Limoneira Co was incorporated in Delaware in 1990 as the successor to several businesses with operations in California since 1893. It is an agribusiness and real estate development company founded and based in Santa Paula, California. The Company's current operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. It also operates its own packinghouses in Santa Paula, California and Yuma, Arizona, where it processes, packs and sells lemons that it grows as well as lemons grown by others. The Company's business segments are agribusiness, rental operations, and real estate development. The agribusiness division is comprised of two reportable segments, lemon operations and other agribusiness, and includes our farming, harvesting, lemon packing and lemon sales operations. The rental operations division includes our residential and commercial rentals, leased land operations and organic recycling. The real estate development division includes our real estate projects and development. The Company markets and sells its lemons directly to the food service, wholesale and retail customers in the United States, Canada, Asia, Australia and certain other international markets. In its other agribusiness segment, the oranges, specialty citrus and other crops are sold out through Sunkist and other packinghouses. The Company sells all of its avocados to Calavo. The Company's operations are subject to a broad range of evolving federal, state and local environmental laws and regulations.
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