Limoneira enters water fallowing program; to receive ~$1.32M annually for 581 acres in Yuma

Limoneira CO

Company entered fallowing program with Yuma Mesa Irrigation and Drainage District and US Bureau of Reclamation through at least calendar 2025.
Expects ~$1.32M annually in quarterly installments for fallowing 581 of 1,300 owned acres in Yuma, Arizona.
Water saved from fallowing will be retained in Lake Mead as Colorado River System Conservation Water.
CEO notes company manages ~11,100 acres and ~21,000 acre-feet of owned water rights, sees further monetization opportunities.

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