Limoneira Company (LMNR) has significantly increased its avocado production forecast for fiscal year 2024, aiming to capitalize on strong demand and elevated prices. The company anticipates a record avocado harvest in the fourth quarter, driven by strategic timing and holding the fruit to match higher pricing. Despite expecting lower volume in 2025 due to the natural cycle of avocado trees, Limoneira anticipates expanding avocado production in the long term.