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Home Limoneira Monetizes Portion of Its Premium 21,000 Acre-Feet of Water Rights at $30,000 per Acre-Foot

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Limoneira Monetizes Portion of Its Premium 21,000 Acre-Feet of Water Rights at $30,000 per Acre-Foot

SANTA PAULA, Calif.--(BUSINESS WIRE)--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced the successful completion of three separate water pumping rights transactions in the Santa Paula Basin, totaling $1.7 million. The sales, which valued the water pumping rights at $30,000 per acre-foot, underscore the increasing value...

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