Limoneira (LMNR) 10-Q 10 Mar 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Jan. 31, 2022	Feb. 28, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2022
Document Transition Report	false
Entity File Number	001-34755
Entity Registrant Name	LIMONEIRA COMPANY
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0260692
Entity Address, Address Line One	1141 Cummings Road
Entity Address, City or Town	Santa Paula
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	93060
City Area Code	805
Local Phone Number	525-5541
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	LMNR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		17,672,320
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001342423
Current Fiscal Year End Date	--10-31

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Current assets:
Cash	$ 816	$ 439
Accounts receivable, net	20,868	17,483
Cultural costs	4,846	7,500
Prepaid expenses and other current assets	12,848	10,709
Receivables/other from related parties	4,840	5,958
Total current assets	44,218	42,089
Property, plant and equipment, net	240,499	242,420
Real estate development	22,813	22,828
Equity in investments	64,123	64,072
Goodwill	1,528	1,527
Intangible assets, net	8,162	8,329
Other assets	12,579	11,011
Total assets	393,922	392,276
Current liabilities:
Accounts payable	7,813	8,963
Growers and suppliers payable	9,213	10,371
Accrued liabilities	7,370	6,542
Payables to related parties	7,811	6,976
Current portion of long-term debt	2,401	2,472
Total current liabilities	34,608	35,324
Long-term liabilities:
Long-term debt, less current portion	142,148	130,353
Deferred income taxes	20,230	22,853
Other long-term liabilities	5,524	4,501
Total liabilities	202,510	193,031
Commitments and contingencies (See Note 16)	0	0
Stockholders' Equity:
Common Stock – $0.01 par value (39,000,000 shares authorized: 17,951,015 and 17,936,377 shares issued and 17,700,038 and 17,685,400 shares outstanding at January 31, 2022 and October 31, 2021, respectively)	180	179
Additional paid-in capital	164,061	163,965
Retained earnings	13,581	21,552
Accumulated other comprehensive loss	(5,606)	(5,733)
Treasury stock, at cost, 250,977 shares at January 31, 2022 and October 31, 2021	(3,493)	(3,493)
Noncontrolling interest	11,879	11,965
Total stockholders' equity	180,602	188,435
Total liabilities and stockholders' equity	393,922	392,276
Series B Convertible Preferred Stock
Long-term liabilities:
Convertible preferred stock	1,479	1,479
Series B-2 Preferred
Long-term liabilities:
Convertible preferred stock	9,331	9,331
Series A Junior Participating Preferred Stock
Stockholders' Equity:
Series A Junior Participating Preferred Stock – $0.01 par value (20,000 shares authorized: zero issued or outstanding at January 31, 2022 and October 31, 2021)	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended	12 Months Ended
	Jan. 31, 2022	Oct. 31, 2021
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	39,000,000	39,000,000
Common stock, shares issued (in shares)	17,951,015	17,936,377
Common stock, shares outstanding (in shares)	17,700,038	17,685,400
Treasury stock (in shares)	250,977	250,977
Series B Convertible Preferred Stock
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Preferred stock, shares authorized (in shares)	50,000	50,000
Preferred stock, shares issued (in shares)	14,790	14,790
Preferred stock, shares outstanding (in shares)	14,790	14,790
Preferred stock coupon rate (percentage)	8.75%	8.75%
Series B-2 Preferred
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Preferred stock, shares authorized (in shares)	10,000	10,000
Preferred stock, shares issued (in shares)	9,300	9,300
Preferred stock, shares outstanding (in shares)	9,300	9,300
Preferred stock coupon rate (percentage)	4.00%	4.00%
Liquidation preference per share (in dollars per share)	$ 1,000	$ 1,000
Series A Junior Participating Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	20,000	20,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Net revenues:
Agribusiness	$ 38,083	$ 37,137
Other operations	1,191	1,138
Total net revenues	39,274	38,275
Costs and expenses:
Agribusiness	41,244	36,938
Other operations	1,074	1,082
Gain on disposal of assets	(85)	0
Selling, general and administrative	6,599	5,895
Total costs and expenses	48,832	43,915
Operating loss	(9,558)	(5,640)
Other income:
Interest income	21	43
Interest expense, net of patronage dividends	215	134
Equity in earnings of investments, net	51	366
Other income (expense), net	15	(6)
Total other income	302	537
Loss before income tax benefit	(9,256)	(5,103)
Income tax benefit	2,650	1,187
Net loss	(6,606)	(3,916)
Net loss (income) attributable to noncontrolling interest	88	(292)
Net loss attributable to Limoneira Company	(6,518)	(4,208)
Preferred dividends	(125)	(125)
Net loss attributable to common stock	$ (6,643)	$ (4,333)
Basic net loss per common share (in dollars per share)	$ (0.38)	$ (0.25)
Diluted net loss per common share (in dollars per share)	$ (0.38)	$ (0.25)
Weighted-average common shares outstanding-basic (in shares)	17,448	17,405
Weighted-average common shares outstanding-diluted (in shares)	17,448	17,405
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Agribusiness	Agribusiness
Cost, Product and Service [Extensible List]	Agribusiness	Agribusiness

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (6,606)	$ (3,916)
Other comprehensive income, net of tax:
Foreign currency translation adjustments	55	795
Minimum pension liability adjustment, net of tax of $27 and $51 for the three months ended January 31, 2022 and 2021, respectively.	72	134
Total other comprehensive income, net of tax	127	929
Comprehensive loss	(6,479)	(2,987)
Comprehensive loss (income) attributable to noncontrolling interest	86	(331)
Comprehensive loss attributable to Limoneira Company	$ (6,393)	$ (3,318)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Statement of Other Comprehensive Income [Abstract]
Minimum pension liability adjustment, tax	$ 27	$ 51

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY - USD ($) $ in Thousands	Total	Series B Preferred	Series B-2 Preferred	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained EarningsSeries B Preferred	Retained EarningsSeries B-2 Preferred	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Noncontrolling Interest
Beginning balance (in shares) at Oct. 31, 2020				17,606,730
Beginning balance at Oct. 31, 2020	$ 195,760			$ 179	$ 162,084	$ 30,797			$ (7,548)	$ (3,493)	$ 13,741
Stockholders' Equity
Dividends Common	(1,324)					(1,324)
Dividends Preferred		$ (32)	$ (93)				$ (32)	$ (93)
Stock compensation (in shares)				125,190
Stock compensation	1,067			$ 1	1,066
Exchange of common stock (in shares)				(46,993)
Exchange of common stock	(701)			$ (1)	(700)
Net income (loss)	(3,916)					(4,208)					292
Other comprehensive income, net of tax	968								929		39
Ending balance (in shares) at Jan. 31, 2021				17,684,927
Ending balance at Jan. 31, 2021	191,729			$ 179	162,450	25,140			(6,619)	(3,493)	14,072
Beginning balance, temporary equity at Oct. 31, 2020		1,479	9,331
Ending balance, temporary equity at Jan. 31, 2021		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2021				17,685,400
Beginning balance at Oct. 31, 2021	188,435			$ 179	163,965	21,552			(5,733)	(3,493)	11,965
Stockholders' Equity
Dividends Common	(1,328)					(1,328)
Dividends Preferred		(32)	(93)				$ (32)	$ (93)
Stock compensation (in shares)				70,000
Stock compensation	997			$ 1	996
Exchange of common stock (in shares)				(55,362)
Exchange of common stock	(900)				(900)
Net income (loss)	(6,606)					(6,518)					(88)
Other comprehensive income, net of tax	129								127		2
Ending balance (in shares) at Jan. 31, 2022				17,700,038
Ending balance at Jan. 31, 2022	$ 180,602			$ 180	$ 164,061	$ 13,581			$ (5,606)	$ (3,493)	$ 11,879
Beginning balance, temporary equity at Oct. 31, 2021		1,479	9,331
Ending balance, temporary equity at Jan. 31, 2022		$ 1,479	$ 9,331

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Dividends - Common (in dollars per share)	$ 0.075	$ 0.075
Series B Preferred
Dividends - Preferred (in dollars per share)	2.19	2.19
Series B-2 Preferred
Dividends - Preferred (in dollars per share)	$ 10	$ 10

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Operating activities
Net loss	$ (6,606)	$ (3,916)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	2,480	2,501
Gain on disposal of assets	(85)	0
Stock compensation expense	997	1,066
Non-cash lease expense	152	121
Equity in earnings of investments, net	(51)	(366)
Deferred income taxes	(2,650)	(1,187)
Other, net	213	142
Changes in operating assets and liabilities:
Accounts receivable and receivables/other from related parties	(2,188)	(6,115)
Cultural costs	2,654	2,918
Prepaid expenses and other current assets	(1,676)	(255)
Income taxes receivable	0	4,963
Other assets	29	(54)
Accounts payable and growers and suppliers payable	(2,666)	(307)
Accrued liabilities and payables to related parties	1,347	(1,116)
Other long-term liabilities	(112)	(185)
Net cash used in operating activities	(8,162)	(1,790)
Investing activities
Capital expenditures	(2,080)	(3,415)
Net proceeds from sale of assets	1,090	0
Collection on loan and note receivable	250	25
Investments in mutual water companies and water rights	0	(190)
Net cash used in investing activities	(740)	(3,580)
Financing activities
Borrowings of long-term debt	44,439	27,632
Repayments of long-term debt	(32,731)	(18,798)
Principal paid on finance leases	(69)	0
Dividends paid – common	(1,328)	(1,324)
Dividends paid – preferred	(125)	(125)
Exchange of common stock	(900)	(700)
Net cash provided by financing activities	9,286	6,685
Effect of exchange rate changes on cash	(7)	25
Net increase in cash	377	1,340
Cash at beginning of period	439	501
Cash at end of period	816	1,841
Supplemental disclosures of cash flow information
Cash paid during the period for interest, net of amounts capitalized	618	969
Cash paid (received) during the period for income taxes, net	0	(4,997)
Non-cash investing and financing activities:
Capital expenditures accrued but not paid at period-end	25	0
Accrued contribution obligation of investment in water company	$ 450	$ 0

