Florida's signature crop is in crisis—key citrus grower to shut down after massive decline [Fortune]
Alico, Inc. (ALCO)
US:NASDAQ Investor Relations:
ir.stockpr.com/alicoinc/investor-home
Company Research
Source: Fortune
Alico Inc. announced Monday that it planned to wind down its citrus operations after the current crop is harvested later this year. About 3,400 citrus acres (1,376 hectares) will be managed by third-party caretakers for another season through 2026. Related Video The Fort Myers-based company owns 53,371 acres (21,598.5 hectares) across eight counties in Florida and 48,700 acres (19,708 hectares) of oil, gas and mineral rights in the state. About a quarter of its land holdings will now be slotted for potentially developing commercial or residential projects in the near and long term future, the company said in a news release. The company said its citrus production had declined by 73% over the past decade. The impact of Hurricanes Irma in 2017, Ian in
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ALCO
News
- 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]Fortune
- Alico, Inc. Takes Major Step in Strategic Transformation with Development Application for Master-Planned Community in Collier CountyGlobeNewswire
- Alico to Discuss Strategic Transformation Progress at the 37th Annual ROTH Conference [Yahoo! Finance]Yahoo! Finance
- Alico to Discuss Strategic Transformation Progress at the 37th Annual ROTH ConferenceGlobeNewswire
- Alico, Inc. (NASDAQ: ALCO) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
ALCO
Earnings
- 12/2/24 - Miss
ALCO
Sec Filings
- 3/14/25 - Form 8-K
- 2/28/25 - Form 8-K
- 2/12/25 - Form 10-Q
- ALCO's page on the SEC website