Limoneira is a California-based agribusiness and real estate company founded in 1893. Its core business is growing, packing, and selling fresh lemons and avocados. Lemons are the primary revenue driver: Limoneira operates roughly 3,100 acres of lemon orchards in Ventura County and Yuma, Arizona, and two packinghouses that process both its own and third-party growers' lemons. As of November 2025, Limoneira transitioned lemon sales and marketing to Sunkist Growers, a nonprofit cooperative, which is expected to reduce costs and expand customer reach. Avocados are a growing second pillar, with approximately 1,500 acres planted in Ventura County, nearly all Hass variety, and management targeting roughly 2,000 bearing acres by FY2027. Profitability across both crops is driven by volume, fresh-market yield, and commodity pricing — both lemons and avocados are subject to significant price volatility. Beyond agriculture, Limoneira owns roughly 10,500 acres of California land, supporting two ancillary businesses: a rental portfolio of 238 residential units and commercial properties, and a 50/50 joint venture with Lewis Group of Companies developing "Harvest at Limoneira," a master-planned community in Santa Paula with roughly 2,050 approved residential units. Limoneira also periodically monetizes water rights in the Santa Paula Basin and through federal Colorado River fallowing programs. The company's strategy centers on expanding avocado acreage, cutting lemon costs via the Sunkist partnership, and divesting non-core assets to reduce debt.