e., securities or loans and receivables). Eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate fair value that is required to be disclosed for financial instruments measured at amortized cost. ASU 2016-01 is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Apr. 30, 2017
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Finalizing the fair value summary is subject to certain potential purchase price adjustments as defined in the purchase agreement. Cultural costs $ 473,000 Other current assets 166,000 Land and land improvements 2,748,000 Buildings and equipment 206,000 Orchards 2,876,000 Investment in Rosales 828,000 Water rights 1,120,000 Deposit for land purchase 645,000 Goodwill 442,000 Total assets acquired 9,504,000 Current liabilities (327,000) Current and long-term debt (1,759,000) Deferred income taxes (974,000) Noncontrolling interest (644,000) Net cash paid $ 5,800,000
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following is a summary of the fair value of the assets acquired on the date of acquisition based on a third-party valuation, which is considered a Level 3 fair value measurement under FASB ASC 820, Fair Value Measurements and Disclosures Land $ 11,560,000 Land improvements 1,800,000 Buildings and building improvements 110,000 Orchards 1,050,000 Fair value of assets acquired $ 14,520,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Apr. 30, 2017
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 April 30, 2017 and October 31, 2016, which are measured on a recurring basis during the period, segregated by level within the fair value hierarchy: April 30, 2017 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 19,680,000 $ – $ – $ 19,680,000 Liabilities at fair value: Derivative $ – $ 589,000 $ – $ 589,000 October 31, 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

Prepaid Expenses and Other Cu35

Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Apr. 30, 2017
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: April 30, October 31, Prepaid insurance $ 696,000 $ 633,000 Prepaid supplies 1,097,000 879,000 Lemon supplier advances - 41,000 Deposits 19,000 61,000 Deferred lease expense, water assessments and other 1,475,000 895,000 $ 3,287,000 $ 2,509,000

Real Estate Development Assets

Real Estate Development Assets (Tables)	6 Months Ended
	Apr. 30, 2017
Real Estate [Abstract]
Schedule of Real Estate Properties [Table Text Block]	Real estate development assets consist of the following: April 30, October 31, 2016 East Areas I and II $ 69,809,000 $ 66,097,000 Templeton Santa Barbara, LLC 10,919,000 11,039,000 $ 80,728,000 $ 77,136,000

Equity in Investments (Tables)

Equity in Investments (Tables)	6 Months Ended
	Apr. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments [Table Text Block]	Equity in investments consist of the following: April 30, October 31, Limoneira Lewis Community Builders, LLC $ 6,671,000 $ 2,275,000 Limco Del Mar, Ltd. 2,098,000 1,961,000 Rosales 1,991,000 1,496,000 Romney Property Partnership 522,000 522,000 $ 11,282,000 $ 6,254,000

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Apr. 30, 2017
Other Assets [Abstract]
Schedule of Other Assets [Table Text Block]	Other assets consist of the following: April 30, October 31, 2016 Investments in mutual water companies $ 4,671,000 $ 4,327,000 Acquired water and mineral rights 2,591,000 1,536,000 Deposit for land purchase 607,000 - Deferred lease assets and other 558,000 930,000 Note receivable 624,000 612,000 Revolving funds and memberships 297,000 292,000 Acquired trade names and trademarks, net 298,000 341,000 Goodwill 1,096,000 680,000 $ 10,742,000 $ 8,718,000

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Apr. 30, 2017
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	Accrued liabilities consist of the following: April 30, 2017 October 31, 2016 Compensation $ 1,747,000 $ 2,362,000 Income taxes 8,000 - Property taxes 33,000 520,000 Interest 143,000 277,000 Deferred income and deposits 694,000 633,000 Lease expense 273,000 296,000 Lemon supplier payables 4,000 1,242,000 Other 1,092,000 1,091,000 $ 3,994,000 $ 6,421,000

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Apr. 30, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt is comprised of the following: April 30, October 31, Rabobank revolving credit facility: the interest rate is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 0.98% at April 30, 2017, plus 1.80%. Interest is payable monthly and the principal is due in full in June 2018. $ 76,736,000 $ 59,606,000 Farm Credit West term loan: the interest rate is variable and was 3.45% at April 30, 2017. The loan is payable in quarterly installments through November 2022. 3,429,000 3,701,000 Farm Credit West term loan: the interest rate is variable and was 3.45% at April 30, 2017. The loan is payable in monthly installments through October 2035. 1,189,000 1,213,000 Farm Credit West term loan: the interest rate is fixed at 4.70%. The loan is payable in monthly installments though March 2036. 9,665,000 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. 7,218,000 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. 8,393,000 9,152,000 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 1,835,000 - Subtotal 108,465,000 90,843,000 Less deferred financing costs 144,000 171,000 Total long-term debt, net 108,321,000 90,672,000 Less current portion 2,814,000 2,508,000 Long-term debt, less current portion $ 105,507,000 $ 88,164,000

