ALCO
- Alico, Inc.
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Overview
Company Summary
Alico, Inc. (ALCO) is a company primarily engaged in the agriculture and land management business. Founded in 1960, Alico operates in two main segments: Alico Citrus and Land Management.
The Alico Citrus segment involves cultivating, harvesting, and marketing citrus fruits, primarily oranges. The company owns and manages approximately 9,200 acres of groves in Florida, making it one of the largest citrus producers in the state. Alico Citrus focuses on maximizing yields, quality, and profitability by employing efficient cultivation techniques, state-of-the-art technology, and strategic market positioning.
The Land Management segment is responsible for managing Alico's extensive land holdings. Alico owns approximately 111,000 acres of land in Florida, which it uses for various purposes such as cattle ranching, farming, forestry, and leasing. The company aims to optimize the value of its land assets through strategic land sales, lease agreements, and sustainable land management practices.
Alico also actively explores opportunities to increase its land holdings and diversify its agricultural business. They seek to acquire additional agricultural properties, pursue new agriculture-related ventures, and partner with other businesses in the industry.
Overall, Alico, Inc. focuses on the cultivation and marketing of citrus fruits while strategically managing its large land portfolio to maximize long-term value and profitability.