Organization and Basis of Prese

Organization and Basis of Presentation	3 Months Ended
	Jan. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation Business Limoneira Company (together with its consolidated subsidiaries, the “Company”) engages primarily in growing citrus and avocados, picking and hauling citrus, and packing, marketing and selling citrus. The Company is also engaged in residential rentals and other rental operations and real estate development activities. The Company markets and sells citrus directly to food service, wholesale and retail customers throughout the United States, Canada, Asia, Europe 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. Through fiscal year 2021, the Company sold the majority of its avocado production to Calavo Growers, Inc. (“Calavo”), a packing and marketing company listed on the NASDAQ Global Select Market under the symbol CVGW. In February 2022, the Company terminated its Avocado Marketing Agreement and the associated Letter Agreement Regarding Fruit Commitment with Calavo to pursue opportunities with other packing and marketing companies. Basis of Presentation and Preparation The accompanying unaudited interim consolidated financial statements include the accounts of the Company and the accounts of all the subsidiaries and investments in which the Company holds a controlling interest. Intercompany balances and transactions have been eliminated in consolidation. In the opinion of the Company, the unaudited interim consolidated financial statements reflect all adjustments, which are normal and recurring in nature, necessary for fair financial statement presentation. The preparation of these unaudited interim consolidated financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain information and footnote disclosures normally included in the annual consolidated financial statements have been condensed or omitted pursuant to the rules and regulations of the SEC. Because the consolidated financial statements do not include all of the information and notes required by GAAP for a complete set of consolidated financial statements, they should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jan. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Comprehensive Loss Comprehensive loss represents all changes in a company’s net assets, except changes resulting from transactions with stockholders. Other comprehensive income or loss primarily includes foreign currency translation items and defined benefit pension items. Accumulated other comprehensive loss is reported as a component of the Company's stockholders' equity. The following table summarizes other comprehensive income by component (in thousands): Three Months Ended January 31, 2022 2021 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ 55 $ — $ 55 $ 795 $ — $ 795 Minimum pension liability adjustments: Other comprehensive gain before reclassifications 99 (27) 72 185 (51) 134 Other comprehensive income $ 154 $ (27) $ 127 $ 980 $ (51) $ 929 2. Summary of Significant Accounting Policies (continued) Comprehensive Loss (continued) The following table summarizes the changes in accumulated other comprehensive (loss) income by component (in thousands): Foreign Currency Translation (Loss) Gain Defined Benefit Pension Plan Accumulated Other Comprehensive (Loss) Income Balance at October 31, 2021 $ (3,754) $ (1,979) $ (5,733) Other comprehensive income 55 72 127 Balance at January 31, 2022 $ (3,699) $ (1,907) $ (5,606) Foreign Currency Translation (Loss) Gain Defined Benefit Pension Plan Accumulated Other Comprehensive (Loss) Income Balance at October 31, 2020 $ (3,069) $ (4,479) $ (7,548) Other comprehensive income 795 134 929 Balance at January 31, 2021 $ (2,274) $ (4,345) $ (6,619) COVID-19 Pandemic There is uncertainty around the breadth and duration of the Company's business disruptions related to the COVID-19 pandemic. The decline in demand for the Company's products beginning the second quarter of fiscal year 2020, which it believes was due to the COVID-19 pandemic, negatively impacted its sales and profitability for the last three quarters of fiscal year 2020, all of fiscal year 2021, and the first quarter of fiscal year 2022. The Company also expects COVID-19 to have some impact to its sales and profitability in future periods. The duration of these trends and the magnitude of such impacts are uncertain and therefore cannot be estimated at this time, as they are influenced by a number of factors, many of which are outside management’s control. The full impact of the COVID-19 pandemic on the Company's results of operations, financial condition, and liquidity, including its ability to comply with debt covenants, for fiscal year 2022 and beyond, is driven by estimates that contain uncertainties. Recent Accounting Pronouncements FASB ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity This amendment simplifies accounting for convertible instruments by removing major separation models currently required under GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share (EPS) calculation in certain areas.

Concentrations and Geographic I

Concentrations and Geographic Information	3 Months Ended
	Jan. 31, 2022
Risks and Uncertainties [Abstract]
Concentrations and Geographic Information	Concentrations and Geographic Information Concentrations of credit risk with respect to revenues and trade receivable are limited due to a large, diverse customer base. Two individual customers represented 15% and 12% of revenue, respectively, for the three months ended January 31, 2022. One individual customer represented 23% of revenues for the three months ended January 31, 2021. One individual customer represented 12% of accounts receivable, net as of January 31, 2022. No individual customer represented more than 10% of accounts receivable, net as of October 31, 2021. Lemons procured from third-party growers were 57% and 48% of the Company's lemon supply for the three months ended January 31, 2022 and 2021, respectively. One third-party grower was 20% and 26% of the lemon supply for the three months ended January 31, 2022 and 2021, respectively. 3. Concentrations and Geographic Information (continued) During the three months ended January 31, 2022 and 2021, the Company had approximately $208,000 and $1,027,000, respectively, of total sales in Chile by Fruticola Pan de Azucar S.A. ("PDA") and Agricola San Pablo SpA ("San Pablo"). During the three months ended January 31, 2022 and 2021, the Company had approximately $147,000 and $1,671,000, respectively, of total sales in Argentina by Trapani Fresh.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	3 Months Ended
	Jan. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following (in thousands): January 31, 2022 October 31, 2021 Prepaid supplies and insurance $ 3,401 $ 2,521 Note receivable and related interest 2,188 2,438 Real estate development held for sale 2,543 2,543 Sales tax receivable 502 909 Lemon supplier advances and other 4,214 2,298 $ 12,848 $ 10,709

Real Estate Development

Real Estate Development	3 Months Ended
	Jan. 31, 2022
Real Estate [Abstract]
Real Estate Development	Real Estate Development Real estate development assets are comprised primarily of land and land development costs and consist of the following (in thousands): January 31, 2022 October 31, 2021 East Area I - Retained Property $ 13,343 $ 13,335 East Area II 9,470 9,493 $ 22,813 $ 22,828 East Area I, Retained Property and East Area 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. In November 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 (“LLCB”) as the development entity, contributed its East Area I property to LLCB and sold a 50% interest in LLCB to Lewis for $20,000,000. The Company and LLCB also entered into a Retained Property Development Agreement on the Transaction Date (the "Retained Property Agreement"). Under the terms of the Retained Property Agreement, LLCB transferred certain contributed East Area I property, which is entitled for commercial development, back to the Company (the "Retained Property") and arranged for the design and construction of certain improvements to the Retained Property, subject to certain reimbursements by the Company. The balance in Retained Property and East Area II includes estimated costs incurred by and reimbursable to LLCB of $5,771,000 at January 31, 2022 and October 31, 2021, which is included in payables to related parties. In January 2018, LLCB entered into a $45,000,000 unsecured Line of Credit Loan Agreement and Promissory Note (the “Loan”) with Bank of America, N.A. to fund early development activities. The Loan, as modified and extended, matures February 22, 2023. The interest rate on the Loan is LIBOR plus 2.85% and is payable monthly. The Loan contains certain customary default provisions and LLCB may prepay any amounts outstanding under the Loan without penalty. The joint venture had an outstanding balance of $4,900,000 as of January 31, 2022. The Loan has a one year extension option through February 22, 2024 subject to terms and conditions as defined in the agreement, with the maximum borrowing amount reduced to $35,000,000 during the extension period. 5. Real Estate Development (continued) East Area I, Retained Property and East Area II (continued) In February 2018, the Company and certain principals from Lewis guaranteed the obligations under the Loan. The guarantee shall continue in effect until all of the Loan obligations are fully paid and the guarantors are jointly and severally liable for all Loan obligations in the event of default by LLCB. The $1,080,000 estimated value of the guarantee was recorded in the Company’s consolidated balance sheets and is included in other long-term liabilities with a corresponding value in equity in investments. Additionally, a Reimbursement Agreement was executed between the Lewis guarantors and the Company, which provides for unpaid liabilities of LLCB to be shared pro-rata by the Lewis guarantors and the Company in proportion to their percentage interest in the joint venture. Through January 31, 2022, the joint venture has closed the sales of the initial residential lots representing 586 residential units. Other Real Estate Development Projects The remaining real estate development parcel within the Templeton Santa Barbara, LLC project is described as Sevilla. In fiscal year 2020, the Company entered into an agreement to sell its Sevilla property for $2,700,000, which is expected to close in the third quarter of fiscal year 2022. After transaction and other costs, the Company expects to receive cash proceeds of approximately $2,550,000 and recognize an immaterial gain upon closing. At January 31, 2022 and October 31, 2021, the $2,543,000 carrying value of the property was classified as held for sale and included in prepaid expenses and other current assets. During December 2017, the Company sold its Centennial property with a net book value of $2,983,000 for $3,250,000. The Company received cash and a $3,000,000 promissory note secured by the property for the balance of the purchase. The promissory note was originally scheduled to mature in December 2019 but has been periodically extended with principal payments totaling $400,000 received through October 31, 2021. In November 2021, the promissory note was further extended to June 30, 2022 upon making a principal paydown of $250,000, which was paid in November 2021, and revising the interest rate to 4.00% per annum, with an option to further extend the maturity date of the promissory note to September 30, 2022 upon making an additional principal paydown of $250,000 by May 31, 2022. At January 31, 2022, the net carrying value of the note was $2,350,000 and classified in prepaid expenses and other current assets.

Equity in Investments

Equity in Investments	3 Months Ended
	Jan. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity in Investments	Equity in Investments Equity in investments consist of the following (in thousands): January 31, 2022 October 31, 2021 Limoneira Lewis Community Builders, LLC $ 60,216 $ 60,216 Limco Del Mar, Ltd. 2,131 1,997 Rosales 1,270 1,351 Romney Property Partnership 506 508 $ 64,123 $ 64,072 Amounts due from Rosales were $669,000 and $1,570,000 at January 31, 2022 and October 31, 2021, respectively, and are included in receivables/other from related parties. Unconsolidated Significant Subsidiary In accordance with Rule 10-01(b)(1) of Regulation S-X, which applies to interim reports on Form 10-Q, the Company must determine if its equity method investees are considered “significant subsidiaries." In evaluating its investments, there are two tests utilized to determine if equity method investees are considered significant subsidiaries: the income test and the investment test. Summarized income statement information of an equity method investee is required in an interim report if either of the two tests exceed 20% in the interim periods presented. During the year-to-date interim periods for the three months ended January 31, 2022 and 2021, this threshold was not met for any of the Company's equity investments and thus summarized income statement information is not required in this Quarterly Report on Form 10-Q.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	3 Months Ended
	Jan. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net A summary of the change in the carrying amount of goodwill is as follows (in thousands): Goodwill Carrying Amount Balance at October 31, 2021 $ 1,527 Foreign currency translation adjustment 1 Balance at January 31, 2022 $ 1,528 Goodwill is tested for impairment on an annual basis or when an event or changes in circumstances indicate that its carrying value may not be recoverable. There have been no impairment charges recorded against goodwill as of January 31, 2022. Intangible assets consisted of the following (in thousands): January 31, 2022 October 31, 2021 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life in Years Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life in Years Trade names and trademarks $ 2,108 (717) 1,391 8 $ 2,108 $ (663) $ 1,445 8 Customer relationships 4,037 (1,322) 2,715 9 4,037 (1,209) 2,828 9 Non-competition agreement 437 (36) 401 8 437 (22) 415 8 Acquired water and mineral rights 3,655 — 3,655 Indefinite 3,641 — 3,641 Indefinite $ 10,237 $ (2,075) $ 8,162 $ 10,223 $ (1,894) $ 8,329 Amortization expense totaled $181,000 and $263,000 for the three months ended January 31, 2022 and 2021, respectively. Estimated future amortization expense of intangible assets as of January 31, 2022 is as follows (in thousands): 2022 (excluding the three months ended January 31, 2022) $ 543 2023 724 2024 716 2025 711 2026 711 Thereafter 1,102 $ 4,507

Other Assets

Other Assets	3 Months Ended
	Jan. 31, 2022
Other Assets [Abstract]
Other Assets	Other Assets Investments in Mutual Water Companies The Company’s investments in various not-for-profit mutual water companies provide it with the right to receive a proportionate share of water from each of the not-for-profit mutual water companies that have been invested in and do not constitute voting shares and/or rights. As of January 31, 2022 and October 31, 2021, $6,454,000 and $5,994,000, respectively, were included in other assets.

