Limoneira
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|
| Public limited | |
| Traded as | LMNR:NASDAQ |
| ISIN | US5327461043 |
| Industry | Agricultural food products |
| Founded | 1893 |
| Founders | Nathan W. Blanchard and Wallace L. Hardison |
| Headquarters | 1141 Cummings Rd, Santa Paula, CA 93060,, United States |
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Key people
|
Harold Edwards (President, CEO and Director) |
| Services | Agribusiness, rental operations and real estate development |
| Total assets | $362,510,483 |
| Website | limoneira |
Limoneira is a public limited agribusiness and real estate development company based in California, United States. The Company's operations mainly consist of production, sales and marketing of citrus and avocados They have three business segments which are agribusiness, rental operations and real estate development. The company received the IPM Innovator Award at California Legislature Assembly Resolution.
It has repeatedly been called one of the largest lemon producers in the state and world including "one of the oldest citrus growing organizations of the West Coast", "the oldest ongoing citrus operation in California"
Limoneira was founded in 1893 at Union Oil Company Building in Santa Paula, California by Nathan Blanchard, Sr., one of the founders of Santa Paula, and Wallace Hardison and started with 412.96 acres of land which over time would increase as the company grew. There are several stories behind the name "Limoneira" with some saying it came from Spanish and others said it was Portuguese. At the time, they were growing both lemons and oranges and 1895 was a milestone for the company, when it planted 690 orange trees, its first non-lemon product. By 1898, the company had nearly 50,000 trees, consisting of: 32,000 lemon trees, 3,000 grapefruit trees and 12,000 orange trees. This year, Blanchard also retired and appointed Charles M. Teague as his successor.
The Limoneira plantation also had its own fire department, which still exists today and is one of the oldest continuously operating fire departments in Ventura County. In 1901, Limoneira achieved its first net profit and paid its first dividend to stockholders the following year. In 1907, Limoneira purchased the 2,300 acre Olivelands Tract, acquiring 1,000 of agriculture for walnuts, olives, beans, corn and hay and, because it converted 1,300 to livestock grazing, the company also purchased the Santa Paula and Horse and Feed Company the next year. In January 1908, the newspaper Ventura Free Press ran a story for Limoneira called "Greatest Lemon Ranch in the World", saying ""A further increase in the size of the largest lemon plantation in the world...will be the result of planting this season at the Limoneira Ranch. There are now...27,000 bearing lemon trees on the property, and this year trees will be on 300 acres more. The crop last year was the largest since the planting has begun..Bigness is not the chief end kept in view the management of the ranch. The growth of the enterprise, in fact, has come from never flagging efforts to maintain and improve the quality of the product. In addition to lemons, the ranch has 500 acres of walnuts".
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Wikipedia