Related-Party Transactions (Tables)

3 Months Ended

Jan. 31, 2021

Summary of Transactions with Related-Parties

The Company has transactions with various related-parties as summarized in the tables below (in thousands):


		January 31, 2021								October 31, 2020
		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	$	—	$	4	$	68	$	—	$	—	$	64	$	64	$	—
3	Cooperative association	$	—	$	—	$	15	$	—	$	—	$	—	$	123	$	—


5	Cadiz / Fenner / WAM	$	—	$	1,424	$	241	$	1,335	$	—	$	1,443	$	182	$	1,353
6	Colorado River Growers	$	157	$	—	$	—	$	—	$	81	$	—	$	—	$	—

8	FGF	$	3,850	$	—	$	604	$	—	$	2,213	$	—	$	604	$	—
9	LLCB	$	—	$	—	$	5,300	$	—	$	—	$	—	$	5,300	$	—


		Three Months Ended January 31, 2021						Three Months Ended January 31, 2020
		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		Other Income, Net		Dividends Paid
1	Employees	$	—	$	198	$	—	$	—		$	—	$	197	$	—	$	—	$	—
2	Mutual water companies	$	—	$	—	$	442	$	—		$	—	$	—	$	348	$	—	$	—
3	Cooperative association	$	—	$	—	$	157	$	—		$	—	$	—	$	446	$	—	$	—
4	Calavo	$	—	$	79	$	1	$	126		$	32	$	81	$	118	$	220	$	126

5	Cadiz / Fenner / WAM	$	—	$	—	$	150	$	—		$	—	$	—	$	102	$	—	$	—
6	Colorado River Growers	$	157	$	—	$	2,772	$	—		$	521	$	—	$	5,001	$	—	$	—
7	YMIDD	$	—	$	—	$	9	$	—		$	—	$	—	$	34	$	—	$	—
8	FGF	$	1,671	$	—	$	288	$	—		$	199	$	—	$	163	$	—	$	—

(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, 2021 and October 31, 2020.

(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 - The Company had an investment in Calavo through March 2020 and has representation on the board of directors and Calavo has an investment in the Company. The Company recorded dividend income on its investment in Calavo, paid dividends to Calavo and had avocado sales to Calavo. Additionally, the Company leases office space to Calavo, purchased storage services from Calavo and had immaterial amounts due to Calavo for those services.

13. Related-Party Transactions (continued)

(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 entity affiliated with 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 ROU asset and corresponding lease liability.

(6) Colorado River Growers, Inc. (“CRG”) - The Company has 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. The Company paid harvest expense to CRG, provided harvest management and administrative services to CRG and had a receivable due from CRG for such services.

(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 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 a payable due to FGF for fruit purchases and services.

(9) LLCB - Refer to Note 5 - Real Estate Development.