Derivative Instrument and Hed41

Derivative Instrument and Hedging Activities (Tables)	6 Months Ended
	Apr. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments [Table Text Block]	The Company enters into interest rate swaps to minimize the risks and costs associated with its financing activities. Derivative financial instruments are as follows: Notional Amount Fair Value Liability April 30, October 31, April 30, October 31, Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018 $ 40,000,000 $ 40,000,000 $ 589,000 $ 1,151,000

Basic and Diluted Net Income 42

Basic and Diluted Net Income (loss) per Share (Tables)	6 Months Ended
	Apr. 30, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The computation for basic net income (loss) per common share are as follows: Three months ended April 30, Six months ended April 30, 2017 2016 2017 2016 Basic net income (loss) per common share: Numerator: Net income (loss) applicable to common stock $ 3,385,000 $ 1,065,000 $ 1,158,000 $ (3,005,000) Denominator: Weighted average common shares-basic 14,269,000 14,174,000 14,236,000 14,159,000 Basic net income (loss) per common share $ 0.24 $ 0.08 $ 0.08 $ (0.21) Diluted net income (loss) per common share: Numerator: Net income (loss) for diluted EPS $ 3,478,000 $ 1,065,000 $ 1,158,000 $ (3,005,000) Denominator: Weighted average common shares–basic 14,269,000 14,174,000 14,236,000 14,159,000 Effect of dilutive preferred stock 450,000 - - - Weighted average common shares–diluted 14,719,000 14,174,000 14,236,000 14,159,000 Diluted net income (loss) per common share $ 0.24 $ 0.08 $ 0.08 $ (0.21)

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Apr. 30, 2017
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	The net periodic pension costs for the Plan for the three months ended April 30 were as follows: 2017 2016 Administrative expenses $ 76,000 $ 31,000 Interest cost 194,000 209,000 Expected return on plan assets (263,000) (269,000) Prior service cost 11,000 - Recognized actuarial loss 208,000 186,000 Net periodic benefit cost $ 226,000 $ 157,000 The net periodic pension costs for the Plan for the six months ended April 30 were as follows: 2017 2016 Administrative expenses $ 152,000 $ 62,000 Interest cost 388,000 418,000 Expected return on plan assets (526,000) (538,000) Prior service cost 22,000 - Recognized actuarial loss 416,000 372,000 Net periodic pension cost $ 452,000 $ 314,000

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	6 Months Ended
	Apr. 30, 2017
Other Liabilities Disclosure [Abstract]
Other Noncurrent Liabilities [Table Text Block]	Other long-term liabilities consist of the following: April 30, 2017 October 31, 2016 Minimum pension liability $ 5,230,000 $ 5,619,000 Fair value of derivative instrument 85,000 461,000 Deferred gain and other 63,000 47,000 $ 5,378,000 $ 6,127,000

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Apr. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Stock-based compensation expense is recognized over the performance and vesting periods as summarized below: Three Months Ended Six Months Ended Performance Year Shares Granted 2017 2016 2017 2016 2014 42,085 $ - $ 88,000 $ - $ 176,000 2015 27,424 36,000 32,000 72,000 64,000 2016 44,998 64,000 - 128,000 - 2017 - 193,000 - 357,000 - $ 293,000 $ 120,000 $ 557,000 $ 240,000

