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Long-Term Debt (Tables) | 9 Months Ended
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Jul. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Long-term debt is comprised of the following (in thousands):
|  | July 31, 2021 |  | October 31, 2020
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 July 31, 2021, plus 1.75%. 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. |  | $ | 101,802 |  |  | $ | 102,251 |
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. |  | 968 |  |  | 1,438 |
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. |  | 988 |  |  | 1,029 |
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. |  | 8,112 |  |  | 8,433 |
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. |  | 5,975 |  |  | 6,220 |
Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. |  | 2,486 |  |  | 3,491 |
Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. |  | 1,071 |  |  | 1,205 |
Note Payable: the interest rate ranges from 5.00% to 7.00% and was 6.50% at July 31, 2021. 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% and 2.90%. The loans are payable in monthly installments beginning February 2021 through September 2024. |  | 477 |  |  | 522 |
Subtotal |  | 123,314 |  |  | 126,024 |
Less deferred financing costs, net of accumulated amortization |  | 143 |  |  | 176 |
Total long-term debt, net |  | 123,171 |  |  | 125,848 |
Less current portion |  | 2,236 |  |  | 3,277 |
Long-term debt, less current portion |  | $ | 120,935 |  |  | $ | 122,571 |

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