Alico Inc. unveils strategy to shift from citrus to diversified land development and agriculture

Reuters12-04 01:26

Alico Inc. unveils strategy to shift from citrus to diversified land development and agriculture

Alico Inc., a Florida-based agribusiness and land management company, has announced a strategic transformation following the wind-down of its citrus division after the 2024/2025 harvest. The company is transitioning to a diversified land model, with approximately 25% of its roughly 49,000-acre portfolio identified for potential development opportunities. Of this, about 10% is targeted for development within the next five years, representing around 5,500 acres with an estimated value between $335 million and $380 million. The remaining 75% of Alico's land will continue to be used for diversified agricultural ventures. The company's planning efforts include seeking land use and zoning approvals and engaging with agencies and stakeholders to align projects with community needs and environmental outcomes. You can access the full presentation through the link below. https://www.alicoinc.com

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alico Inc. published the original content used to generate this news brief on December 03, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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