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Related Party Transactions | 9 Months Ended
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Jul. 31, 2023
Related Party Transactions [Abstract] |
Related Party Transactions | Related-Party TransactionsThe 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):
|  |  |  | July 31, 2023 |  | October 31, 2022
|  |  |  | 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 |  | $ | — |  |  | $ | 511 |  |  | $ | 261 |  |  | $ | — |  |  | $ | — |  |  | $ | 506 |  |  | $ | 133 |  |  | $ | — |
5 |  |  | Cadiz / Fenner / WAM |  | $ | — |  |  | $ | 1,226 |  |  | $ | 162 |  |  | $ | 1,137 |  |  | $ | — |  |  | $ | 1,288 |  |  | $ | 446 |  |  | $ | 1,198 |
8 |  |  | FGF |  | $ | 2,815 |  |  | $ | 2,586 |  |  | $ | 837 |  |  | $ | — |  |  | $ | 2,965 |  |  | $ | 2,652 |  |  | $ | 837 |  |  | $ | — |
9 |  |  | LLCB |  | $ | 66 |  |  | $ | — |  |  | $ | 3,444 |  |  | $ | — |  |  | $ | 66 |  |  | $ | — |  |  | $ | 3,444 |  |  | $ | — |
|  |  |  | Three Months Ended July 31, 2023 |  | Three Months Ended July 31, 2022
|  |  |  | Consolidated Statement of Operations |  |  |  | Consolidated Statement of Operations |  |
Ref |  | Related-Party |  | Net Revenue Agribusiness |  | Net Revenue Other Operations |  | Agribusiness Expense and Other |  |  |  | Dividends Paid |  | Net Revenue Agribusiness |  | Net Revenue Other Operations |  | Agribusiness Expense and Other |  |  |  | Dividends Paid
1 |  |  | Employees |  | $ | — |  |  | $ | 222 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 220 |  |  | $ | — |  |  |  |  | $ | — |
2 |  |  | Mutual water companies |  | $ | — |  |  | $ | — |  |  | $ | 201 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 481 |  |  |  |  | $ | — |
3 |  |  | Cooperative association |  | $ | — |  |  | $ | — |  |  | $ | 412 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 585 |  |  |  |  | $ | — |
5 |  |  | Cadiz / Fenner / WAM |  | $ | — |  |  | $ | — |  |  | $ | 359 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 895 |  |  |  |  | $ | — |
7 |  |  | YMIDD |  | $ | 135 |  |  | $ | — |  |  | $ | 70 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |
8 |  |  | FGF |  | $ | 132 |  |  | $ | 50 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 83 |  |  | $ | 86 |  |  | $ | 2 |  |  |  |  | $ | — |
12 |  |  | Principal owner |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 446 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |
|  |  |  | Nine Months Ended July 31, 2023 |  | Nine Months Ended July 31, 2022
|  |  |  | Consolidated Statement of Operations |  |  |  |  |  | Consolidated Statement of Operations |  |
Ref |  | Related-Party |  | Net Revenue Agribusiness |  | Net Revenue Other Operations |  | Agribusiness Expense and Other |  |  |  | Dividends Paid |  | Net Revenue Agribusiness |  | Net Revenue Other Operations |  | Agribusiness Expense and Other |  |  |  | Dividends Paid
1 |  |  | Employees |  | $ | — |  |  | $ | 666 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 650 |  |  | $ | — |  |  |  |  | $ | — |
2 |  |  | Mutual water companies |  | $ | — |  |  | $ | — |  |  | $ | 979 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 975 |  |  |  |  | $ | — |
3 |  |  | Cooperative association |  | $ | — |  |  | $ | — |  |  | $ | 1,278 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,369 |  |  |  |  | $ | — |
4 |  |  | Calavo |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 80 |  |  | $ | 2 |  |  |  |  | $ | 126 |
5 |  |  | Cadiz / Fenner / WAM |  | $ | — |  |  | $ | — |  |  | $ | 1,914 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,084 |  |  |  |  | $ | — |
7 |  |  | YMIDD |  | $ | 405 |  |  | $ | — |  |  | $ | 142 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 76 |  |  |  |  | $ | — |
8 |  |  | FGF |  | $ | 248 |  |  | $ | 174 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 248 |  |  | $ | 257 |  |  | $ | 2 |  |  |  |  | $ | — |
11 |  |  | Third-party growers |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 104 |  |  | $ | — |  |  | $ | 12 |  |  |  |  | $ | — |
12 |  |  | Principal owner |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 656 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |
(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 material rental payments due from employees at July 31, 2023 and October 31, 2022. (2) Mutual water companies - The Company has representation on the boards of directors of the mutual water companies in which the Company has investments, as well as other water districts. 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 and districts. (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 immaterial payments due to the cooperative association. 14. Related-Party Transactions (continued) (4) Calavo - Through January 2022, the Company had representation on the board of directors of Calavo. Calavo owned common stock of the Company and the Company paid 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 leased 670 acres located in eastern San Bernardino County, California. In 2016, Cadiz assigned this lease to Fenner Valley Farms, LLC (“Fenner”), a subsidiary of Water Asset Management, LLC (“WAM”). As of the date of this lease assignment, the Company no longer has any related-party transactions with Cadiz. An affiliate of WAM is the holder of 9,300 shares of the Company's Series B-2 convertible preferred stock. The annual base rent 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. Upon the adoption of ASC 842, the Company recorded a right-of-use, or ROU, asset and corresponding lease liability. (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 no amounts payable to them for such purchases. Additionally, the Company received fallowing revenue from YMIDD. (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. The Company has 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. The Company leases the Santa Clara ranch to FGF and records rental revenue related to the leased land. (9) LLCB - Refer to Note 5 - Real Estate Development. (11) Third-party growers - A former member of the Company's board of directors marketed lemons through the Company. The former board member resigned effective June 14, 2022 and is no longer a related-party. (12) Principal owner - The Company has one principal owner with ownership shares over 10% and paid dividends to such owner.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include 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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-6 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481062/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481062/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483326/850-10-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(g)(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//850/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483326/850-10-50-6 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483326/850-10-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483326/850-10-50-1 + Details
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