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Long-Term Debt (Tables) | 12 Months Ended
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Oct. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Composition of Long-Term Debt | Long-term debt is comprised of the following at October 31 (in thousands):
| 2022 |  | 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 3.12% at October 31, 2022, plus 1.85%. The interest rate for the $40.0 million outstanding balance of the non-revolving line of credit was fixed at 4.77% through July 1, 2022, is 3.57% through July 1, 2025 and variable thereafter. Interest is payable monthly and the principal is due in full on July 1, 2026. | $ | 88,521 |  |  | $ | 111,293 |
Farm Credit West term loan: The loan was repaid in September 2022. | — |  |  | 809 |
Farm Credit West term loan: The interest rate is fixed at 3.24%. The loan is payable in monthly installments through October 2035. | 919 |  |  | 974 |
Farm Credit West term loan: The interest rate is fixed at 3.24%. The loan is payable in monthly installments through March 2036. | 7,562 |  |  | 8,004 |
Farm Credit West term loan: The interest rate is 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. | 5,555 |  |  | 5,892 |
Farm Credit West term loan: The interest rate is fixed at 3.19%. The loan is payable in monthly installments through September 2026. | 2,003 |  |  | 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. | 675 |  |  | 1,011 |
Note Payable: The Note Payable was repaid in October 2022. | — |  |  | 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. | 233 |  |  | 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. | 434 |  |  | 652 |
Subtotal | 105,902 |  |  | 132,956 |
Less deferred financing costs, net of accumulated amortization | 94 |  |  | 131 |
Total long-term debt, net | 105,808 |  |  | 132,825 |
Less current portion | 1,732 |  |  | 2,472 |
Long-term debt, less current portion | $ | 104,076 |  |  | $ | 130,353 |
Schedule of Principal Payments on Long-Term Debt | Principal payments on the Company’s long-term debt are due as follows (in thousands):
2023 | $ | 1,732 |
2024 | 1,758 |
2025 | 90,523 |
2026 | 1,452 |
2027 | 961 |
Thereafter | 9,476 |
| $ | 105,902 |

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