date:Jan 15, 2020
million for the fiscal year 2019, compared to net income of $19.7 million for the fiscal year 2018.
Looking into fiscal year 2020 and beyond, the Company has an additional 1,200 acres of non-bearing lemons estimated to become full bearing over the next four years, which will enable the Company to achieve strong organic growth for many years to come. The Company expects 300 of the 1,200 acres to become full bearing in fiscal year 2021.
Beyond these 1,200 acres, Limoneira intends to plant an ad