Increase in revenue for agricultural companies driven by strong avocado sales
Avocado sales saw a spike in 2024, benefiting agricultural companies that dealt with them. Limoneira, a lemon grower in Santa Paula, reported a record-breaking $191.5 million in net revenues for fiscal year 2024. This growth was primarily fueled by an all-time high of $25.1 million in avocado sales, as per the company’s earnings report released on December 23.
Similarly, Mission, an avocado producer based in Oxnard, also experienced a positive impact from the surge in avocado sales.
Overall, the agribusiness sector showed promising results in 2024, with avocado sales playing a significant role in driving revenue growth for companies like Limoneira and Mission.