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Jan. 31, 2022
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following (in thousands): January 31, 2022 October 31, 2021 Compensation $ 3,011 $ 2,112 Property taxes 202 676 Operating expenses 2,636 1,203 Leases 809 604 Other 712 1,947 $ 7,370 $ 6,542

Long-Term Debt

Long-Term Debt	3 Months Ended
	Jan. 31, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt is comprised of the following (in thousands): January 31, 2022 October 31, 2021 Farm Credit West revolving and non-revolving lines of credit: the interest rate of the revolving line of credit is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 0.10% at January 31, 2022, plus 1.85%. The interest rate for the $40.0 million outstanding balance of the non-revolving line of credit is fixed at 4.77% through July 1, 2022, 3.57% through July 1, 2025 and variable thereafter. Interest is payable monthly and the principal is due in full on July 1, 2026. $ 113,845 $ 111,293 Farm Credit West revolving equity line of credit: the interest rate is variable based on the Lender's variable interest rate plan, which was 2.50% at January 31, 2022. The loan is payable in interest-only monthly payments through April 2023 and monthly principal and interest payments thereafter, through February 2043. 9,930 — Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 2.48%. The loan is payable in quarterly installments through November 2022. 649 809 Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through October 2035. 960 974 Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through March 2036. 7,895 8,004 Farm Credit West term loan: Effective July 1, 2020 the interest rate was fixed at 2.77% until July 1, 2025, becoming variable for the remainder of the loan. The loan is payable in monthly installments through March 2036. 5,809 5,892 Farm Credit West term loan: Effective August 2, 2021, the interest rate was fixed at 3.19%. The loan is payable in monthly installments through September 2026. 2,358 2,475 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 791 1,011 Note Payable: the interest rate ranges from 5.00% to 7.00% and was 6.50% at January 31, 2022. The loan includes interest only monthly payments and principal is due in February 2023. 1,435 1,435 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48%. The loans are payable in monthly installments through September 2024. 379 411 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48% and 4.26%. The loans are payable in monthly installments through September 2026. 618 652 Subtotal 144,669 132,956 Less deferred financing costs, net of accumulated amortization 120 131 Total long-term debt, net 144,549 132,825 Less current portion 2,401 2,472 Long-term debt, less current portion $ 142,148 $ 130,353 In June 2021, the Company entered into a Master Loan Agreement (the “MLA”) with Farm Credit West, PCA (the "Lender") dated June 1, 2021, together with a revolving credit facility supplement (the “Revolving Credit Supplement”), a non-revolving credit facility supplement (the “Non-Revolving Credit Supplement,” and together with the Revolving Credit Supplement, the “Supplements”) and an agreement to convert to fixed interest rate for a period of time as described in the table above ("Fixed Interest Rate Agreement"). The MLA governs the terms of the Supplements. The MLA amends and restates the previous Master Loan Agreement between the Company and the Lender, dated June 19, 2017 and extends the principal repayment to July 1, 2026. In March 2020, the Company entered into a revolving equity line of credit promissory note and loan agreement with the Lender for a $15,000,000 Revolving Equity Line of Credit (the "RELOC") secured by a first lien on the Windfall Investors, LLC property. The RELOC matures in 2043 and features a 3-year draw period followed by 20 years of fully amortized loan payments. The interest rate is variable with monthly interest-only payments during the 3-year draw period and monthly principal and interest payments thereafter. The Supplements and RELOC provide aggregate borrowing capacity of $130,000,000 comprised of $75,000,000 under the Revolving Credit Supplement, $40,000,000 under the Non-Revolving Credit Supplement and $15,000,000 under the RELOC. 10. Long-Term Debt (continued) As of January 31, 2022 the Company's outstanding borrowings under the Supplements and RELOC were $123,775,000 and it had $6,225,000 available to borrow. For amounts outstanding under both Supplements and RELOC, interest will begin to be charged on the date the Lender disburses principal and will continue until the outstanding indebtedness under the Supplements is paid in full with interest. The interest rate in effect under the Revolving Credit Supplement automatically adjusted commencing July 1, 2021 and on the first day of each month thereafter. The interest rate for any amount outstanding under the Revolving Credit Supplement will be based on the one-month LIBOR rate plus or minus an applicable margin. The applicable margin will range from 1.75% to 2.35% depending on the ratio of current assets, plus the remaining available commitment divided by current liabilities. On July 1, 2022, and on each one-year anniversary thereafter, the Company has the option to convert the interest rate in use under the Revolving Credit Supplement from the preceding LIBOR-based calculation to a variable interest rate. Any amounts outstanding under the Revolving Credit Supplement will be due and payable in full on July 1, 2026. The Company may prepay any amounts outstanding under the Revolving Credit Supplement without penalty. The initial interest rate in effect under the Non-Revolving Credit Supplement was a fixed interest rate of 4.77% through July 1, 2022 and then will convert to a fixed interest rate of 3.57% per year until July 1, 2025 (the “Fixed Rate Term”). Thereafter, the interest rate will convert to a variable interest rate established by the Lender corresponding to the applicable interest rate group. Any amount outstanding under the Non-Revolving Credit Supplement is due and payable in full on July 1, 2026. The Company may not prepay any amounts under the outstanding Non-Revolving Credit Supplement during the Fixed Rate Term. Thereafter, the Company may prepay any amounts outstanding under the Non-Revolving Credit Supplement, provided that a fee equal to 0.50% of the amount prepaid and any other cost or loss suffered by the Lender must be paid with any prepayment. The interest rate in effect under the RELOC is a variable interest rate established by the Lender corresponding to the applicable interest rate group, which was 2.50% as of January 31, 2022. The interest rate may be adjusted automatically under the provisions of the Lender's variable interest rate plan. Any amount outstanding under the RELOC is due and payable in full on February 1, 2043. The Company may prepay any amounts outstanding under the RELOC without penalty. All indebtedness under the MLA and RELOC, including any indebtedness under the Supplements, is secured by a first lien on Company-owned stock or participation certificates, Company funds maintained with the Lender, the Lender’s unallocated surplus, and certain of the Company’s agricultural properties in Tulare and Ventura counties in California and certain of the Company’s building fixtures and improvements and investments in mutual water companies associated with the pledged agricultural properties. The MLA includes customary default provisions that provide should an event of default occur, the Lender, at its option, may declare all or any portion of the indebtedness under the MLA to be immediately due and payable without demand, notice of nonpayment, protest or prior recourse to collateral, and terminate or suspend the Company’s right to draw or request funds on any loan or line of credit. The MLA subjects the Company to affirmative and restrictive covenants including, among other customary covenants, financial reporting requirements, requirements to maintain and repair any collateral, restrictions on the sale of assets, restrictions on the use of proceeds, prohibitions on the incurrence of additional debt and restrictions on the purchase or sale of major assets of the Company’s business. The Company is also subject to a financial covenant that requires it to maintain compliance with a specific debt service coverage ratio greater than or equal to 1.25:1 when measured at October 31, 2022 and annually thereafter. In December 2021, the Lender declared an annual cash patronage dividend of 1.25% of average eligible loan balances. The Company accrued the $1,575,000 dividend receivable in prepaid expenses and other current assets at January 31, 2022, which was received in the second quarter of fiscal year 2022. In December 2020, Farm Credit West declared an annual cash patronage dividend of 1.50% of average eligible loan balances. The Company accrued the $1,170,000 dividend receivable in prepaid expenses and other current assets at January 31, 2021, which was received in the second quarter of fiscal year 2021. Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of zero during the three months ended January 31, 2022 and 2021, respectively. Capitalized interest is included in property, plant and equipment and real estate development assets in the Company’s consolidated balance sheets.

Leases

Leases	3 Months Ended
	Jan. 31, 2022
Leases [Abstract]
Leases	Leases Lessor Arrangements The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 21 years, with various renewal terms available. All of the residential rentals have month to month lease terms. The Company’s rental operations revenue consists of the following (in thousands): Three Months Ended 2022 2021 Operating lease revenue $ 1,118 $ 1,059 Variable lease revenue 73 79 Total lease revenue $ 1,191 $ 1,138 Lessee Arrangements The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land and packinghouse and farming equipment with remaining lease terms ranging from one Operating lease costs were $123,000 and $142,000 for the three months ended January 31, 2022 and 2021, respectively, which are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations. Finance lease costs and variable and short term lease costs were immaterial. Supplemental balance sheet information related to leases consists of the following (in thousands): Classification January 31, 2022 October 31, 2021 Assets Operating lease ROU assets Other assets $ 2,242 $ 2,041 Finance lease assets Other assets 2,116 1,142 Total lease assets $ 4,358 $ 3,183 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities and payables to related parties $ 471 $ 488 Current finance lease liabilities Accrued liabilities 473 249 Non-current operating lease liabilities Other long-term liabilities 1,799 1,648 Non-current finance lease liabilities Other long-term liabilities 1,612 884 Total lease liabilities $ 4,355 $ 3,269 11. Leases (continued) Lessee Arrangements (continued) Supplemental cash flow information related to leases consists of the following (in thousands): Three Months Ended 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 189 $ 189 Operating cash outflows from finance leases $ 12 $ — Financing cash outflows from finance leases $ 69 $ — ROU assets obtained in exchange for new operating lease liabilities $ 288 $ 271 Leased assets obtained in exchange for new finance lease liabilities $ 1,020 $ —
Leases	Leases Lessor Arrangements The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 21 years, with various renewal terms available. All of the residential rentals have month to month lease terms. The Company’s rental operations revenue consists of the following (in thousands): Three Months Ended 2022 2021 Operating lease revenue $ 1,118 $ 1,059 Variable lease revenue 73 79 Total lease revenue $ 1,191 $ 1,138 Lessee Arrangements The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land and packinghouse and farming equipment with remaining lease terms ranging from one Operating lease costs were $123,000 and $142,000 for the three months ended January 31, 2022 and 2021, respectively, which are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations. Finance lease costs and variable and short term lease costs were immaterial. Supplemental balance sheet information related to leases consists of the following (in thousands): Classification January 31, 2022 October 31, 2021 Assets Operating lease ROU assets Other assets $ 2,242 $ 2,041 Finance lease assets Other assets 2,116 1,142 Total lease assets $ 4,358 $ 3,183 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities and payables to related parties $ 471 $ 488 Current finance lease liabilities Accrued liabilities 473 249 Non-current operating lease liabilities Other long-term liabilities 1,799 1,648 Non-current finance lease liabilities Other long-term liabilities 1,612 884 Total lease liabilities $ 4,355 $ 3,269 11. Leases (continued) Lessee Arrangements (continued) Supplemental cash flow information related to leases consists of the following (in thousands): Three Months Ended 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 189 $ 189 Operating cash outflows from finance leases $ 12 $ — Financing cash outflows from finance leases $ 69 $ — ROU assets obtained in exchange for new operating lease liabilities $ 288 $ 271 Leased assets obtained in exchange for new finance lease liabilities $ 1,020 $ —

