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Related-Party Transactions | 12 Months Ended
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Oct. 31, 2025
Related Party Transactions [Abstract] |
Related-Party Transactions | Related-Party Transactions The Company has transactions with equity method investments and various related parties summarized in Note 6 - Real Estate Development, Note 7 - Equity in Investments and in the tables below (in thousands):
|  |  |  | October 31, 2025 |  | October 31, 2024
|  |  |  | Balance Sheet |  | Balance Sheet
Ref |  | Related-Party |  | Receivables/Other from Related Parties, net |  | Other Assets |  | Payables to Related Parties |  |  |  | Receivables/Other from Related Parties, net |  | Other Assets |  | Payables to Related Parties |  |
2 |  |  | Mutual water companies |  | $ | — |  |  | $ | 514 |  |  | $ | 117 |  |  |  |  | $ | — |  |  | $ | 526 |  |  | $ | 105 |  |  |
5 |  |  | YMIDD |  | $ | 202 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 206 |  |  | $ | — |  |  | $ | — |  |  |
6 |  |  | FGF |  | $ | 2,771 |  |  | $ | 514 |  |  | $ | 757 |  |  |  |  | $ | 2,184 |  |  | $ | 2,383 |  |  | $ | 837 |  |  |
7 |  |  | LLCB |  | $ | — |  |  | $ | — |  |  | $ | 3,444 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 3,444 |  |  |
9 |  |  | Rosales |  | $ | — |  |  | $ | — |  |  | $ | 1,671 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 629 |  |  |
10 |  |  | Del Mar |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 527 |  |  |
|  |  |  | Fiscal Year Ended October 31, 2025 |  | Fiscal Year Ended October 31, 2024
|  |  |  | 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 |  | $ | — |  |  | $ | 926 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 920 |  |  | $ | — |  |  |  |  | $ | — |
2 |  |  | Mutual water companies |  | $ | — |  |  | $ | — |  |  | $ | 796 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,032 |  |  |  |  | $ | — |
3 |  |  | Cooperative association |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 576 |  |  |  |  | $ | — |
5 |  |  | YMIDD |  | $ | 1,290 |  |  | $ | — |  |  | $ | 160 |  |  |  |  | $ | — |  |  | $ | 1,273 |  |  | $ | — |  |  | $ | 139 |  |  |  |  | $ | — |
6 |  |  | FGF |  | $ | 330 |  |  | $ | 200 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 330 |  |  | $ | 200 |  |  | $ | — |  |  |  |  | $ | — |
8 |  |  | Principal Owner |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 973 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 938 |
9 |  |  | Rosales |  | $ | 4,102 |  |  | $ | — |  |  | $ | 7,125 |  |  |  |  | $ | — |  |  | $ | 4,541 |  |  | $ | — |  |  | $ | 5,387 |  |  |  |  | $ | — |
10 |  |  | Del Mar |  | $ | 238 |  |  | $ | — |  |  | $ | 216 |  |  |  |  | $ | — |  |  | $ | 128 |  |  | $ | — |  |  | $ | 1,182 |  |  |  |  | $ | — |
11 |  |  | Law firm |  | $ | — |  |  | $ | — |  |  | $ | 291 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |
|  |  |  | Year Ended October 31, 2023 |  |
|  |  |  | Consolidated Statement of Operations |  |  |  |
Ref |  | Related-Party |  | Net Revenue Agribusiness |  | Net Revenue Other Operations |  | Agribusiness Expense and Other |  | Dividends Paid |  |
1 |  |  | Employees |  | $ | — |  |  | $ | 888 |  |  | $ | — |  |  | $ | — |  |  |
2 |  |  | Mutual water companies |  | $ | — |  |  | $ | — |  |  | $ | 1,306 |  |  | $ | — |  |  |
3 |  |  | Cooperative association |  | $ | — |  |  | $ | — |  |  | $ | 1,689 |  |  | $ | — |  |  |
4 |  |  | Cadiz / Fenner / WAM |  | $ | — |  |  | $ | — |  |  | $ | 2,074 |  |  | $ | — |  |  |
5 |  |  | YMIDD |  | $ | 1,080 |  |  | $ | — |  |  | $ | 134 |  |  | $ | — |  |  |
6 |  |  | FGF |  | $ | 330 |  |  | $ | 224 |  |  | $ | — |  |  | $ | — |  |  |
8 |  |  | Principal Owner |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 867 |  |  |
9 |  |  | Rosales |  | $ | 4,581 |  |  | $ | — |  |  | $ | 5,826 |  |  | $ | — |  |  |
10 |  |  | Del Mar |  | $ | 206 |  |  | $ | — |  |  | $ | 1,161 |  |  | $ | — |  |  |
(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. (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 9 - 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 provided pest control services for the agricultural industry through fiscal year 2024. The Company purchased services and supplies from them. (4) Cadiz / Fenner / WAM - A member of the Company’s board of directors served as the CEO, President and a member of the board of directors of Cadiz, Inc. through December 31, 2023. As of January 1, 2024, Cadiz, Inc. is no longer a related-party. 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 the lease assignment, the Company no longer had 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 and the Company paid dividends to such affiliate. The annual base rent was 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 ROU asset and corresponding lease liability, which were written off in fiscal year 2023 upon cessation of farming operations. (5) 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 and had a receivable outstanding. 14. Related-Party Transactions (continued) (6) FGF Trapani (“FGF”) - FGF is a 49% partner in the Trapani Fresh joint venture in Argentina and 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. The Company leases the Santa Clara ranch to FGF and records rental revenue related to the leased land. In fiscal year 2025, the Company recorded a reserve of $1,017,000 against the receivable which is recorded in selling, general and administrative expenses. (7) LLCB - Refer to Note 6 - Real Estate Development. (8) Principal owner - The Company has one principal owner with ownership shares over 10% and paid dividends to such owner. (9) Rosales - The Company has an equity interest in Rosales as further described in Note 7 - Equity in Investments. The Company recognizes lemon and orange sales to Rosales, procures lemons and oranges from Rosales and has amounts due to Rosales for such sales and purchases. (10) Del Mar - The Company has an interest in Del Mar as a general partner and as a limited partner as further described in Note 7 - Equity in Investments. Through August 3, 2025, the Company provided Del Mar with farm management services and Del Mar marketed lemons through the Company. The Company had an amount payable due to Del Mar for such lemon procurement in fiscal year 2024. (11) Law firm - One of the Company’s directors is a partner at a law firm that provided legal services to the Company and the Company had amounts due for such services.

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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 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 2: 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 3: 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 4: 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 5: 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/1943274/2147477968/946-235-50-2 Reference 6: 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/1943274/2147477968/946-235-50-2 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/1943274/2147479134/946-220-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/1943274/2147479134/946-220-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/1943274/2147479134/946-220-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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