Inventories are valued at the lower of cost or net realizable value. Costs related to fresh produce are determined on the first-in, first-out basis. Specific identification and average cost methods are also used, primarily for certain packing materials and operating supplies. In the normal course of business, the Company incurs certain crop growing costs such as land preparation, planting, fertilization, grafting, pruning and irrigation. Based on the nature of these costs and type of crop production, these costs may be capitalized into inventory. Generally, all recurring direct and indirect costs of growing crops for fresh produce other than bananas and pineapples are capitalized into inventory. These costs are recognized into cost of sales during each harvest period.


	June 30, 2025		December 31, 2024

	(U.S. Dollars in thousands)
Finished products	$	267,360	$	295,729
Raw materials, work in progress, and packaging materials	100,207		62,380
Crop growing costs	20,394		29,342
Agricultural and other operating supplies	27,812		42,639
Inventories, net of allowances	$	415,773	$	430,090