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Apr. 30, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Segment information for the three months ended April 30, 2017 and 2016: Three months ended April 30, 2017 2016 Lemon operations: Revenues $ 26,170,000 $ 20,778,000 Costs and expenses 18,778,000 16,474,000 Operating income 7,392,000 4,304,000 Other agribusiness: Revenues 9,247,000 5,168,000 Costs and expenses 6,306,000 3,750,000 Operating income 2,941,000 1,418,000 Lemon and other agribusiness depreciation and amortization 1,371,000 1,014,000 Total agribusiness operating income 8,962,000 4,708,000 Rental operations: Revenues 1,476,000 1,411,000 Costs and expenses 763,000 686,000 Depreciation and amortization 187,000 187,000 Operating income 526,000 538,000 Real estate development: Revenues - 8,000 Costs and expenses 160,000 180,000 Depreciation and amortization - 15,000 Operating loss (160,000) (187,000) Selling, general and administrative expenses (3,116,000) (2,844,000) Total operating income $ 6,212,000 $ 2,215,000 The following table sets forth revenues by category, by segment for three months ended April 30, 2017 and 2016: Three months ended April 30, 2017 2016 Lemon operations revenues $ 26,170,000 $ 20,778,000 Avocados 2,029,000 1,186,000 Navel and Valencia oranges 4,918,000 2,644,000 Specialty citrus and other crops 2,300,000 1,338,000 Other agribusiness revenues 9,247,000 5,168,000 Agribusiness revenues 35,417,000 25,946,000 Residential and commercial rentals 888,000 886,000 Leased land 371,000 454,000 Organic recycling and other 217,000 71,000 Rental operations revenues 1,476,000 1,411,000 Real estate development revenues - 8,000 Total revenues $ 36,893,000 $ 27,365,000 Segment information for the six months ended April 30, 2017 and 2016: Six months ended April 30, 2017 2016 Lemon operations: Revenues $ 52,159,000 $ 42,643,000 Costs and expenses 40,599,000 38,105,000 Operating income 11,560,000 4,538,000 Other agribusiness: Revenues 10,027,000 6,870,000 Costs and expenses 9,494,000 6,704,000 Operating income 533,000 166,000 Lemon and other agribusiness depreciation and amortization 2,706,000 1,901,000 Total agribusiness operating income 9,387,000 2,803,000 Rental operations: Revenues 2,799,000 2,819,000 Costs and expenses 1,629,000 1,464,000 Depreciation and amortization 376,000 358,000 Operating income 794,000 997,000 Real estate development: Revenues - 20,000 Costs and expenses 245,000 1,601,000 Depreciation and amortization - 30,000 Operating loss (245,000) (1,611,000) Selling, general and administrative expenses (6,963,000) (6,308,000) Total operating income (loss) $ 2,973,000 $ (4,119,000) The following table sets forth revenues by category, by segment for six months ended April 30, 2017 and 2016: Six months ended April 30, 2017 2016 Lemon operations revenues $ 52,159,000 $ 42,643,000 Avocados 2,029,000 1,188,000 Navel and Valencia oranges 5,421,000 3,685,000 Specialty citrus and other crops 2,577,000 1,997,000 Other agribusiness revenues 10,027,000 6,870,000 Agribusiness revenues 62,186,000 49,513,000 Residential and commercial rentals 1,782,000 1,752,000 Leased land 742,000 945,000 Organic recycling and other 275,000 122,000 Rental operations revenues 2,799,000 2,819,000 Real estate development revenues - 20,000 Total revenues $ 64,985,000 $ 52,352,000

Business (Details Textual)

Business (Details Textual)	Apr. 30, 2017	Oct. 31, 2014
Equity Method Investment, Ownership Percentage	90.00%	35.00%

Summary of Significant Accoun48

Summary of Significant Accounting Policies (Details Textual)	6 Months Ended
	Apr. 30, 2017USD ($)
Accounting Standards Update 2016-09 [Member]
Accounting Policies [Line Items]
Cumulative effect provision recognized in the current period tax benefit	$ 21,000

Acquisitions (Details)

Acquisitions (Details) - USD ($)	Apr. 30, 2017	Feb. 24, 2017	Oct. 31, 2016
Land and land improvements	$ 11,560,000
Buildings and equipment	110,000
Goodwill	1,096,000		$ 680,000
Fruticola Pan de Azucar S.A. [Member]
Cultural costs	473,000
Other current assets	166,000
Land and land improvements	2,748,000
Buildings and equipment	206,000
Orchards	2,876,000
Investment in Rosales	828,000
Water rights	1,120,000
Deposit for land purchase	645,000
Goodwill	442,000
Total assets acquired	9,504,000	$ 9,504,000
Current liabilities	(327,000)
Current and long-term debt	(1,759,000)
Deferred income taxes	(974,000)
Noncontrolling interest	(644,000)
Net cash paid	$ 5,800,000

Acquisitions (Details 1)

Acquisitions (Details 1)	Apr. 30, 2017USD ($)
Assets acquired
Land	$ 11,560,000
Land improvements	1,800,000
Buildings and building improvements	110,000
Orchards	1,050,000
Fair value of assets acquired	$ 14,520,000

Acquisitions (Details Textual)

Acquisitions (Details Textual)	1 Months Ended			3 Months Ended		6 Months Ended		12 Months Ended
	Feb. 24, 2017USD ($)a	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)a	Apr. 30, 2017USD ($)	Apr. 30, 2016USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2016USD ($)	Dec. 31, 2016USD ($)	Oct. 31, 2014
Payments to Acquire Businesses, Net of Cash Acquired, Total	$ 5,800,000					$ 5,800,000	$ 0
Equity Method Investment, Ownership Percentage				90.00%		90.00%			35.00%
Net Income (Loss) Attributable to Parent, Total				$ 3,540,000	$ 1,222,000	$ 1,468,000	(2,690,000)
Revenues, Total				$ 36,893,000	$ 27,365,000	64,985,000	52,352,000
Acres Of Land Purchased | a			757
Payments to Acquire Land Held-for-use			$ 15,148,000			111,000
Increase in Restricted Cash			$ 50,000
Payments to Acquire Businesses, Gross		$ 15,098,000				0	15,098,000
Settlement Of Lease Obligation Related To Agricultural Property Acquisition						$ 0	$ 739,000
Limoneira Company [Member]
Equity Method Investment, Ownership Percentage	35.00%			47.00%		47.00%
Fruticola Pan de Azucar S.A. [Member]
Business Acquisition, Percentage of Voting Interests Acquired	90.00%
Payments to Acquire Businesses, Net of Cash Acquired, Total	$ 5,800,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt	$ 1,700,000
Area of Land | a	210
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	$ 9,504,000			$ 9,504,000		$ 9,504,000
Equity Method Investment, Ownership Percentage	13.00%			10.00%		10.00%
Net Income (Loss) Attributable to Parent, Total						$ 43,000
Revenues, Total						223,000		$ 1,900,000
Business Combination, Acquisition Related Costs						57,000
Business Acquisition, Pro Forma Revenue						65,596,000
Business Acquisition, Pro Forma Net Income (Loss)						$ 1,569,000
Fruticola Pan de Azucar S.A. [Member] | stockholder [Member]
Equity Method Investment, Ownership Percentage				53.00%		53.00%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Assets at fair value:
Available-for-sale securities	$ 19,680,000	$ 17,745,000
Liabilities at fair value:
Derivative	589,000	1,151,000
Fair Value, Inputs, Level 1 [Member]
Assets at fair value:
Available-for-sale securities	19,680,000	17,745,000
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	589,000	1,151,000
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 (Deta53

