ALCO

Alico, Inc. operates as an agribusiness and land management company primarily focused on citrus production in Florida. Headquartered in Fort Myers, Florida, the company manages approximately 42,000 acres of land, with roughly 33,000 acres dedicated to citrus groves, making it one of the largest citrus producers in the United States. Alico cultivates early and mid-season orange varieties, primarily selling its fruit to processors for the production of not-from-concentrate orange juice. The company's business model centers on two main divisions: Alico Citrus, which encompasses grove management and fruit production, and Land Management and Other Operations, which includes leasing land for cattle grazing, farming, oil exploration, and conservation purposes. Alico owns and operates citrus processing and packing facilities that support its production operations. The company has faced ongoing challenges from citrus greening disease (HLB), which continues to impact Florida's citrus industry, prompting investments in grove rehabilitation, advanced agricultural practices, and tree replacement programs. In recent years, Alico has focused on optimizing its existing groves, managing water resources efficiently, and exploring value-added opportunities within its extensive land holdings. As a publicly traded company on NASDAQ under ticker ALCO, it employs approximately 300 people and generates annual revenues primarily from citrus fruit sales and land leasing activities.