Limoneira Co Q4 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Benjamin David Klieve - National Securities Corporation, Research Division - Analyst : First one here. Harold, you kind of alluded to this in your prior answer. But I'm wondering if you could elaborate a bit more on how you're looking at managing inventory in coming months and quarters in the event that the food service industry really does pick up. I mean to what extent are you going to kind of -- reap fruit on the trees for a bit longer, reap fruit that's already been processed for a little bit longer with the hope of getting better pricing as food service opens up. Or is that really not something that you're going to mess around with too much?

Question: Benjamin David Klieve - National Securities Corporation, Research Division - Analyst : Got it. Got it. Very interesting. Well, it's tricky to navigate, but best luck as you do so. My other question here is regarding water rights. I'm hoping you can just kind of provide a general update on how you're looking at water rights over the next year. And in particular, in the context of like you said a dry year so far in California, an even drier year in the Colorado River Basin. Does the current weather impact, how you're thinking about those at all? And any updates from a big picture would be appreciated.