Avocado Prices Hurt Mission Produce's Quarterly Earnings

Limoneira also saw revenue declines as avocado pricing and recent deals impacted the Central Coast agriculture companies.

Mar. 19, 2026 at 3:50am

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Two publicly traded agriculture companies based in California's Central Coast region, Limoneira and Mission Produce, recently reported mixed financial results for their latest quarter. Both companies saw revenue declines, which they attributed to challenges with avocado pricing and recent business deals.

Why it matters

As major players in the region's agriculture industry, the financial performance of Limoneira and Mission Produce can provide insights into broader trends and challenges facing Central Coast farmers and producers, particularly those focused on avocado crops.

The details

Mission Produce, a major avocado grower and distributor, reported that lower avocado pricing negatively impacted its sales and earnings for the quarter. Limoneira, which grows a variety of citrus fruits and avocados, also saw revenue declines that the company linked to avocado pricing and recent acquisitions.

  • The financial results were released on March 12, 2026.
  • The reporting period covered the latest quarter.

The players

Mission Produce

A major avocado grower and distributor based in California's Central Coast region.

Limoneira

A publicly traded agriculture company that grows a variety of citrus fruits and avocados in the Central Coast region.

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The takeaway

The financial challenges faced by these two prominent Central Coast agriculture companies underscore the sensitivity of the region's growers and producers to fluctuations in commodity prices, particularly for key crops like avocados.