Basic and Diluted Net Loss per

Basic and Diluted Net Loss per Share	3 Months Ended
	Jan. 31, 2022
Earnings Per Share [Abstract]
Basic and Diluted Net Loss per Share	Basic and Diluted Net Loss per Share Basic net loss per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net loss per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of unvested, restricted stock and conversion of preferred stock. The computations for basic and diluted net loss per common share are as follows (in thousands, except per share amounts): Three Months Ended 2022 2021 Basic net loss per common share: Net loss applicable to common stock $ (6,643) $ (4,333) Less: Earnings allocated to unvested, restricted stock (13) (18) Numerator: Net loss for basic EPS (6,656) (4,351) Denominator: Weighted average common shares-basic 17,448 17,405 Basic net loss per common share $ (0.38) $ (0.25) Diluted net loss per common share: Net loss for basic EPS $ (6,656) $ (4,351) Effect of dilutive unvested, restricted stock and preferred stock — — Numerator: Net loss for diluted EPS (6,656) (4,351) Weighted average common shares–basic 17,448 17,405 Effect of dilutive unvested, restricted stock and preferred stock — — Denominator: Weighted average common shares–diluted 17,448 17,405 Diluted net loss per common share $ (0.38) $ (0.25) Diluted net loss per common share is computed using the more dilutive method of either the two-class method or the treasury stock method. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends as participating shares are included in computing earnings per share. The Company’s unvested, restricted stock awards qualify as participating shares. Diluted net loss per common share was calculated under the two-class method for the three months ended January 31, 2022. The Company excluded 226,000, unvested, restricted shares, as calculated under the treasury stock method, from its computation of diluted net loss per common share for the three months ended January 31, 2021.

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Jan. 31, 2022
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions The Company has transactions with equity method investments and various related-parties summarized in Note 6 - Equity in Investments and in the tables below (in thousands): January 31, 2022 October 31, 2021 Balance Sheet Balance Sheet Ref Related-Party Receivable/Other from Related Parties Other Assets Payables to Related Parties Other Long-Term Liabilities Receivable/Other from Related Parties Other Assets Payables to Related Parties Other Long-Term Liabilities 2 Mutual water companies $ — $ 459 $ 288 $ — $ — $ 432 $ 40 $ — 3 Cooperative association $ — $ — $ 83 $ — $ — $ — $ 19 $ — 5 Cadiz / Fenner / WAM $ — $ 1,347 $ 369 $ 1,258 $ — $ 1,386 $ 273 $ 1,297 8 FGF $ 4,171 $ 980 $ 1,300 $ — $ 4,598 $ 980 $ 832 $ — 9 LLCB $ — $ — $ 5,771 $ — $ — $ — $ 5,771 $ — 11 Third party growers $ — $ — $ — $ — $ — $ — $ 41 $ — Three Months Ended January 31, 2022 Three Months Ended January 31, 2021 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related-Party Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Dividends Paid Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Dividends Paid 1 Employees $ — $ 211 $ — $ — $ — $ 198 $ — $ — 2 Mutual water companies $ — $ — $ 139 $ — $ — $ — $ 442 $ — 3 Cooperative association $ — $ — $ 365 $ — $ — $ — $ 157 $ — 4 Calavo $ — $ 80 $ 2 $ 126 $ — $ 79 $ 1 $ 126 5 Cadiz / Fenner / WAM $ — $ — $ 717 $ — $ — $ — $ 150 $ — 6 Colorado River Growers $ — $ — $ — $ — $ 157 $ — $ 2,772 $ — 7 YMIDD $ — $ — $ 14 $ — $ — $ — $ 9 $ — 8 FGF $ 229 $ — $ 59 $ — $ 1,671 $ — $ 288 $ — (1) Employees - The Company rents certain of its residential housing assets to employees on a month-to-month basis and recorded rental income from employees. There were no rental payments due from employees at January 31, 2022 or October 31, 2021. (2) Mutual water companies - The Company has representation on the boards of directors of the mutual water companies in which the Company has investments, refer to Note 8 - Other Assets. The Company recorded capital contributions, purchased water and water delivery services and had water payments due to the mutual water companies. (3) Cooperative association - 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 from and had payments due to the cooperative association. (4) Calavo - Through January 2022, the Company had representation on the board of directors of Calavo. Calavo owns common stock of the Company and the Company pays dividends on such common stock to Calavo. Additionally, the Company leases office space to Calavo. (5) Cadiz / Fenner / WAM - A member of the Company’s board of directors serves as the CEO, President and a member of the board of directors of Cadiz, Inc. In 2013, the Company entered a long-term lease agreement (the “Lease”) with Cadiz Real Estate, LLC (“Cadiz”), a wholly owned subsidiary of Cadiz, Inc., and currently leases 670 acres located in eastern San Bernardino County, California. The annual base rental is equal to the sum of $200 per planted acre and 20% of gross revenues from the sale of harvested lemons (less operating expenses), not to exceed $1,200 per acre per year. In 2016, Cadiz assigned this lease to Fenner Valley Farms, LLC (“Fenner”), a subsidiary of Water Asset Management, LLC (“WAM”). An affiliate of WAM is the holder of 9,300 shares of the Company's Series B-2 convertible preferred stock. Upon the adoption of ASC 842, the Company recorded a right-of-use, or ROU asset and corresponding lease liability. 13. Related-Party Transactions (continued) (6) Colorado River Growers, Inc. (“CRG”) - The Company had representation on the board of directors of CRG, a non-profit cooperative association of fruit growers engaged in the agricultural harvesting business in Yuma County, Arizona. CRG was dissolved in August 2021. The Company paid harvest expense to CRG and provided harvest management and administrative services to CRG. (7) Yuma Mesa Irrigation and Drainage District (“YMIDD”) - The Company has representation on the board of directors of YMIDD. The Company purchased water from YMIDD and had immaterial amounts payable to them for such purchases. (8) FGF - The Company advances funds to FGF for fruit purchases, which are recorded as an asset until the sales occur and the remaining proceeds become due to FGF. Additionally, FGF provided farming, packing, by-product processing and administrative services to Trapani Fresh. The Company had a receivable from FGF for lemon sales and the sale of packing supplies and a payable due to FGF for fruit purchases and services. Effective March 1, 2021, Trapani Fresh sells the lemons it grows to FGF, who packs, markets, and sells the fruit to its customers. The Company also records revenue related to the licensing of intangible assets to FGF. (9) LLCB - Refer to Note 5 - Real Estate Development. (10) Freska - A member of the Company's board of directors is a majority shareholder of Freska Produce International, LLC ("Freska"). The Company had no avocado sales to Freska during the three months ended January 31, 2022 or 2021. (11) Third party growers - A member of the Company's board of directors markets lemons through the Company. The Company had payments due to the member for such lemon procurement.

Income Taxes

Income Taxes	3 Months Ended
	Jan. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe effective tax rate for the three months ended January 31, 2022 was higher than the federal statutory tax rate of 21% mainly due to foreign jurisdictions which are taxed at different rates, state taxes, tax impact of stock-based compensation, and nondeductible tax items. The Company has no material uncertain tax positions as of January 31, 2022. The Company recognizes interest expense and penalties related to income tax matters as a component of income tax expense. There was no accrued interest or penalties associated with uncertain tax positions as of January 31, 2022.

Retirement Plans

Retirement Plans	3 Months Ended
	Jan. 31, 2022
Retirement Benefits [Abstract]
Retirement Plans	Retirement Plans The Limoneira Company Retirement Plan (the “Plan”) is a noncontributory, defined benefit, single employer pension plan, which provides retirement benefits for all eligible employees. Benefits paid by the Plan are calculated based on years of service, highest five The Plan was funded consistent with the funding requirements of federal law and regulations. There were no funding contributions during the three months ended January 31, 2022 and 2021. Plan assets are invested in a group trust consisting primarily of pooled funds, mutual funds, short-term investment funds and cash. The components of net periodic pension cost for the Plan for the three months ended January 31, 2022 and 2021 were as follows (in thousands): Three Months Ended 2022 2021 Administrative expenses $ 180 $ 69 Interest cost 130 137 Expected return on plan assets (127) (236) Prior service cost 11 11 Recognized actuarial loss 99 185 Net periodic benefit cost $ 293 $ 166

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jan. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesThe 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.

Stock-based Compensation and Tr

Stock-based Compensation and Treasury Stock	3 Months Ended
	Jan. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock-based Compensation and Treasury Stock	Stock-based Compensation and Treasury Stock 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, key executives and non-employee directors. The fair value of such awards is based on the fair value of the Company’s stock on the date of grant and all are classified as equity awards. Performance Awards Certain restricted stock grants are made to management each December under the Stock Plan based on the achievement of certain annual financial performance and other criteria achieved during the previous fiscal year (“Performance Awards”). The Performance Awards are based on a percentage of the employee’s base salary divided by the stock price on the grant date once the performance criteria has been met, and generally vest over a two Executive Awards Certain restricted stock grants are made to key executives under the Stock Plan (“Executive Awards”). These grants generally vest over a three five Director Awards On an annual basis, the Company generally issues shares of common stock that vest upon grant to non-employee directors under the Stock Plan (“Director Awards”). During January 2021, 27,815 shares of common stock were granted as Director Awards. The Company recognized $469,000 of stock-based compensation to non-employee directors during the three months ended January 31, 2021. During the three months ended January 31, 2022 and 2021, respectively, members of management exchanged 55,362 and 46,993 shares of common stock with fair values of $900,000 and $701,000, at the date of the exchanges, for the payment of payroll taxes associated with the vesting of shares under the Company’s stock-based compensation programs. Treasury Stock Share Repurchase Program In fiscal year 2021, the Company's Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $10,000,000 of its outstanding shares of common stock through September 2022; no shares have been repurchased under this program.

