By Mike Harris Thursday, November 13th, 2025

Santa Paula-based citrus grower Limoneira announced Nov. 13 that it has sold its Chilean ranches, Pan de Azucar and San Pablo, for about $15 million.

“This transaction represents the continued execution of our two-part value creation strategy,” Harold Edwards, Limoneira’s president/CEO, said in a press release.

The sale closed Nov. 7.

Edwards said $6.8 million in cash proceeds is to be received initially. 

The two ranches consist of about 500 acres of lemons, 100 acres of oranges and other unplanted land.

“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,” Edwards said.

In addition, the company continues to streamline its operations to unlock even more value for its shareholders, he said.

Limoneira expects to shield the majority of proceeds associated with the sale from Chilean tax liabilities.

As part of the transaction, Limoneira maintains its 47% interest in a citrus packing, selling and marketing business in Chile.