Fair Value Measurements (Details Textual) - $ / shares	Apr. 30, 2017	Oct. 31, 2016	Oct. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Method Investment, Ownership Percentage	90.00%		35.00%
Calavo Growers Incorporated [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Method Investment Investee Price Per Share	$ 65.60	$ 59.15
Investment Owned, Balance, Shares	300,000
Equity Method Investment, Ownership Percentage	1.70%

Accounts Receivable (Details Te

Accounts Receivable (Details Textual) - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Accounts Receivable Disclosure [Line Items]
Allowance for Doubtful Accounts Receivable, Current	$ 670,000	$ 357,000

Concentrations (Details Textual

Concentrations (Details Textual)	3 Months Ended	6 Months Ended
	Apr. 30, 2017	Apr. 30, 2017
Supplier Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		12.00%
Lemons [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	39.00%	45.00%

Prepaid Expenses and Other Cu56

Prepaid Expenses and Other Current Assets (Details) - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Line Items]
Prepaid insurance	$ 696,000	$ 633,000
Prepaid supplies	1,097,000	879,000
Lemon supplier advances	0	41,000
Deposits	19,000	61,000
Deferred lease expense, water assessments and other	1,475,000	895,000
Prepaid Expense and Other Assets, Current	$ 3,287,000	$ 2,509,000

Real Estate Development Asset57

Real Estate Development Assets (Details) - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Real Estate Properties [Line Items]
Real estate development assets	$ 80,728,000	$ 77,136,000
East Area I and II [Member]
Real Estate Properties [Line Items]
Real estate development assets	69,809,000	66,097,000
Templeton Santa Barbara, LLC [Member]
Real Estate Properties [Line Items]
Real estate development assets	$ 10,919,000	$ 11,039,000

Real Estate Development Asset58

Real Estate Development Assets (Details Textual)	1 Months Ended				3 Months Ended			6 Months Ended
	Mar. 27, 2017USD ($)	Jan. 28, 2016USD ($)	Nov. 10, 2015USD ($)	Sep. 30, 2015USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2016USD ($)	Jan. 31, 2016USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2016USD ($)	Oct. 31, 2016USD ($)	Oct. 31, 2015USD ($)	Oct. 31, 2014	Oct. 31, 2005a
Real Estate Properties [Line Items]
Equity Method Investment, Ownership Percentage					90.00%			90.00%				35.00%
Increase In Real Estate Development And Financing Liability					$ 1,147,000	$ 477,000		$ 2,980,000	$ 1,591,000
Payments to Acquire Equity Method Investments								4,450,000	450,000
Income (Loss) from Equity Method Investments					(141,000)	(143,000)		(67,000)	(29,000)
Proceeds from Sale of Real Estate Held-for-investment	$ 3,200,000
Gains (Losses) on Sales of Investment Real Estate	100,000
Pacific Crest Property [Member]
Real Estate Properties [Line Items]
Proceeds from Sale of Real Estate Held-for-investment	3,500,000
Gains (Losses) on Sales of Investment Real Estate	$ 120,000
East Areas I and II [Member]
Real Estate Properties [Line Items]
Number Of Acres Of Land For Real Estate Development | a													550
Real Estate Development Expense					0	4,000		37,000	1,155,000
SEC Schedule III, Real Estate, Period Increase (Decrease), Total					1,516,000	829,000		3,712,000	4,279,000
Payments to Acquire Equity Method Investments					$ 0	450,000		4,450,000	450,000
Income (Loss) from Equity Method Investments								$ 54,000
East Area I [Member]
Real Estate Properties [Line Items]
Pro rata Share Percentage Of Improvement Costs Required To Be Paid Relating To Annexation					28.50%			28.50%
Maximum Improvement Costs Required To Be Paid Relating To Annexation Of Real Estate Property					$ 5,000,000			$ 5,000,000
Templeton Santa Barbara Limited Liability Company [Member]
Real Estate Properties [Line Items]
Real Estate Development Expense					41,000	$ 40,000		88,000	83,000
Centennial Square [Member]
Real Estate Properties [Line Items]
SEC Schedule III, Real Estate, Gross, Beginning Balance					2,983,000			2,983,000		$ 2,983,000
Pacific Crest [Member]
Real Estate Properties [Line Items]
SEC Schedule III, Real Estate, Gross, Beginning Balance					3,250,000			3,250,000		3,250,000
Sevilla [Member]
Real Estate Properties [Line Items]
SEC Schedule III, Real Estate, Gross, Beginning Balance					4,686,000			4,686,000		$ 4,686,000
Lewis Group of Companies [Member]
Real Estate Properties [Line Items]
Equity Method Investment, Ownership Percentage			50.00%
Equity Method Investment, Aggregate Cost			$ 20,000,000		$ 20,000,000		$ 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											$ 250,000
Rental Income, Non-Operating								$ 8,000	$ 3,000