Segment Information

Segment Information	3 Months Ended
	Jan. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information The Company operates in four reportable operating segments: fresh lemons, lemon packing, avocados and other agribusiness. The reportable operating segments of the Company are strategic business units with different products and services, distribution processes and customer bases. The fresh lemons segment includes sales, farming and harvesting expenses and third-party grower and supplier costs relative to fresh lemons. The lemon packing segment includes packing revenues and shipping and handling revenues relative to lemon packing. The lemon packing segment expenses are comprised of lemon packing costs. The lemon packing segment revenues include intersegment revenues between fresh lemons and lemon packing. The intersegment revenues are included gross in the segment note and a separate line item is shown as an elimination. The avocados segment includes sales, farming and harvest costs. The other agribusiness segment includes sales, farming and harvest costs of oranges, specialty citrus and other crops. Revenues related to rental operations are included in “Corporate and Other.” Other agribusiness revenues consisted of oranges of $873,000 and specialty citrus and other crops of $876,000 for the three months ended January 31, 2022. Other agribusiness revenues consisted of oranges of $1,091,000 and specialty citrus and other crops of $1,849,000 for the three months ended January 31, 2021. The Company does not separately allocate depreciation and amortization to its fresh lemons, lemon packing, avocados and other agribusiness segments. No asset information is provided for reportable operating 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, total other income (expense) and income taxes, or specifically identify them to its operating segments. The Company earns packing revenue for packing lemons grown on its orchards and lemons procured from third-party growers and suppliers. Intersegment revenues represent packing revenues related to lemons grown on the Company’s orchards. Segment information for the three months ended January 31, 2022 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 29,600 $ 5,968 $ — $ 766 $ 1,749 $ 38,083 $ 1,191 $ 39,274 Intersegment revenue — 6,589 (6,589) — — — — — Total net revenues 29,600 12,557 (6,589) 766 1,749 38,083 1,191 39,274 Costs and expenses 32,161 10,556 (6,589) 321 2,610 39,059 7,293 46,352 Depreciation and amortization — — — — — 2,185 295 2,480 Operating (loss) income $ (2,561) $ 2,001 $ — $ 445 $ (861) $ (3,161) $ (6,397) $ (9,558) Segment information for the three months ended January 31, 2021 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 29,300 $ 4,897 $ — $ — $ 2,940 $ 37,137 $ 1,138 $ 38,275 Intersegment revenue — 6,685 (6,685) — — — — — Total net revenues 29,300 11,582 (6,685) — 2,940 37,137 1,138 38,275 Costs and expenses 29,507 9,531 (6,685) — 2,373 34,726 6,688 41,414 Depreciation and amortization — — — — — 2,212 289 2,501 Operating (loss) income $ (207) $ 2,051 $ — $ — $ 567 $ 199 $ (5,839) $ (5,640)

Subsequent Events

Subsequent Events	3 Months Ended
	Jan. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsThe Company has evaluated events subsequent to January 31, 2022 through the date of this filing, 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 interim 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 Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jan. 31, 2022
Accounting Policies [Abstract]
Comprehensive Loss	Comprehensive Loss Comprehensive loss represents all changes in a company’s net assets, except changes resulting from transactions with stockholders. Other comprehensive income or loss primarily includes foreign currency translation items and defined benefit pension items. Accumulated other comprehensive loss is reported as a component of the Company's stockholders' equity.
Recent Accounting Pronouncements	Recent Accounting Pronouncements FASB ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity This amendment simplifies accounting for convertible instruments by removing major separation models currently required under GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share (EPS) calculation in certain areas.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Jan. 31, 2022
Accounting Policies [Abstract]
Schedule of Comprehensive Income (Loss) by Component	The following table summarizes other comprehensive income by component (in thousands): Three Months Ended January 31, 2022 2021 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ 55 $ — $ 55 $ 795 $ — $ 795 Minimum pension liability adjustments: Other comprehensive gain before reclassifications 99 (27) 72 185 (51) 134 Other comprehensive income $ 154 $ (27) $ 127 $ 980 $ (51) $ 929
Schedule of Accumulated Other Comprehensive Income (Loss) by Component	The following table summarizes the changes in accumulated other comprehensive (loss) income by component (in thousands): Foreign Currency Translation (Loss) Gain Defined Benefit Pension Plan Accumulated Other Comprehensive (Loss) Income Balance at October 31, 2021 $ (3,754) $ (1,979) $ (5,733) Other comprehensive income 55 72 127 Balance at January 31, 2022 $ (3,699) $ (1,907) $ (5,606) Foreign Currency Translation (Loss) Gain Defined Benefit Pension Plan Accumulated Other Comprehensive (Loss) Income Balance at October 31, 2020 $ (3,069) $ (4,479) $ (7,548) Other comprehensive income 795 134 929 Balance at January 31, 2021 $ (2,274) $ (4,345) $ (6,619)

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	3 Months Ended
	Jan. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consist of the following (in thousands): January 31, 2022 October 31, 2021 Prepaid supplies and insurance $ 3,401 $ 2,521 Note receivable and related interest 2,188 2,438 Real estate development held for sale 2,543 2,543 Sales tax receivable 502 909 Lemon supplier advances and other 4,214 2,298 $ 12,848 $ 10,709

Real Estate Development (Tables

Real Estate Development (Tables)	3 Months Ended
	Jan. 31, 2022
Real Estate [Abstract]
Schedule of Real Estate Development Assets	Real estate development assets are comprised primarily of land and land development costs and consist of the following (in thousands): January 31, 2022 October 31, 2021 East Area I - Retained Property $ 13,343 $ 13,335 East Area II 9,470 9,493 $ 22,813 $ 22,828

Equity in Investments (Tables)

Equity in Investments (Tables)	3 Months Ended
	Jan. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity in Investments	Equity in investments consist of the following (in thousands): January 31, 2022 October 31, 2021 Limoneira Lewis Community Builders, LLC $ 60,216 $ 60,216 Limco Del Mar, Ltd. 2,131 1,997 Rosales 1,270 1,351 Romney Property Partnership 506 508 $ 64,123 $ 64,072

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	3 Months Ended
	Jan. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Change in the Carrying Amount of Goodwill	A summary of the change in the carrying amount of goodwill is as follows (in thousands): Goodwill Carrying Amount Balance at October 31, 2021 $ 1,527 Foreign currency translation adjustment 1 Balance at January 31, 2022 $ 1,528
Indefinite-Lived Intangible Assets	Intangible assets consisted of the following (in thousands): January 31, 2022 October 31, 2021 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life in Years Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life in Years Trade names and trademarks $ 2,108 (717) 1,391 8 $ 2,108 $ (663) $ 1,445 8 Customer relationships 4,037 (1,322) 2,715 9 4,037 (1,209) 2,828 9 Non-competition agreement 437 (36) 401 8 437 (22) 415 8 Acquired water and mineral rights 3,655 — 3,655 Indefinite 3,641 — 3,641 Indefinite $ 10,237 $ (2,075) $ 8,162 $ 10,223 $ (1,894) $ 8,329
Finite-Lived Intangible Assets	Intangible assets consisted of the following (in thousands): January 31, 2022 October 31, 2021 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life in Years Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life in Years Trade names and trademarks $ 2,108 (717) 1,391 8 $ 2,108 $ (663) $ 1,445 8 Customer relationships 4,037 (1,322) 2,715 9 4,037 (1,209) 2,828 9 Non-competition agreement 437 (36) 401 8 437 (22) 415 8 Acquired water and mineral rights 3,655 — 3,655 Indefinite 3,641 — 3,641 Indefinite $ 10,237 $ (2,075) $ 8,162 $ 10,223 $ (1,894) $ 8,329
Estimated Future Amortization Expense of Intangible Assets	Estimated future amortization expense of intangible assets as of January 31, 2022 is as follows (in thousands): 2022 (excluding the three months ended January 31, 2022) $ 543 2023 724 2024 716 2025 711 2026 711 Thereafter 1,102 $ 4,507

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Jan. 31, 2022
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following (in thousands): January 31, 2022 October 31, 2021 Compensation $ 3,011 $ 2,112 Property taxes 202 676 Operating expenses 2,636 1,203 Leases 809 604 Other 712 1,947 $ 7,370 $ 6,542

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Jan. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt is comprised of the following (in thousands): January 31, 2022 October 31, 2021 Farm Credit West revolving and non-revolving lines of credit: the interest rate of the revolving line of credit is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 0.10% at January 31, 2022, plus 1.85%. The interest rate for the $40.0 million outstanding balance of the non-revolving line of credit is fixed at 4.77% through July 1, 2022, 3.57% through July 1, 2025 and variable thereafter. Interest is payable monthly and the principal is due in full on July 1, 2026. $ 113,845 $ 111,293 Farm Credit West revolving equity line of credit: the interest rate is variable based on the Lender's variable interest rate plan, which was 2.50% at January 31, 2022. The loan is payable in interest-only monthly payments through April 2023 and monthly principal and interest payments thereafter, through February 2043. 9,930 — Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 2.48%. The loan is payable in quarterly installments through November 2022. 649 809 Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through October 2035. 960 974 Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through March 2036. 7,895 8,004 Farm Credit West term loan: Effective July 1, 2020 the interest rate was fixed at 2.77% until July 1, 2025, becoming variable for the remainder of the loan. The loan is payable in monthly installments through March 2036. 5,809 5,892 Farm Credit West term loan: Effective August 2, 2021, the interest rate was fixed at 3.19%. The loan is payable in monthly installments through September 2026. 2,358 2,475 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 791 1,011 Note Payable: the interest rate ranges from 5.00% to 7.00% and was 6.50% at January 31, 2022. The loan includes interest only monthly payments and principal is due in February 2023. 1,435 1,435 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48%. The loans are payable in monthly installments through September 2024. 379 411 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48% and 4.26%. The loans are payable in monthly installments through September 2026. 618 652 Subtotal 144,669 132,956 Less deferred financing costs, net of accumulated amortization 120 131 Total long-term debt, net 144,549 132,825 Less current portion 2,401 2,472 Long-term debt, less current portion $ 142,148 $ 130,353

Leases (Tables)

