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Long-Term Debt (Tables) | 9 Months Ended
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Jul. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Long-term debt is comprised of the following (in thousands):
|  | July 31, 2022 |  | October 31, 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 1.65% at July 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. |  | $ | 112,994 |  |  | $ | 111,293 |
Farm Credit West term loan: The interest rate is fixed at 2.48%. The loan is payable in quarterly installments through November 2022. |  | 327 |  |  | 809 |
Farm Credit West term loan: The interest rate is fixed at 3.24%. The loan is payable in monthly installments through October 2035. |  | 933 |  |  | 974 |
Farm Credit West term loan: The interest rate is fixed at 3.24%. The loan is payable in monthly installments through March 2036. |  | 7,673 |  |  | 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. |  | 5,640 |  |  | 5,892 |
Farm Credit West term loan: Effective August 2, 2021, the interest rate was fixed at 3.19%. The loan is payable in monthly installments through September 2026. |  | 2,122 |  |  | 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. |  | 769 |  |  | 1,011 |
Note Payable: the interest rate ranges from 5.00% to 7.00% and was 7.00% at July 31, 2022. 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%. The loans are payable in monthly installments through September 2024. |  | 275 |  |  | 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. |  | 489 |  |  | 652 |
Subtotal |  | 132,657 |  |  | 132,956 |
Less deferred financing costs, net of accumulated amortization |  | 99 |  |  | 131 |
Total long-term debt, net |  | 132,558 |  |  | 132,825 |
Less current portion |  | 3,554 |  |  | 2,472 |
Long-term debt, less current portion |  | $ | 129,004 |  |  | $ | 130,353 |

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