Equity in Investments (Details)

Equity in Investments (Details) - USD ($)	Apr. 30, 2017	Oct. 31, 2016	Apr. 30, 2016
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 11,282,000	$ 6,254,000	$ 6,254,000
Limoneira Lewis Community Builders, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	6,671,000	2,275,000
Limco Del Mar, Ltd.[Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	2,098,000	1,961,000
Rosales, S.A.[Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	1,991,000	1,496,000
Romney Property Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 522,000	$ 522,000

Equity in Investments (Details

Equity in Investments (Details Textual)	Apr. 30, 2017	Feb. 24, 2017	Oct. 31, 2014	Aug. 14, 2014
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	90.00%		35.00%
Limoneira Company [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	47.00%	35.00%
Equity Method Investment, Additional Ownership Percentage	12.00%			12.00%

Investment in Calavo Growers,61

Investment in Calavo Growers, Inc. (Details Textual) - USD ($)	1 Months Ended	2 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2005	Jul. 31, 2016	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016	Oct. 31, 2015	Oct. 31, 2013	Oct. 31, 2009	Oct. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Equity Method Investment, Ownership Percentage			90.00%		90.00%					35.00%
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							$ 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			$ 3,090,000	$ 1,951,000	$ 1,935,000	$ 2,074,000
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss), Net of Tax, Total			1,870,000	$ 1,184,000	1,173,000	$ 1,260,000
Sale of Stock, Number of Shares Issued in Transaction		60,000					140,000	165,000
Proceeds from Sale of Available-for-sale Securities, Total							$ 6,433,000	$ 4,788,000
Available-for-sale Securities, Total			$ 300,000		$ 300,000

Other Assets (Details)

Other Assets (Details) - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Regulatory Assets [Line Items]
Investments in mutual water companies	$ 4,671,000	$ 4,327,000
Acquired water and mineral rights	2,591,000	1,536,000
Deposit for land purchase	607,000	0
Deferred lease assets and other	558,000	930,000
Note receivable	624,000	612,000
Revolving funds and memberships	297,000	292,000
Acquired trade names and trademarks, net	298,000	341,000
Goodwill	1,096,000	680,000
Other Assets, Noncurrent	$ 10,742,000	$ 8,718,000

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Schedule of Accrued Liabilities [Line Items]
Compensation	$ 1,747,000	$ 2,362,000
Income taxes	8,000	0
Property taxes	33,000	520,000
Interest	143,000	277,000
Deferred rental income and deposits	694,000	633,000
Lease expense	273,000	296,000
Lemon supplier payables	4,000	1,242,000
Other	1,092,000	1,091,000
Accrued Liabilities, Current	$ 3,994,000	$ 6,421,000

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Debt Instrument [Line Items]
Less deferred financing costs	$ 144,000	$ 171,000
Total long-term debt, net	108,321,000	90,672,000
Less current portion	2,814,000	2,508,000
Long-term debt, less current portion	105,507,000	88,164,000
Rabobank Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total long-term debt, net	76,736,000	59,606,000
Farm Credit West Term Loan One [Member]
Debt Instrument [Line Items]
Total long-term debt, net	3,429,000	3,701,000
Farm Credit West Term Loan Two [Member]
Debt Instrument [Line Items]
Total long-term debt, net	1,189,000	1,213,000
Farm Credit West Term Loan Three [Member]
Debt Instrument [Line Items]
Total long-term debt, net	9,665,000	9,822,000
Farm Credit West Term Loan Four [Member]
Debt Instrument [Line Items]
Total long-term debt, net	7,218,000	7,349,000
Wells Fargo Term Loan [Member]
Debt Instrument [Line Items]
Total long-term debt, net	8,393,000	9,152,000
Banco de Chile term loan [Member]
Debt Instrument [Line Items]
Total long-term debt, net	1,835,000	0
Subtotal [Member]
Debt Instrument [Line Items]
Total long-term debt, net	$ 108,465,000	$ 90,843,000

Long-Term Debt (Parenthetical)