Leases (Tables)	3 Months Ended
	Jan. 31, 2022
Leases [Abstract]
Composition of Rental Operations Revenue	The Company’s rental operations revenue consists of the following (in thousands): Three Months Ended 2022 2021 Operating lease revenue $ 1,118 $ 1,059 Variable lease revenue 73 79 Total lease revenue $ 1,191 $ 1,138
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases consists of the following (in thousands): Classification January 31, 2022 October 31, 2021 Assets Operating lease ROU assets Other assets $ 2,242 $ 2,041 Finance lease assets Other assets 2,116 1,142 Total lease assets $ 4,358 $ 3,183 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities and payables to related parties $ 471 $ 488 Current finance lease liabilities Accrued liabilities 473 249 Non-current operating lease liabilities Other long-term liabilities 1,799 1,648 Non-current finance lease liabilities Other long-term liabilities 1,612 884 Total lease liabilities $ 4,355 $ 3,269
Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases consists of the following (in thousands): Three Months Ended 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 189 $ 189 Operating cash outflows from finance leases $ 12 $ — Financing cash outflows from finance leases $ 69 $ — ROU assets obtained in exchange for new operating lease liabilities $ 288 $ 271 Leased assets obtained in exchange for new finance lease liabilities $ 1,020 $ —

Basic and Diluted Net Loss pe_2

Basic and Diluted Net Loss per Share (Tables)	3 Months Ended
	Jan. 31, 2022
Earnings Per Share [Abstract]
Schedule of Net Loss per Share	The computations for basic and diluted net loss per common share are as follows (in thousands, except per share amounts): Three Months Ended 2022 2021 Basic net loss per common share: Net loss applicable to common stock $ (6,643) $ (4,333) Less: Earnings allocated to unvested, restricted stock (13) (18) Numerator: Net loss for basic EPS (6,656) (4,351) Denominator: Weighted average common shares-basic 17,448 17,405 Basic net loss per common share $ (0.38) $ (0.25) Diluted net loss per common share: Net loss for basic EPS $ (6,656) $ (4,351) Effect of dilutive unvested, restricted stock and preferred stock — — Numerator: Net loss for diluted EPS (6,656) (4,351) Weighted average common shares–basic 17,448 17,405 Effect of dilutive unvested, restricted stock and preferred stock — — Denominator: Weighted average common shares–diluted 17,448 17,405 Diluted net loss per common share $ (0.38) $ (0.25)

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	3 Months Ended
	Jan. 31, 2022
Related Party Transactions [Abstract]
Summary of Transactions with Related-Parties	The Company has transactions with equity method investments and various related-parties summarized in Note 6 - Equity in Investments and in the tables below (in thousands): January 31, 2022 October 31, 2021 Balance Sheet Balance Sheet Ref Related-Party Receivable/Other from Related Parties Other Assets Payables to Related Parties Other Long-Term Liabilities Receivable/Other from Related Parties Other Assets Payables to Related Parties Other Long-Term Liabilities 2 Mutual water companies $ — $ 459 $ 288 $ — $ — $ 432 $ 40 $ — 3 Cooperative association $ — $ — $ 83 $ — $ — $ — $ 19 $ — 5 Cadiz / Fenner / WAM $ — $ 1,347 $ 369 $ 1,258 $ — $ 1,386 $ 273 $ 1,297 8 FGF $ 4,171 $ 980 $ 1,300 $ — $ 4,598 $ 980 $ 832 $ — 9 LLCB $ — $ — $ 5,771 $ — $ — $ — $ 5,771 $ — 11 Third party growers $ — $ — $ — $ — $ — $ — $ 41 $ — Three Months Ended January 31, 2022 Three Months Ended January 31, 2021 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related-Party Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Dividends Paid Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Dividends Paid 1 Employees $ — $ 211 $ — $ — $ — $ 198 $ — $ — 2 Mutual water companies $ — $ — $ 139 $ — $ — $ — $ 442 $ — 3 Cooperative association $ — $ — $ 365 $ — $ — $ — $ 157 $ — 4 Calavo $ — $ 80 $ 2 $ 126 $ — $ 79 $ 1 $ 126 5 Cadiz / Fenner / WAM $ — $ — $ 717 $ — $ — $ — $ 150 $ — 6 Colorado River Growers $ — $ — $ — $ — $ 157 $ — $ 2,772 $ — 7 YMIDD $ — $ — $ 14 $ — $ — $ — $ 9 $ — 8 FGF $ 229 $ — $ 59 $ — $ 1,671 $ — $ 288 $ — (1) Employees - The Company rents certain of its residential housing assets to employees on a month-to-month basis and recorded rental income from employees. There were no rental payments due from employees at January 31, 2022 or October 31, 2021. (2) Mutual water companies - The Company has representation on the boards of directors of the mutual water companies in which the Company has investments, refer to Note 8 - Other Assets. The Company recorded capital contributions, purchased water and water delivery services and had water payments due to the mutual water companies. (3) Cooperative association - 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 from and had payments due to the cooperative association. (4) Calavo - Through January 2022, the Company had representation on the board of directors of Calavo. Calavo owns common stock of the Company and the Company pays dividends on such common stock to Calavo. Additionally, the Company leases office space to Calavo. (5) Cadiz / Fenner / WAM - A member of the Company’s board of directors serves as the CEO, President and a member of the board of directors of Cadiz, Inc. In 2013, the Company entered a long-term lease agreement (the “Lease”) with Cadiz Real Estate, LLC (“Cadiz”), a wholly owned subsidiary of Cadiz, Inc., and currently leases 670 acres located in eastern San Bernardino County, California. The annual base rental is equal to the sum of $200 per planted acre and 20% of gross revenues from the sale of harvested lemons (less operating expenses), not to exceed $1,200 per acre per year. In 2016, Cadiz assigned this lease to Fenner Valley Farms, LLC (“Fenner”), a subsidiary of Water Asset Management, LLC (“WAM”). An affiliate of WAM is the holder of 9,300 shares of the Company's Series B-2 convertible preferred stock. Upon the adoption of ASC 842, the Company recorded a right-of-use, or ROU asset and corresponding lease liability. 13. Related-Party Transactions (continued) (6) Colorado River Growers, Inc. (“CRG”) - The Company had representation on the board of directors of CRG, a non-profit cooperative association of fruit growers engaged in the agricultural harvesting business in Yuma County, Arizona. CRG was dissolved in August 2021. The Company paid harvest expense to CRG and provided harvest management and administrative services to CRG. (7) Yuma Mesa Irrigation and Drainage District (“YMIDD”) - The Company has representation on the board of directors of YMIDD. The Company purchased water from YMIDD and had immaterial amounts payable to them for such purchases. (8) FGF - The Company advances funds to FGF for fruit purchases, which are recorded as an asset until the sales occur and the remaining proceeds become due to FGF. Additionally, FGF provided farming, packing, by-product processing and administrative services to Trapani Fresh. The Company had a receivable from FGF for lemon sales and the sale of packing supplies and a payable due to FGF for fruit purchases and services. Effective March 1, 2021, Trapani Fresh sells the lemons it grows to FGF, who packs, markets, and sells the fruit to its customers. The Company also records revenue related to the licensing of intangible assets to FGF. (9) LLCB - Refer to Note 5 - Real Estate Development. (10) Freska - A member of the Company's board of directors is a majority shareholder of Freska Produce International, LLC ("Freska"). The Company had no avocado sales to Freska during the three months ended January 31, 2022 or 2021. (11) Third party growers - A member of the Company's board of directors markets lemons through the Company. The Company had payments due to the member for such lemon procurement.

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
	Jan. 31, 2022
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The components of net periodic pension cost for the Plan for the three months ended January 31, 2022 and 2021 were as follows (in thousands): Three Months Ended 2022 2021 Administrative expenses $ 180 $ 69 Interest cost 130 137 Expected return on plan assets (127) (236) Prior service cost 11 11 Recognized actuarial loss 99 185 Net periodic benefit cost $ 293 $ 166

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jan. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Information by Segment	Segment information for the three months ended January 31, 2022 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 29,600 $ 5,968 $ — $ 766 $ 1,749 $ 38,083 $ 1,191 $ 39,274 Intersegment revenue — 6,589 (6,589) — — — — — Total net revenues 29,600 12,557 (6,589) 766 1,749 38,083 1,191 39,274 Costs and expenses 32,161 10,556 (6,589) 321 2,610 39,059 7,293 46,352 Depreciation and amortization — — — — — 2,185 295 2,480 Operating (loss) income $ (2,561) $ 2,001 $ — $ 445 $ (861) $ (3,161) $ (6,397) $ (9,558) Segment information for the three months ended January 31, 2021 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 29,300 $ 4,897 $ — $ — $ 2,940 $ 37,137 $ 1,138 $ 38,275 Intersegment revenue — 6,685 (6,685) — — — — — Total net revenues 29,300 11,582 (6,685) — 2,940 37,137 1,138 38,275 Costs and expenses 29,507 9,531 (6,685) — 2,373 34,726 6,688 41,414 Depreciation and amortization — — — — — 2,212 289 2,501 Operating (loss) income $ (207) $ 2,051 $ — $ — $ 567 $ 199 $ (5,839) $ (5,640)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net Amount	$ 127	$ 929
Foreign Currency Translation (Loss) Gain
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount	55	795
Tax Expense	0	0
Net Amount	55	795
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount	99	185
Tax Expense	(27)	(51)
Net Amount	72	134
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount	154	980
Tax Expense	(27)	(51)
Net Amount	$ 127	$ 929

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Accumulated Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 188,435	$ 195,760
Other comprehensive income	127	929
Ending balance	180,602	191,729
Foreign Currency Translation (Loss) Gain
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(3,754)	(3,069)
Other comprehensive income	55	795
Ending balance	(3,699)	(2,274)
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(1,979)	(4,479)
Other comprehensive income	72	134
Ending balance	(1,907)	(4,345)
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(5,733)	(7,548)
Other comprehensive income	127	929
Ending balance	$ (5,606)	$ (6,619)

Concentrations and Geographic_2

Concentrations and Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Concentration Risk [Line Items]
Revenues	$ 38,083	$ 37,137
Customer Concentration Risk | Revenue Benchmark | First Customer
Concentration Risk [Line Items]
Concentration risk percentage	15.00%	23.00%
Customer Concentration Risk | Revenue Benchmark | Second Customer
Concentration Risk [Line Items]
Concentration risk percentage	12.00%
Customer Concentration Risk | Accounts Receivable | First Customer
Concentration Risk [Line Items]
Concentration risk percentage	12.00%
Lemon | Supplier Concentration Risk | Revenue, Product and Service Benchmark
Concentration Risk [Line Items]
Concentration risk percentage	57.00%	48.00%
Lemon | Supplier Concentration Risk | Revenue, Product and Service Benchmark | One Third-Party Grower
Concentration Risk [Line Items]
Concentration risk percentage	20.00%	26.00%
Chile | San Pablo and PDA
Concentration Risk [Line Items]
Revenues	$ 208	$ 1,027
Argentina | Trapani Fresh
Concentration Risk [Line Items]
Revenues	$ 147	$ 1,671

