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Below you'll find a list of all posts that have been categorized as “financial”
Alico, Inc. announced financial results for the second quarter of fiscal year 2023. For the six months ended March 31, 2023, the company reported net loss of approximately $10.9 million, compared to net income of approximately $30.8 million for the six months ended March 31, 2022. This was primarily due to 1) the timing of the gains on sale of …
The U.S. Department of Agriculture (USDA) has announced details of a $75 million investment in conservation assistance for growers transitioning to organic production. USDA’s Natural Resources Conservation Service (NRCS) will dedicate financial and technical assistance to a new organic management standard and partner with new organic technical experts to increase staff capacity and expertise. The effort is part of the multi-agency …
Agriculture Secretary Tom Vilsack recently visited a citrus grove in Polk County, Florida, to survey the impact of Hurricane Ian and meet affected growers. He highlighted efforts by the U.S Department of Agriculture (USDA) to help Florida producers recover from the devastating impact of hurricanes. USDA is working through nearly 2,500 requests for assistance following Hurricane Ian. It has aided …
Alico Citrus harvested 841,000 boxes of early- and mid-season (early/mid) oranges for the three months ended Dec. 31, 2022. That’s a decrease of approximately 6.1% from the same period in the prior fiscal year. The company will complete harvesting of early/mid oranges in the current fiscal year. It said it will recognize an overall decrease in the number of early/mid …
The U.S. Department of Agriculture’s (USDA) Farm Service Agency (FSA) in Georgia is reminding farmers and landowners of the assistance it offers in the wake of a freeze. The state’s citrus industry suffered damage during the five-night freeze that occurred in late December. The FSA programs are the Tree Assistance Program (TAP) and the Noninsured Crop Disaster Assistance Program (NAP). …
Hurricane Ian in late September caused substantial fruit drop at the majority of Alico Citrus’ groves, the company reported in its recent fiscal year 2022 financial results. The fiscal year ended Sept. 30. “Fortunately, tree damage was largely limited to only one property,” said John Kiernan, president and chief executive officer. “This lost fruit impacted our fiscal year 2022 financial …
Four federal disaster assistance programs and one Florida program are among those available to growers to assist in recovery after Hurricane Ian. The first four programs listed below are available from the U.S. Department of Agriculture’s Farm Service Agency (FSA). To apply for these programs, contact a local FSA office, or the Florida FSA office at 352-379-4500. EMERGENCY LOAN PROGRAMThe …
The Florida Citrus Commission on June 15 approved a preliminary 2022–23 operating budget for the Florida Department of Citrus of $29.9 million. The preliminary budget includes $19.125 million in general revenue funding from the state of Florida for marketing, research and administration. The majority of the budget will fund domestic marketing programs aimed at driving sales of Florida orange juice (OJ). …
The Florida Department of Citrus (FDOC) in May proposed a preliminary 2022–23 operating budget of $31.4 million to the Florida Citrus Commission, its governing body. The 2021–22 operating budget was $29 million. Global marketing and public relations represent the bulk of the 2022–23 budget at $22.9 million, a 3.5% reduction from the previous season. The proposed orange budget will increase …
The Florida Department of Agriculture and Consumer Services (FDACS) is offering a cost-share program for producers of specialty crops who obtain food-safety certification. Producers who obtained food-safety certification for specialty crop products (fruits, vegetables or tree nuts) through several programs could be eligible for reimbursement of 75% of certification costs, up to $1,500 per producer. Programs include the U.S. Department …
Alico, Inc., one of Florida’s largest citrus producers, announced financial results for the fiscal quarter ending Dec. 31. Some highlights regarding the company’s citrus operation follow. For the quarter, Alico Citrus harvested approximately 0.8 million boxes of fruit, a decrease of 14.6 percent from the first quarter of the prior fiscal year. The decrease was principally related to there being …
The average blended price per pound solid (PPS) for juice oranges grown by Alico, Inc. fell from $2.42 in the prior fiscal year to $1.86 in the current fiscal year. That was largely due to the Florida citrus crop being greater than expected in the 2018-19 harvest season, leading to excess inventory levels at Florida citrus juice processors, the company …
The U.S. Department of Agriculture (USDA) on April 17 announced a Coronavirus Food Assistance Program to help agriculturists and consumers in response to the COVID-19 pandemic. The $19 billion program is intended to provide support to farmers and ranchers, maintain the integrity of the food supply chain and ensure every American has access to needed food. The program will use …
Florida Agriculture Commissioner Nikki Fried has advised growers and other agriculture-related businesses they can apply for the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP). The program is part of the $2 trillion federal Coronavirus Aid, Relief, and Economic Security Act, known as the CARES Act. The PPP loans are designed to provide a direct incentive for small businesses …
Florida Agriculture Commissioner Nikki Fried and Florida Farm Bureau President John L. Hoblick held a town hall meeting on Thursday with the state’s agriculture community on pressing issues. Some of the topics of discussion included: Ensuring agriculture and all related industries are essential at the federal, state and local levels. Promoting the continued and efficient processing of H-2A worker visas. Inter- and intra-state weight waivers for …
(NSF) — The Department of Agriculture and Consumer Services wants the Florida Supreme Court to put on hold a legal battle about payments to Lee County homeowners whose healthy citrus trees were cut down amid an effort to halt the spread of citrus-canker disease. The department on Wednesday filed a motion for a stay, after taking the long-running case to the Supreme Court last …
(NSF) — The Florida Department of Agriculture and Consumer Services has gone to the state Supreme Court after lower courts ordered payment of more than $13.6 million to Lee County homeowners whose healthy citrus trees were cut down amid an effort to halt the spread of citrus-canker disease. The department has filed a notice of appeal that is a first step in asking the …
Bonita Springs, Fla. – Governor Ron DeSantis announced that the Florida Division of Emergency Management (FDEM) has approved more than $77 million in payments to citrus growers impacted by Hurricane Irma through the Citrus Recovery Block Grant since January 2019. Upon taking office, Governor DeSantis directed FDEM to disburse hurricane recovery funding as quickly as possible, including providing field staff to …
Florida is starting to distribute federal disaster-relief money that was approved last year to help the citrus industry after Hurricane Irma caused massive damage to groves. Jared Moskowitz, director of the Florida Division of Emergency Management, said Wednesday that the state recently awarded $14 million from a $343 million federal block grant for the industry and continues to process and …
According to Mike Sparks, Florida Citrus Mutual executive vice president/CEO, Block Grant Administrator Elias Mathes will be in the Florida citrus industry next week and available to discuss the status and/or payment of growers’ block grant claims. Locations and time frames are as follows: Jan. 23, Bartow, Citrus Mutual Offices, from 8 a.m. to 3 p.m. Jan. 24, Sebring, Highlands …