Long-Term Debt (Parenthetical) (Details)	6 Months Ended
	Apr. 30, 2017
Rabobank Revolving Credit Facility [Member]
LIBOR rate	0.98%
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	3.45%
Farm Credit West Term Loan Two [Member]
Debt Instrument, Maturity Date	Oct. 31, 2035
Debt Instrument, Interest Rate, Stated Percentage	3.45%
Farm Credit West Term Loan Three [Member]
Debt Instrument, Maturity Date	Mar. 31, 2036
Debt Instrument, Interest Rate, Stated Percentage	4.70%
Farm Credit West Term Loan Four [Member]
Debt Instrument, Maturity Date	Mar. 31, 2036
Debt Instrument, Interest Rate, Stated Percentage	3.62%
Wells Fargo Term Loan [Member]
Debt Instrument, Maturity Date	Jan. 31, 2023
Debt Instrument, Interest Rate, Stated Percentage	3.58%
Banco de Chile term loan [Member]
Debt Instrument, Maturity Date	Jan. 31, 2025
Debt Instrument, Interest Rate, Stated Percentage	6.48%

Long-Term Debt (Details Textual

Long-Term Debt (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016	Feb. 16, 2016	Jan. 20, 2016
Debt Instrument [Line Items]
Interest Costs Capitalized	$ 409,000	$ 497,000	$ 873,000	$ 1,004,000
Wells Fargo Equipment Finance, Inc. [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount						$ 10,000,000
Prepayment Penalty Of Unpaid Balance						2.00%
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			$ 100,000,000
Farm Credit West Term Loan Four [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.62%		3.62%
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
Banco De Chile Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.48%		6.48%

Derivative Instrument and Hed67

Derivative Instrument and Hedging Activities (Details) - forward interest rate swap [Member] - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 40,000,000	$ 40,000,000
Derivative Liability, Fair Value Liability	$ 589,000	$ 1,151,000

Derivative Instrument and Hed68

Derivative Instrument and Hedging Activities (Parenthetical) (Details)	6 Months Ended
	Apr. 30, 2017
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 Instrument and Hed69

Derivative Instrument and Hedging Activities (Details Textual) - Forward Interest Rate Swaps [Member] - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Derivative [Line Items]
Derivative, Fixed Interest Rate	4.30%	4.30%
Derivative Liability, Notional Amount	$ 40,000,000	$ 40,000,000

Basic and Diluted Net Income 70

Basic and Diluted Net Income (loss) per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Basic net income (loss) per common share:
Numerator: Net income (loss) applicable to common stock	$ 3,385,000	$ 1,065,000	$ 1,158,000	$ (3,005,000)
Denominator: Weighted average common shares-basic	14,269,000	14,174,000	14,236,000	14,159,000
Basic net income (loss) per common share	$ 0.24	$ 0.08	$ 0.08	$ (0.21)
Diluted net income (loss) per common share:
Numerator: Net income (loss) for diluted EPS	$ 3,478,000	$ 1,065,000	$ 1,158,000	$ (3,005,000)
Denominator: Weighted average common shares-basic	14,269,000	14,174,000	14,236,000	14,159,000
Effect of dilutive preferred stock	450,000	0	0	0
Weighted average common shares-diluted	14,719,000	14,174,000	14,236,000	14,159,000
Diluted net income (loss) per common share	$ 0.24	$ 0.08	$ 0.08	$ (0.21)

