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Related Party Transactions (Tables) | 6 Months Ended
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Apr. 30, 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):
|  |  |  | April 30, 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 |  | $ | — |  |  | $ | 490 |  |  | $ | 532 |  |  | $ | — |  |  | $ | — |  |  | $ | 432 |  |  | $ | 40 |  |  | $ | — |
3 |  |  | Cooperative association |  | $ | — |  |  | $ | — |  |  | $ | 47 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 19 |  |  | $ | — |
5 |  |  | Cadiz / Fenner / WAM |  | $ | — |  |  | $ | 1,328 |  |  | $ | 329 |  |  | $ | 1,238 |  |  | $ | — |  |  | $ | 1,386 |  |  | $ | 273 |  |  | $ | 1,297 |
8 |  |  | FGF |  | $ | 4,901 |  |  | $ | 980 |  |  | $ | 832 |  |  | $ | — |  |  | $ | 4,598 |  |  | $ | 980 |  |  | $ | 832 |  |  | $ | — |
9 |  |  | LLCB |  | $ | — |  |  | $ | — |  |  | $ | 5,771 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,771 |  |  | $ | — |
11 |  |  | Third-party growers |  | $ | — |  |  | $ | — |  |  | $ | 55 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 41 |  |  | $ | — |
|  |  |  | Three Months Ended April 30, 2022 |  | Three Months Ended April 30, 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 |  | $ | — |  |  | $ | 219 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 206 |  |  | $ | — |  |  |  |  | $ | — |
2 |  |  | Mutual water companies |  | $ | — |  |  | $ | — |  |  | $ | 355 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 163 |  |  |  |  | $ | — |
3 |  |  | Cooperative association |  | $ | — |  |  | $ | — |  |  | $ | 419 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 369 |  |  |  |  | $ | — |
4 |  |  | Calavo |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 2,553 |  |  | $ | 78 |  |  | $ | 279 |  |  |  |  | $ | 126 |
5 |  |  | Cadiz / Fenner / WAM |  | $ | — |  |  | $ | — |  |  | $ | 472 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 85 |  |  |  |  | $ | — |
7 |  |  | YMIDD |  | $ | — |  |  | $ | — |  |  | $ | 62 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 53 |  |  |  |  | $ | — |
8 |  |  | FGF |  | $ | 83 |  |  | $ | 171 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 884 |  |  | $ | — |  |  | $ | 970 |  |  |  |  | $ | — |
10 |  |  | Freska |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 96 |  |  | $ | — |  |  | $ | 142 |  |  |  |  | $ | — |
11 |  |  | Third-party growers |  | $ | 104 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 116 |  |  |  |  | $ | — |
|  |  |  | Six Months Ended April 30, 2022 |  | Six Months Ended April 30, 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 |  | $ | — |  |  | $ | 430 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 404 |  |  | $ | — |  |  |  |  | $ | — |
2 |  |  | Mutual water companies |  | $ | — |  |  | $ | — |  |  | $ | 494 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 605 |  |  |  |  | $ | — |
3 |  |  | Cooperative association |  | $ | — |  |  | $ | — |  |  | $ | 784 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 526 |  |  |  |  | $ | — |
4 |  |  | Calavo |  | $ | — |  |  | $ | 80 |  |  | $ | 2 |  |  |  |  | $ | 126 |  |  | $ | 2,553 |  |  | $ | 157 |  |  | $ | 280 |  |  |  |  | $ | 252 |
5 |  |  | Cadiz / Fenner / WAM |  | $ | — |  |  | $ | — |  |  | $ | 1,189 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 235 |  |  |  |  | $ | — |
6 |  |  | Colorado River Growers |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 157 |  |  | $ | — |  |  | $ | 2,772 |  |  |  |  | $ | — |
7 |  |  | YMIDD |  | $ | — |  |  | $ | — |  |  | $ | 76 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 62 |  |  |  |  | $ | — |
8 |  |  | FGF |  | $ | 165 |  |  | $ | 171 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 2,555 |  |  | $ | — |  |  | $ | 1,228 |  |  |  |  | $ | — |
10 |  |  | Freska |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 96 |  |  | $ | — |  |  | $ | 142 |  |  |  |  | $ | — |
11 |  |  | Third-party growers |  | $ | 104 |  |  | $ | — |  |  | $ | 12 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 116 |  |  |  |  | $ | — |
(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 April 30, 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. 13. Related Party Transactions (continued) (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. As of February 2022, Calavo is no longer a related party. (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. (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. The Company records revenue related to the licensing of intangible assets to FGF. Effective November 1, 2021, the Company leases Finca Santa Clara to FGF and records rental revenue related to the leased land. (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 avocado sales to Freska and corresponding receivables for such sales. (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.

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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