Limoneira expands avocado production with 800 acres of new plantings

Reuters03-24

Limoneira expands avocado production with 800 acres of new plantings

Limoneira paused its regular common stock dividend to fund strategic investments including expanding avocado production, increasing organic recycling capacity, and pursuing new housing projects.
Avocado expansion includes 800 acres of non-bearing trees expected to reach full bearing over the next two to four years.
An organic recycling joint venture with Agromin is planned to process 300,000 tons of organic waste annually when operational.
The company said it is tracking toward about USD 10 million in selling, general and administrative savings tied to operational streamlining and a Sunkist partnership.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Limoneira Company published the original content used to generate this news brief via Business Wire (Ref. ID: 202603231605BIZWIRE_USPR_____20260323_BW474725) on March 23, 2026, and is solely responsible for the information contained therein.

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