Related-Party Transactions (Det

Related-Party Transactions (Details Textual)	Feb. 05, 2015USD ($)	Aug. 14, 2014USD ($)	Dec. 31, 2016USD ($)	Apr. 30, 2017USD ($)ashares	Apr. 30, 2016USD ($)	Apr. 30, 2017USD ($)ashares	Apr. 30, 2016USD ($)	Oct. 31, 2016USD ($)	Feb. 24, 2017	Oct. 31, 2014
Related Party Transaction [Line Items]
Rental Income				$ 24,000	$ 15,000	$ 41,000	$ 15,000
Due from Related Parties				$ 460,000		$ 460,000		$ 791,000
Equity Method Investment, Ownership Percentage				90.00%		90.00%				35.00%
Income (Loss) from Equity Method Investments				$ (141,000)	(143,000)	$ (67,000)	(29,000)
Payments to Acquire Equity Method Investments						4,450,000	450,000
Proceeds from Equity Method Investment, Dividends or Distributions						$ 134,000	0
Limoneira Company [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage				47.00%		47.00%			35.00%
Equity Method Investment, Additional Ownership Percentage		12.00%		12.00%		12.00%
Fruticola Pan de Azucar S.A. [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties						$ 223,000
Management [Member]
Related Party Transaction [Line Items]
Operating Leases, Rent Expense, Net, Total						$ 12,000	12,000
Land Subject to Ground Leases | a				31		31
Series B Two Preferred Stock [Member]
Related Party Transaction [Line Items]
Temporary Equity, Shares Issued | shares				9,300		9,300
Employee [Member]
Related Party Transaction [Line Items]
Rental Income				$ 180,000	183,000	$ 368,000	334,000
Mutual Water Companies [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party				80,000	89,000	718,000	742,000
Due to Related Parties				341,000		341,000		131,000
Cooperative Association [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party				409,000	434,000	981,000	890,000
Due to Related Parties				6,000		6,000		87,000
Board Of Directors [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party				701,000	573,000	976,000	628,000
Due to Related Parties				831,000		831,000		877,000
Calavo Growers, Inc. [Member]
Related Party Transaction [Line Items]
Rental Income				71,000	70,000	142,000	138,000
Investment Income, Dividend						270,000	288,000
Due from Related Parties				952,000		952,000		0
Calavo Growers, Inc. [Member] | Avocado [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties				2,029,000	1,186,000	$ 2,029,000	1,188,000
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				68,000	75,000	$ 96,000	119,000
Cadiz [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Lease Expense Per Acre						200
Cadiz [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Lease Expense Per Acre						1,200
Colorado River Growers [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties				0	45,000	303,000	274,000
Due from Related Parties				0		0		181,000
Payments for Advance to Affiliate				68,000	304,000	2,825,000	2,888,000
Yuma Mesa Irrigation And Drainage District [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party				52,000	53,000	67,000	70,000
Revenue from Related Parties				0	51,000	34,000	101,000
Lease Expense Per Acre			$ 750
Rosales [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties					53,000	210,000		0
Equity Method Investment, Ownership Percentage		35.00%
Income (Loss) from Equity Method Investments				43,000	56,000	46,000	66,000
Amortization of Intangible Assets				52,000	52,000	104,000	104,000
Payments to Acquire Equity Method Investments		$ 1,750,000
Rosales [Member] | Lemons [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties				362,000		610,000	53,000
Limco Del Mar Limited [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party				662,000	342,000	662,000	342,000
Income (Loss) from Equity Method Investments				$ (46,000)	(34,000)	$ 137,000	141,000
Limco Del Mar Limited [Member] | General Partner [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage				1.30%		1.30%
Limco Del Mar Limited [Member] | Limited Partner [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage				26.80%		26.80%
Limco Del Mar Limited [Member] | Management, Development, and Accounting Services [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties				$ 35,000	$ 36,000	$ 69,000	$ 67,000
Fenner Valley Farms, LLC [Member]
Related Party Transaction [Line Items]
Due to Related Parties				$ 43,000		$ 43,000		$ 25,000

Income Taxes (Details Textual)

Income Taxes (Details Textual)	6 Months Ended
	Apr. 30, 2017
Effective Income Tax Rate Reconciliation, Percent, Total	38.50%

Retirement Plans (Details)

Retirement Plans (Details) - Pension Plan [Member] - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Administrative expenses	$ 76,000	$ 31,000	$ 152,000	$ 62,000
Interest cost	194,000	209,000	388,000	418,000
Expected return on plan assets	(263,000)	(269,000)	(526,000)	(538,000)
Prior service cost	11,000	0	22,000	0
Recognized actuarial loss	208,000	186,000	416,000	372,000
Net periodic benefit cost	$ 226,000	$ 157,000	$ 452,000	$ 314,000

Retirement Plans (Details Textu

Retirement Plans (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension Contributions	$ 150,000	$ 125,000	$ 425,000	$ 125,000

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Other Long-Term Liabilities [Line Items]
Minimum pension liability	$ 5,230,000	$ 5,619,000
Fair value of derivative instrument	85,000	461,000
Deferred gain and other	63,000	47,000
Other long-term liabilities	$ 5,378,000	$ 6,127,000

Series B and Series B-2 Prefe76

Series B and Series B-2 Preferred Stock (Details Textual) - USD ($)	1 Months Ended					6 Months Ended	12 Months Ended
	May 31, 2017	Apr. 30, 2017	Nov. 30, 2016	Apr. 30, 2016	Sep. 30, 2015	Apr. 30, 2017	Oct. 31, 2016
Common Stock [Member]
Temporary Equity [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion		130,662	8,937	6,250	6,250	130,662
Series B Preferred Stock [Member]
Temporary Equity [Line Items]
Preferred stock, par value per share		$ 100				$ 100
Preferred stock, shares issued		30,000				30,000
Cumulative cash dividend percentage						8.75%	8.75%
Conversion price		$ 8				$ 8
Convertible Preferred Stock, Shares Issued upon Conversion	38,025	130,662				130,662
Conversion of Stock, Shares Converted	3,042	10,453	715	500	500
Stock Redeemed or Called During Period, Shares						14,790
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				$ 100
Preferred stock, shares issued		9,300				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	$ 1,000

