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Acquisitions (Tables)
6 Months Ended
Apr. 30, 2017
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
Finalizing the fair value summary is subject to certain potential purchase price adjustments as defined in the purchase agreement.
 
Cultural costs
 
$
473,000
 
Other current assets
 
 
166,000
 
Land and land improvements
 
 
2,748,000
 
Buildings and equipment
 
 
206,000
 
Orchards
 
 
2,876,000
 
Investment in Rosales
 
 
828,000
 
Water rights
 
 
1,120,000
 
Deposit for land purchase
 
 
645,000
 
Goodwill
 
 
442,000
 
Total assets acquired
 
 
9,504,000
 
 
 
 
 
 
Current liabilities
 
 
(327,000)
 
Current and long-term debt
 
 
(1,759,000)
 
Deferred income taxes
 
 
(974,000)
 
Noncontrolling interest
 
 
(644,000)
 
Net cash paid
 
$
5,800,000
 
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following is a summary of the fair value of the assets acquired on the date of acquisition based on a third-party valuation, which is considered a Level 3 fair value measurement under FASB ASC 820, Fair Value Measurements and Disclosures:
 
Land
 
$
11,560,000
 
Land improvements
 
 
1,800,000
 
Buildings and building improvements
 
 
110,000
 
Orchards
 
 
1,050,000
 
Fair value of assets acquired
 
$
14,520,000