Key Takeaways
- Limoneira sold its Pan de Azucar and San Pablo ranches in Chile for approximately $15 million, receiving an initial $6.8 million in cash.
- The ranches include roughly 500 acres of lemons, 100 acres of oranges, and additional unplanted land.
- The sale aligns with Limoneira’s strategy to grow agricultural income and monetize land and water assets.
- The company maintains its 47% stake in a Chilean citrus packing, selling, and marketing venture.
- Limoneira continues to pursue sales of non-strategic land and water rights valued at a combined $90–$110 million.
Limoneira Completes Sale of Chilean Ranches for $15 Million
Limoneira Company has completed the sale of its Pan de Azucar and San Pablo ranches in Chile, part of its ongoing strategy to optimize its agricultural operations and unlock long-term asset value. The transaction closed on November 7, 2025, with a total sales price of approximately $15 million for the two properties. The company will receive $6.8 million in initial cash proceeds and expects to shield most of the transaction from Chilean tax liabilities.
The divested ranches encompass around 500 acres of lemon production, 100 acres of oranges, and additional unplanted acreage. Despite the sale, Limoneira will retain its 47% ownership interest in a Chile-based citrus packing, selling, and marketing business.
President and CEO Harold Edwards said the sale supports the company’s ongoing strategic priorities. “This transaction represents the continued execution of our two-part value creation strategy. Not including our near-term pipeline, we have identified approximately $355–$405 million of real estate development assets we anticipate monetizing over the longer-term. In addition, we continue to streamline our operations which will unlock even more value for our shareholders.”
Agriculture Strategy: Streamlining and Expanding Production
Limoneira’s agricultural priorities include:
- Streamlining operations across its citrus and specialty crop portfolio.
- Expanding avocado production to support higher-margin growth.
- Optimizing lemon packing through its recently announced partnership with Sunkist.
- Continuing expansion of its organic recycling facility to support waste-to-value initiatives.
These efforts aim to strengthen core agribusiness performance while improving efficiency across production and packing operations.
Limoneira's Land and Water Asset Monetization
Alongside agricultural initiatives, Limoneira continues to advance the monetization of non-strategic land and water assets. The company’s near-term pipeline includes:
- Approximately $40 million in remaining non-strategic land assets available for sale.
- $50–$70 million in water rights planned for divestment.
The company also maintains a broader long-term real estate development portfolio valued at $355–$405 million, which is expected to be monetized over several years.
