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0 0 0.00461195928753179 0.00508905852417303 0.00127226463104323 0.00858778625954197 0.00620229007633589 -0.00604325699745551
Stock impact report

Major Florida grower to end citrus operations after years of hurricanes and tree disease [Yahoo! Finance Canada]

Alico, Inc. (ALCO) 
US:NASDAQ Investor Relations: ir.stockpr.com/alicoinc/investor-home
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. 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 2022 and Mi Read more
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