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid supplies and insurance	$ 3,401	$ 2,521
Note receivable and related interest	2,188	2,438
Real estate development held for sale	2,543	2,543
Sales tax receivable	502	909
Lemon supplier advances and other	4,214	2,298
Prepaid expenses and other current assets	$ 12,848	$ 10,709

Real Estate Development - Sched

Real Estate Development - Schedule of Real Estate Development Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Real Estate Properties [Line Items]
Real estate development assets	$ 22,813	$ 22,828
East Area I - Retained Property
Real Estate Properties [Line Items]
Real estate development assets	13,343	13,335
East Area II
Real Estate Properties [Line Items]
Real estate development assets	$ 9,470	$ 9,493

Real Estate Development - Narra

Real Estate Development - Narrative (Details)	Sep. 30, 2022USD ($)	Nov. 30, 2021USD ($)	Jan. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jul. 31, 2022USD ($)	Jan. 31, 2022USD ($)residentialUnit	Jan. 31, 2021USD ($)	Oct. 31, 2021USD ($)	Nov. 10, 2015USD ($)	Oct. 31, 2005aproperty
Real Estate Properties [Line Items]
Real estate investments, joint ventures						$ 4,900,000
Line of Credit Facility Extension Option Period						1 year
Loan balance						$ 144,549,000		$ 132,825,000
Net proceeds from sale of real estate property						2,543,000		2,543,000
Collection on loan and note receivable						$ 250,000	$ 25,000
Sevilla | Disposal Group, Not Discontinued Operations | Forecast
Real Estate Properties [Line Items]
Consideration for sale of property					$ 2,700,000
Cash proceeds from sale of real estate					$ 2,550,000
LLCB
Real Estate Properties [Line Items]
Number of residential units sold | residentialUnit						586
Unsecured Line of Credit Loan Agreement and Promissory Note
Real Estate Properties [Line Items]
Estimated value of the guarantee obligation						$ 1,080,000
Unsecured Line of Credit Loan Agreement and Promissory Note | LLCB
Real Estate Properties [Line Items]
Face amount of loan			$ 45,000,000
Maximum borrowing capacity						35,000,000
Unsecured Line of Credit Loan Agreement and Promissory Note | LIBOR | LLCB
Real Estate Properties [Line Items]
Basis spread on variable rate			2.85%
LLCB | Affiliated Entity
Real Estate Properties [Line Items]
Payables to related parties						5,771,000		5,771,000
East Areas I and II
Real Estate Properties [Line Items]
Number of real estate properties | property										2
Number of acres of land for real estate development | a										550
East Area I | Lewis Group of Companies
Real Estate Properties [Line Items]
Ownership percentage									50.00%
Equity method investment, aggregate cost									$ 20,000,000
Centennial Property
Real Estate Properties [Line Items]
Net proceeds from sale of real estate property				$ 2,983,000
Net proceeds from sales of real estate development assets				3,250,000
Proceeds from issuance of debt				$ 3,000,000
Collection on loan and note receivable		$ 250,000						$ 400,000
Interest rate		4.00%
Carrying value of note						$ 2,350,000
Centennial Property | Forecast
Real Estate Properties [Line Items]
Collection on loan and note receivable	$ 250,000

Equity in Investments (Details)

Equity in Investments (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 64,123	$ 64,072
Limoneira Lewis Community Builders, LLC
Schedule of Equity Method Investments [Line Items]
Equity in investments	60,216	60,216
Limco Del Mar, Ltd.
Schedule of Equity Method Investments [Line Items]
Equity in investments	2,131	1,997
Rosales
Schedule of Equity Method Investments [Line Items]
Equity in investments	1,270	1,351
Romney Property Partnership
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 506	$ 508

Equity in Investments - Narrati

Equity in Investments - Narrative (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Rosales | Rosales
Schedule of Equity Method Investments [Line Items]
Amounts due from (to) related parties	$ 669	$ 1,570

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Change in Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Jan. 31, 2022USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 1,527
Foreign currency translation adjustment	1
Ending balance	$ 1,528

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Narrative (Details) - USD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Acquired Indefinite-lived Intangible Assets [Line Items]
Goodwill impairment loss	$ 0
Amortization expense	$ 181,000	$ 263,000

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jan. 31, 2022	Oct. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (2,075)	$ (1,894)
Net Carrying Amount	4,507
Gross Carrying Amount	10,237	10,223
Net Carrying Amount	8,162	8,329
Trade names and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,108	2,108
Accumulated Amortization	(717)	(663)
Net Carrying Amount	$ 1,391	$ 1,445
Weighted Average Useful Life in Years	8 years	8 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,037	$ 4,037
Accumulated Amortization	(1,322)	(1,209)
Net Carrying Amount	$ 2,715	$ 2,828
Weighted Average Useful Life in Years	9 years	9 years
Non-competition agreement
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 437	$ 437
Accumulated Amortization	(36)	(22)
Net Carrying Amount	$ 401	$ 415
Weighted Average Useful Life in Years	8 years	8 years
Acquired water and mineral rights
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	$ 3,655	$ 3,641

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Estimated Future Amortization Expense of Intangible Assets (Details) $ in Thousands	Jan. 31, 2022USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022 (excluding the three months ended January 31, 2022)	$ 543
2023	724
2024	716
2025	711
2026	711
Thereafter	1,102
Net Carrying Amount	$ 4,507

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Other Assets [Abstract]
Investments in mutual water companies	$ 6,454	$ 5,994

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Accounts Payable and Accrued Liabilities, Current [Abstract]
Compensation	$ 3,011	$ 2,112
Property taxes	202	676
Operating expenses	2,636	1,203
Leases	809	604
Other	712	1,947
Accrued liabilities	$ 7,370	$ 6,542

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($)	Jul. 01, 2021	Jan. 31, 2022	Jul. 02, 2022	Jul. 01, 2022	Oct. 31, 2021
Debt Instrument [Line Items]
Long-term debt, gross		$ 144,669,000			$ 132,956,000
Less deferred financing costs, net of accumulated amortization		120,000			131,000
Total long-term debt, net		144,549,000			132,825,000
Less current portion		2,401,000			2,472,000
Long-term debt, less current portion		142,148,000			130,353,000
Notes Payable
Debt Instrument [Line Items]
Long-term debt, gross		$ 1,435,000			1,435,000
Variable interest rate		6.50%
Notes Payable | Minimum
Debt Instrument [Line Items]
Variable interest rate		5.00%
Notes Payable | Maximum
Debt Instrument [Line Items]
Variable interest rate		7.00%
Farm Credit West Revolving and Non-Revolving Lines of Credit
Debt Instrument [Line Items]
Long-term debt, gross		$ 113,845,000			111,293,000
Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Base rate		0.10%
Basis spread on variable rate		1.85%
Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	2.35%
Farm Credit West Revolving and Non-Revolving Lines of Credit | Non-Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross		$ 40,000,000
Fixed interest rate		4.77%
Farm Credit West Revolving and Non-Revolving Lines of Credit | Non-Revolving Credit Facility | Forecast
Debt Instrument [Line Items]
Fixed interest rate			3.57%	4.77%
Farm Credit West Term Loan due April 2023 and February 2043
Debt Instrument [Line Items]
Long-term debt, gross		$ 9,930,000			0
Fixed interest rate		2.50%
Farm Credit West Term Loan due November 2022
Debt Instrument [Line Items]
Long-term debt, gross		$ 649,000			809,000
Fixed interest rate		2.48%
Farm Credit West Term Loan due October 2035
Debt Instrument [Line Items]
Long-term debt, gross		$ 960,000			974,000
Fixed interest rate		3.24%
Farm Credit West Term Loan due March 2036
Debt Instrument [Line Items]
Long-term debt, gross		$ 7,895,000			8,004,000
Fixed interest rate		3.24%
Farm Credit West Term Loan due March 2036
Debt Instrument [Line Items]
Long-term debt, gross		$ 5,809,000			5,892,000
Fixed interest rate		2.77%
Farm Credit West Term Loan due Sept 2026
Debt Instrument [Line Items]
Long-term debt, gross		$ 2,358,000			2,475,000
Fixed interest rate		3.19%
Banco de Chile Term Loan
Debt Instrument [Line Items]
Long-term debt, gross		$ 791,000			1,011,000
Fixed interest rate		6.48%
Banco De Chile COVID-19 Loans
Debt Instrument [Line Items]
Long-term debt, gross		$ 379,000			$ 411,000
Fixed interest rate		3.48%			4.26%
Banco De Chile COVID-19 Loan Two
Debt Instrument [Line Items]
Long-term debt, gross		$ 618,000			$ 652,000

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details)

Jan. 31, 2022USD ($)

Jul. 01, 2021

Jan. 31, 2021USD ($)

Mar. 31, 2020USD ($)

Jan. 31, 2022USD ($)

Jan. 31, 2021USD ($)

Oct. 31, 2022

Jul. 02, 2022

Jul. 01, 2022

Dec. 31, 2021

Oct. 31, 2021USD ($)

Dec. 31, 2020

Debt Instrument [Line Items]

Long-term debt, gross

$ 144,669,000

$ 144,669,000

$ 132,956,000

Annual patronage dividend rate

1.25%

1.50%

Interest costs capitalized

0

$ 0

Farm Credit West

Debt Instrument [Line Items]

Dividends received

1,575,000

$ 1,170,000

Farm Credit West Revolving and Non-Revolving Lines of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity

130,000,000

130,000,000

Long-term debt, gross

113,845,000

113,845,000

111,293,000

Available to borrow

6,225,000

6,225,000

Farm Credit West Revolving and Non-Revolving Lines of Credit | Forecast

Debt Instrument [Line Items]

Minimum debt service coverage ratio

1.25

Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Equity Line of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity

15,000,000

$ 15,000,000

15,000,000

Long-term debt, gross

123,775,000

123,775,000

Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility

Debt Instrument [Line Items]

Maximum borrowing capacity

75,000,000

$ 75,000,000

Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | LIBOR

Debt Instrument [Line Items]

Basis spread on variable rate

1.85%

Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | Minimum | LIBOR

Debt Instrument [Line Items]

Basis spread on variable rate

1.75%

Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | Maximum | LIBOR

Debt Instrument [Line Items]

Basis spread on variable rate

2.35%

Farm Credit West Revolving and Non-Revolving Lines of Credit | Non-Revolving Credit Facility

Debt Instrument [Line Items]

Maximum borrowing capacity

40,000,000

$ 40,000,000

Long-term debt, gross

$ 40,000,000

$ 40,000,000

Interest rate

4.77%

4.77%

Prepayment fee percent

0.50%

Farm Credit West Revolving and Non-Revolving Lines of Credit | Non-Revolving Credit Facility | Forecast

Debt Instrument [Line Items]

Interest rate

3.57%

4.77%

Farm Credit West Loan Agreement Secured by Windfall Investors, LLC Property | Revolving Equity Line of Credit

