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LMNR Stock - Limoneira Co


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Limoneira Company operates as a diversified agribusiness and real estate development firm with a significant presence both in the United States and internationally. The company divides its operations into three primary divisions: Agribusiness, Rental Operations, and Real Estate Development. Through its Agribusiness division, Limoneira cultivates, processes, packs, markets, and distributes lemons, along with a diverse array of crops including avocados, oranges, specialty citrus like Moro blood oranges and Star Ruby grapefruit, as well as pistachios and wine grapes.

Limoneira manages approximately 5,600 acres dedicated to lemon production across key regions such as Ventura, Tulare, San Luis Obispo, and San Bernardino Counties in California, as well as international locations including Jujuy, Argentina, Yuma County, Arizona, and La Serena, Chile. The company also maintains 900 acres for avocado cultivation in Ventura County, 1,000 acres for oranges in Tulare County, and another 1,000 acres for specialty citrus and other crops.

In addition to its agricultural pursuits, Limoneira engages in rental operations, leasing residential housing units and commercial office buildings. It further supplements its revenue through leasing approximately 500 acres of its land to third-party agricultural tenants. The company is actively involved in organic recycling operations and undertakes real estate development projects, including the development of land parcels for multi-family housing and single-family homes.

Limoneira markets its agricultural products directly to a diverse customer base that includes food service, wholesale, and retail clients. It also supplies avocados, oranges, specialty citrus fruits, and other crops to third-party packinghouses, while selling its wine grapes to wine producers. Founded in 1893 and headquartered in Santa Paula, California, Limoneira continues to expand its agricultural footprint and real estate portfolio, focusing on sustainable growth and innovation in both sectors.

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Stock Sector: Food and Beverages: Farm Products

 

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