Stock-based Compensation (Detai

Stock-based Compensation (Details) - Selling, General and Administrative Expenses [Member] - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Share-based compensation expense	$ 293,000	$ 120,000	$ 557,000	$ 240,000
2,014
Share-based compensation expense	0	88,000	$ 0	176,000
Shares granted			42,085
2,015
Share-based compensation expense	36,000	32,000	$ 72,000	64,000
Shares granted			27,424
2,016
Share-based compensation expense	64,000	0	$ 128,000	0
Shares granted			44,998
2,017
Share-based compensation expense	$ 193,000	$ 0	$ 357,000	$ 0
Shares granted			0

Stock-based Compensation (Det78

Stock-based Compensation (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Apr. 30, 2017	Apr. 30, 2016	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Management [Member]
Class of Stock [Line Items]
Shares exchanged for payroll tax	14,773	12,433
Fair value of shares exchanged	$ 294,000	$ 190,000
Stock Compensation Plan [Member]
Class of Stock [Line Items]
Unrecognized compensation cost, recognition period			2 years
Stock Compensation Plan [Member] | Management [Member]
Class of Stock [Line Items]
Shares granted					44,998	27,424	42,085
Common stock per share					$ 19.92	$ 15.29	$ 25.35
Cost from stock compensation					$ 896,000	$ 410,000	$ 1,071,000
Share-based compensation expense					$ 544,000	$ 130,000	$ 367,000
Stock Compensation Plan [Member] | Nonemployee Directors [Member]
Class of Stock [Line Items]
Shares granted	18,956	21,905
Share-based compensation expense			$ 323,000	$ 273,000

Segment Information (Details)

Segment Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Segment Reporting Information [Line Items]
Revenues	$ 36,893,000	$ 27,365,000	$ 64,985,000	$ 52,352,000
Depreciation and amortization			3,191,000	2,413,000
Selling, general and administrative expenses	(3,116,000)	(2,844,000)	(6,963,000)	(6,308,000)
Operating income (loss)	6,212,000	2,215,000	2,973,000	(4,119,000)
Lemon operations [Member]
Segment Reporting Information [Line Items]
Revenues	26,170,000	20,778,000	52,159,000	42,643,000
Costs and expenses	18,778,000	16,474,000	40,599,000	38,105,000
Operating income (loss)	7,392,000	4,304,000	11,560,000	4,538,000
Other agribusiness [Member]
Segment Reporting Information [Line Items]
Revenues	9,247,000	5,168,000	10,027,000	6,870,000
Costs and expenses	6,306,000	3,750,000	9,494,000	6,704,000
Operating income (loss)	(160,000)	(187,000)	(245,000)	(1,611,000)
Rental Operations [Member]
Segment Reporting Information [Line Items]
Revenues	1,476,000	1,411,000	2,799,000	2,819,000
Costs and expenses	763,000	686,000	1,629,000	1,464,000
Depreciation and amortization	187,000	187,000	376,000	358,000
Operating income (loss)	2,941,000	1,418,000	533,000	166,000
Real Estate Development [Member]
Segment Reporting Information [Line Items]
Revenues	0	8,000	0	20,000
Costs and expenses	160,000	180,000	245,000	1,601,000
Depreciation and amortization	0	15,000	0	30,000
Operating income (loss)	526,000	538,000	794,000	997,000
Lemon and other agribusiness [Member]
Segment Reporting Information [Line Items]
Lemon and other agribusiness depreciation and amortization	1,371,000	1,014,000	2,706,000	1,901,000
Operating income (loss)	$ 8,962,000	$ 4,708,000	$ 9,387,000	$ 2,803,000

Segment Information (Details 1)

Segment Information (Details 1) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	$ 35,417,000	$ 25,946,000	$ 62,186,000	$ 49,513,000
Rental operations revenues	1,476,000	1,411,000	2,799,000	2,819,000
Real estate development revenues	0	8,000	0	20,000
Total revenues	36,893,000	27,365,000	64,985,000	52,352,000
Lemon operations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	26,170,000	20,778,000	52,159,000	42,643,000
Other agribusiness [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	9,247,000	5,168,000	10,027,000	6,870,000
Avocados [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	2,029,000	1,186,000	2,029,000	1,188,000
Navel and Valencia oranges [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	4,918,000	2,644,000	5,421,000	3,685,000
Specialty citrus and other crops [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	2,300,000	1,338,000	2,577,000	1,997,000
Residential And Commercial Rentals [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	888,000	886,000	1,782,000	1,752,000
Leased Land [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	371,000	454,000	742,000	945,000
Organic recycling [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	$ 217,000	$ 71,000	$ 275,000	$ 122,000

Segment Information (Details Te

Segment Information (Details Textual) - USD ($)	3 Months Ended			6 Months Ended
	Apr. 30, 2017	Oct. 31, 2016	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Segment Reporting Information [Line Items]
Operating Income (Loss), Total	$ 6,212,000		$ 2,215,000	$ 2,973,000	$ (4,119,000)
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	$ 526,000		538,000	$ 794,000	997,000
Windfall Investors, LLC [Member] | Real Estate Development And Sales [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss), Total			$ 143,000		$ 372,000