Equity in Investments

3 Months Ended

Jan. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

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.