Debt Instrument [Line Items]

Draw period

3 years

Payment period

20 years

Farm Credit West Term Loan due April 2023 and February 2043

Debt Instrument [Line Items]

Long-term debt, gross

$ 9,930,000

$ 9,930,000

$ 0

Interest rate

2.50%

2.50%

Leases - Lessor Arrangements, N

Leases - Lessor Arrangements, Narrative (Details)	Jan. 31, 2022
Minimum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	1 month
Maximum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	21 years

Leases - Composition of Rental

Leases - Composition of Rental Operations Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Leases [Abstract]
Operating lease revenue	$ 1,118	$ 1,059
Variable lease revenue	73	79
Total lease revenue	$ 1,191	$ 1,138

Leases - Lessee Arrangements, N

Leases - Lessee Arrangements, Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 123	$ 142
Minimum
Lessee, Lease, Description [Line Items]
Remaining terms of operating leases	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining terms of operating leases	16 years

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Leases [Abstract]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current	Accrued Liabilities, Current
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Assets
Operating lease ROU assets	$ 2,242	$ 2,041
Finance lease assets	2,116	1,142
Total lease assets	4,358	3,183
Liabilities and Stockholders' Equity
Current operating lease liabilities	471	488
Current finance lease liabilities	473	249
Non-current operating lease liabilities	1,799	1,648
Non-current finance lease liabilities	1,612	884
Total lease liabilities	$ 4,355	$ 3,269

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 189	$ 189
Operating cash outflows from finance leases	12	0
Finance Lease, Principal Payments	69	0
ROU assets obtained in exchange for new operating lease liabilities	288	271
Leased assets obtained in exchange for new finance lease liabilities	$ 1,020	$ 0

Basic and Diluted Net Loss pe_3

Basic and Diluted Net Loss per Share - Schedule of Net (Loss) Income per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Basic net loss per common share:
Net loss applicable to common stock	$ (6,643)	$ (4,333)
Less: Earnings allocated to unvested, restricted stock	(13)	(18)
Numerator: Net loss for basic EPS	$ (6,656)	$ (4,351)
Denominator: Weighted average common shares–basic (in shares)	17,448	17,405
Basic net loss per common share (in dollars per share)	$ (0.38)	$ (0.25)
Diluted net loss per common share:
Net loss for basic EPS	$ (6,656)	$ (4,351)
Effect of dilutive unvested, restricted stock and preferred stock (in shares)	0	0
Numerator: Net loss for diluted EPS	$ (6,656)	$ (4,351)
Denominator: Weighted average common shares–basic (in shares)	17,448	17,405
Denominator: Weighted average common shares–diluted (in shares)	17,448	17,405
Diluted net loss per common share (in dollars per share)	$ (0.38)	$ (0.25)

Basic and Diluted Net Loss pe_4

Basic and Diluted Net Loss per Share - Narrative (Details) shares in Thousands	3 Months Ended
	Jan. 31, 2021shares
Restricted Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	226

Related-Party Transactions (Det

Related-Party Transactions (Details)	3 Months Ended		12 Months Ended
	Jan. 31, 2022USD ($)shares	Jan. 31, 2021USD ($)	Oct. 31, 2013USD ($)a	Oct. 31, 2021USD ($)
Affiliate of WAM | Limoneira Company Series B-2 Convertible Preferred Stock
Consolidated Statement of Operations
Shares of Series B-2 convertible preferred stock held (in shares) | shares	9,300
Employees | Affiliated Entity
Consolidated Statement of Operations
Net Revenue Rental Operations	$ 211,000	$ 198,000
Dividends Paid	0	0
Rental payments due from employees	0			$ 0
Employees | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0
Agribusiness Expense and Other	0	0
Mutual water companies | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0			0
Other Assets	459,000			432,000
Payables to related parties	288,000			40,000
Other Long-Term Liabilities	0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0
Dividends Paid	0	0
Mutual water companies | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0
Agribusiness Expense and Other	139,000	442,000
Cooperative association | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0			0
Other Assets	0			0
Payables to related parties	83,000			19,000
Other Long-Term Liabilities	0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0
Dividends Paid	0	0
Cooperative association | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0
Agribusiness Expense and Other	365,000	157,000
Calavo | Beneficial Owner
Consolidated Statement of Operations
Net Revenue Rental Operations	80,000	79,000
Dividends Paid	126,000	126,000
Calavo | Beneficial Owner | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0
Agribusiness Expense and Other	2,000	1,000
Cadiz / Fenner / WAM | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0			0
Other Assets	1,347,000			1,386,000
Payables to related parties	369,000			273,000
Other Long-Term Liabilities	1,258,000			1,297,000
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0
Dividends Paid	0	0
Area of land (in acres) | a			670
Annual base rental per planted acre			$ 200
Percent of gross revenues paid as annual base rental			20.00%
Maximum annual base rental per planted acre			$ 1,200
Cadiz / Fenner / WAM | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0
Agribusiness Expense and Other	717,000	150,000
Colorado River Growers | Affiliated Entity
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0
Dividends Paid	0	0
Colorado River Growers | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	157,000
Agribusiness Expense and Other	0	2,772,000
YMIDD | Affiliated Entity
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0
Dividends Paid	0	0
YMIDD | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0
Agribusiness Expense and Other	14,000	9,000
FGF | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	4,171,000
FGF | Co-venturer
Balance Sheet
Receivable/Other from Related Parties				4,598,000
Other Assets	980,000			980,000
Payables to related parties	1,300,000			832,000
Other Long-Term Liabilities	0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0
Dividends Paid	0	0
FGF | Co-venturer | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	229,000	1,671,000
Agribusiness Expense and Other	59,000	$ 288,000
LLCB | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0			0
Other Assets	0			0
Payables to related parties	5,771,000			5,771,000
Other Long-Term Liabilities	0			0
Third party growers | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0			0
Other Assets	0			0
Payables to related parties	0			41,000
Other Long-Term Liabilities	$ 0			$ 0

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Details) - USD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Retirement Benefits [Abstract]
Average earnings period	5 years
Funding contributions	$ 0	$ 0

Retirement Plans - Net Benefit

Retirement Plans - Net Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Retirement Benefits [Abstract]
Administrative expenses	$ 180	$ 69
Interest cost	130	137
Expected return on plan assets	(127)	(236)
Prior service cost	11	11
Recognized actuarial loss	99	185
Net periodic benefit cost	$ 293	$ 166

Stock-based Compensation and _2

Stock-based Compensation and Treasury Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 01, 2022	Dec. 31, 2021	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021	Oct. 31, 2021
Class of Stock [Line Items]
Authorized amount under share repurchase program						$ 10,000
Shares repurchased (in shares)						0
Management
Class of Stock [Line Items]
Shares exchanged (in shares)				55,362	46,993
Fair value of common stock for the payment of payroll taxes associated with the vesting of shares under stock-based compensation programs				$ 900	$ 701
Stock-Based Compensation
Class of Stock [Line Items]
Vesting period				2 years
Stock-Based Compensation | Management
Class of Stock [Line Items]
Shares granted (in shares)						0
Stock-Based Compensation | Key Executives
Class of Stock [Line Items]
Vesting period				3 years
Shares granted (in shares)		70,000
Common stock per share (in dollars per share)		$ 14.96
Share-based compensation expense				$ 823
Stock-Based Compensation | Key Executives | Subsequent Event
Class of Stock [Line Items]
Shares issued, shares, share-based payment arrangement, forfeited	15,000
Stock-Based Compensation | Key Executives | Minimum
Class of Stock [Line Items]
Vesting period				3 years
Stock-Based Compensation | Key Executives | Maximum
Class of Stock [Line Items]
Vesting period				5 years
Stock-Based Compensation | Non-Employee Directors
Class of Stock [Line Items]
Shares granted (in shares)			27,815
Share-based compensation expense					$ 469

Segment Information - Narrative

Segment Information - Narrative (Details) $ in Thousands	3 Months Ended
	Jan. 31, 2022USD ($)segment	Jan. 31, 2021USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	4
Revenues	$ 39,274	$ 38,275
Other Agribusiness
Segment Reporting Information [Line Items]
Revenues	1,749	2,940
Other Agribusiness | Oranges
Segment Reporting Information [Line Items]
Revenues	873	1,091
Other Agribusiness | Specialty Citrus and Other Crops
Segment Reporting Information [Line Items]
Revenues	$ 876	$ 1,849

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Segment Reporting Information [Line Items]
Revenues	$ 39,274	$ 38,275
Costs and expenses	46,352	41,414
Depreciation and amortization	2,480	2,501
Operating loss	(9,558)	(5,640)
Eliminations
Segment Reporting Information [Line Items]
Revenues	(6,589)	(6,685)
Costs and expenses	(6,589)	(6,685)
Depreciation and amortization	0	0
Operating loss	0	0
Corporate and Other
Segment Reporting Information [Line Items]
Revenues	1,191	1,138
Costs and expenses	7,293	6,688
Depreciation and amortization	295	289
Operating loss	(6,397)	(5,839)
Total Agribusiness
Segment Reporting Information [Line Items]
Revenues	38,083	37,137
Costs and expenses	39,059	34,726
Depreciation and amortization	2,185	2,212
Operating loss	(3,161)	199
Total Agribusiness | Operating Segments
Segment Reporting Information [Line Items]
Revenues	38,083	37,137
Fresh Lemons
Segment Reporting Information [Line Items]
Revenues	29,600	29,300
Costs and expenses	32,161	29,507
Depreciation and amortization	0	0
Operating loss	(2,561)	(207)
Fresh Lemons | Eliminations
Segment Reporting Information [Line Items]
Revenues	0	0
Fresh Lemons | Operating Segments
Segment Reporting Information [Line Items]
Revenues	29,600	29,300
Lemon Packing
Segment Reporting Information [Line Items]
Revenues	5,968	4,897
Costs and expenses	10,556	9,531
Depreciation and amortization	0	0
Operating loss	2,001	2,051
Lemon Packing | Eliminations
Segment Reporting Information [Line Items]
Revenues	(6,589)	(6,685)
Lemon Packing | Operating Segments
Segment Reporting Information [Line Items]
Revenues	12,557	11,582
Avocados
Segment Reporting Information [Line Items]
Revenues	766	0
Costs and expenses	321	0
Depreciation and amortization	0	0
Operating loss	445	0
Avocados | Operating Segments
Segment Reporting Information [Line Items]
Revenues	766	0
Other Agribusiness
Segment Reporting Information [Line Items]
Revenues	1,749	2,940
Costs and expenses	2,610	2,373
Depreciation and amortization	0	0
Operating loss	(861)	567
Other Agribusiness | Operating Segments
Segment Reporting Information [Line Items]
Revenues	$ 1,749	$ 2,940