Limoneira to sell 724-acre vineyard for $15MM

SANTA PAULA, CA–(BUSINESS WIRE)–Aug. 17, 2026– Limoneira Company BB #:168478, a diversified lemon and avocado growing and lemon packing company with related agribusiness activities and real estate development operations, today announced its wholly owned subsidiary, Windfall Investors, LLC, entered into a Purchase and Sale Agreement to sell Windfall Farms, its approximately 724-acre vineyard property in Paso Robles, California, following a competitive public auction conducted by Concierge Auctions, LLC in cooperation with Sotheby’s International Realty.

Bidding opened on August 5, 2026 and concluded on August 15, 2026. The property will be sold to a private buyer for $15 million all cash. The transaction is expected to close on September 14, 2026, subject to customary closing conditions.

The proposed sale of Windfall Farms is the latest step in Limoneira’s ongoing strategy to monetize nonstrategic assets, strengthen its balance sheet, reduce debt, and redeploy capital into higher-return opportunities across its core agribusiness and real estate platforms.

Limoneira pursued a public auction process for the property to help establish the property’s market-based value through open, competitive bidding. Net proceeds from the sale are expected to be used to reduce outstanding debt and fund avocado acreage expansion, as well as other capital allocation initiatives, consistent with the Company’s capital allocation priorities.

“The sale of Windfall Farms is part of our stated goal of selling non-strategic assets in order to enhance shareholder value,” said Harold Edwards, President and Chief Executive Officer of Limoneira Company. “We are pleased with the outcome of the auction process and look forward to using the proceeds to strengthen our balance sheet, reduce debt and support strategic growth initiatives.”

About Limoneira Company
Limoneira Company, a 133-year-old international agribusiness headquartered in Santa Paula, California, has become one of the premier integrated agribusinesses in the world. Limoneira (lē moñ âra) is a dedicated sustainability company with 7,000 acres of rich agricultural lands, real estate properties, and water rights in California, Arizona and Argentina. The Company is a leading producer of lemons and avocados that are enjoyed throughout the world. For more about Limoneira Company, visit www.limoneira.com.