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Related-Party Transactions
9 Months Ended
Jul. 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 - Equity in Investments and in the tables below (in thousands):
July 31, 2025October 31, 2024
Balance SheetBalance Sheet
RefRelated-PartyReceivables/Other from Related PartiesOther AssetsPayables to Related PartiesReceivables/Other from Related PartiesOther AssetsPayables to Related Parties
Mutual water companies$— $507 $283 $— $526 $105 
YMIDD$306 $— $— $206 $— $— 
FGF$3,858 $514 $757 $2,184 $2,383 $837 
LLCB$— $— $3,444 $— $— $3,444 
Rosales$— $— $381 $— $— $629 
10 Del Mar$— $— $— $— $— $527 
Three Months Ended July 31, 2025Three Months Ended July 31, 2024
Consolidated Statement of OperationsConsolidated Statement of Operations
RefRelated-PartyNet Revenue AgribusinessNet Revenue Other OperationsAgribusiness Expense and OtherDividends PaidNet Revenue AgribusinessNet Revenue Other OperationsAgribusiness Expense and OtherDividends Paid
Employees$— $229 $— $— $— $240 $— $— 
Mutual water companies$— $— $244 $— $— $— $138 $— 
Cooperative association$— $— $— $— $— $— $17 $— 
YMIDD$302 $— $— $— $311 $— $— $— 
FGF$83 $50 $— $— $83 $50 $— $— 
Principal Owner$— $— $— $243 $— $— $— $240 
Rosales$240 $— $1,019 $— $368 $— $1,545 $— 
10 Del Mar$94 $— $216 $— $— $— $— $— 
11 Law firm$— $— $75 $— $— $— $— $— 
Nine Months Ended July 31, 2025Nine Months Ended July 31, 2024
Consolidated Statement of OperationsConsolidated Statement of Operations
RefRelated-PartyNet Revenue AgribusinessNet Revenue Other OperationsAgribusiness Expense and OtherDividends PaidNet Revenue AgribusinessNet Revenue Other OperationsAgribusiness Expense and OtherDividends Paid
Employees$— $693 $— $— $— $695 $— $— 
Mutual water companies$— $— $1,088 $— $— $— $712 $— 
Cooperative association$— $— $— $— $— $— $576 $— 
YMIDD$987 $— $82 $— $940 $— $62 $— 
FGF$248 $150 $— $— $248 $150 $— $— 
Principal Owner$— $— $— $734 $— $— $— $690 
Rosales$3,320 $— $1,908 $— $3,552 $— $1,594 $— 
10 Del Mar$206 $— $216 $— $— $— $— $— 
11 Law firm$— $— $208 $— $— $— $— $— 
(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 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 provided pest control services for the agricultural industry through fiscal year 2024. The Company purchased services and supplies from them.
(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 has a receivable outstanding.
(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.
(7) LLCB - The Company entered into a joint venture with Lewis for the residential development of our East Area I real estate development project and formed LLCB as the development entity. Refer to Note 5 - 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 noted in Note 6 - Equity in Investments. The Company recognizes lemon and orange sales to Rosales and procures lemons and oranges from Rosales. The Company had no amounts due from Rosales for such sales and had amounts due to Rosales for such purchases.
(10) Del Mar - The Company has an interest in Del Mar as a general partner and as a limited partner as noted in Note 6 - Equity in Investments. The Company provides Del Mar with farm management services and Del Mar markets lemons through the Company. The Company had an immaterial payable due to Del Mar for such lemon procurement as of July 31, 2025.
(11) Law firm - One of the Company’s directors is a partner at a law firm which provided legal services to the Company and the Company had immaterial amounts due for such services.