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Stock impact report

Florida has become such a popular place to move that real-estate developers are building homes on top of orange groves to accommodate the exploding population [Fortune]

Alico, Inc. (ALCO) 
US:NASDAQ Investor Relations: ir.stockpr.com/alicoinc/investor-home
Company Research Source: Fortune
States, he points to the cookie-cutter, one-story homes encroaching on the orange trees from all sides. “At some point, this isn't going to be an orange grove anymore,” Murphy, a third-generation grower, says as he gazes at the rows of trees in Lake Wales, Florida. “You look around here, and it's all houses, and that's going to happen here.” Polk County, which includes Lake Wales, contains more acres of citrus than any other county in Florida. And in 2023, more people moved to Polk County than any other county in the country. Population growth, hurricanes and a vicious citrus greening disease have left the Florida orange industry reeling. Consumers are drinking less orange juice, citrus growers are folding up their operations in the state and the majo Read more
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