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Below you'll see everything we could locate for your search of “alico”
Alico, Inc. on Jan. 15 announced the sale of approximately 2,950 acres of citrus grove in Hendry County for $26.8 million. The company also announced that it has made significant progress in its plans to generate cashflow from its agricultural assets. Those actions have advanced its strategic transformation from traditional citrus operations to a diversified land company. According to Alico, …
Alico, Inc., which completed its last major citrus harvest this year, announced results for the fourth quarter and fiscal year ended Sept. 30. LESS PRODUCTION For the fiscal year, Alico Citrus harvested 2.3 million boxes of fruit, a decrease of 25.9% from the prior year. It harvested 944,000 boxes of early- and mid-season oranges, down 20.9% from 2024. Its Valencia …
Alico, Inc. on Aug. 12 announced its financial results for the third quarter ended June 30, following completion of its last major citrus harvest. John Kiernan, Alico president and chief executive officer, said the harvest marks “a significant milestone in our strategic transformation to become a diversified land company. This harvest concludes the majority of our capital-intensive citrus production operations, …
Florida landowner Alico, Inc. announced May 13 that it completed its last major citrus harvest in April. The company will conduct a final harvest on the majority of its 3,783 acres of remaining operational citrus groves in fiscal year 2026. Alico has negotiated agreements to lease another 5,250 acres of different groves to third-party citrus growers next season. Earlier this …
Florida Citrus Mutual Executive Vice President and Chief Executive Officer Matt Joyner’s optimism about the industry’s future comes on the heels of a major citrus grower stepping out of production. Alico’s departure from the citrus industry earlier this year was a body blow to the industry, according to one industry expert. Joyner feels similarly but also believes there are extenuating …
Alico, Inc., which in January announced it will cease citrus operations after this season, declared plans to develop two villages in Collier County. The company reported it is filing a development application for the first of the two villages, Corkscrew Grove East Village. The development ultimately will be a 3,000-acre master-planned community in northwest Collier County. “There will be an …
Alico, Inc., which will cease citrus production after this season, reported its citrus harvest declined in the three months ending Dec. 31, 2024 compared to the same period a year earlier. For those three months, Alico Citrus harvested approximately 4 million pound solids of fruit, compared to 4.7 million pound solids in the same period in the prior fiscal year. …
Large Florida citrus grower Alico Citrus will cease operations after the current season’s harvest, parent company Alico, Inc. announced Jan. 6. The company cited increasing financial challenges from citrus greening disease and “environmental factors.” Alico owns approximately 53,371 acres of land across eight counties in Florida, as well as approximately 48,700 acres of oil, gas and mineral rights in the …
Alico Citrus in Florida harvested 3.1 million boxes of oranges for the fiscal year that ended Sept. 30, an increase of 14.7% from the prior year. That’s slightly higher than the 13.5% increase for the Florida citrus industry as a whole. HARVEST AND PRICES Alico harvested 1.194 million boxes of early- and mid-season oranges for juice in the recent fiscal …
Initial assessments indicate that Alico, Inc. sustained minimal tree damage and some fruit drop from Hurricane Milton. The company stated that its approximately 48,000 acres of citrus groves in Charlotte, Collier, DeSoto, Hardee, Hendry, Highlands and Polk counties, Florida, sustained hurricane or tropical storm force winds for varying durations of time. Initial observations include measurable drop of fruit from trees …
Alico, Inc.’s Citrus Division harvested more fruit in the three months and nine months ended June 30 than during the same periods in the prior fiscal year. Harvests for the three-month and nine-month periods were approximately 0.8 million and 3.1 million boxes, respectively, compared to 0.4 million boxes and 2.7 million boxes, respectively, in the prior fiscal year. POUND SOLIDS AND …
Alico, Inc. announced that it entered into a new three-year agreement with its largest customer, Tropicana Brands Group (Tropicana), to supply citrus fruit. The agreement is effective June 5, 2024, through July 31, 2027. This supply agreement succeeds existing agreements that are set to expire at the end of July 2024. This agreement effectively sells the citrus fruit grown on …
Alico, Inc. President and Chief Executive Officer John Kiernan recently discussed several Alico citrus grove transitions and transactions. Here are some of his comments that were included in an announcement of the company’s financial results for the period ending March 31. “To be clear, Alico will continue to conduct our regular citrus operations at nearly all of our groves for …
Alico, Inc. announced financial results for the second quarter of fiscal year 2024 and the six months ended March 31, 2024. Revenues of $32.1 million for the six-month period were relatively flat as compared to $31.9 million for the same period last year. BOXES AND POUND SOLIDS Alico harvested approximately 1.2 million boxes (second quarter) and 2.2 million boxes (six-month …
Alico, Inc.’s Citrus Division reported it had “significantly lower than anticipated” early and mid-season orange production for the fiscal quarter that ended Dec. 31, 2023. It blamed the reduction on the ongoing effects of 2022’s Hurricane Ian. Although the early and mid-season crops were lower than anticipated, Alico still harvested more boxes, produced more pound solids and received higher prices …
Alico Citrus, a division of Alico, Inc., harvested less than half its citrus in the fiscal year ending Sept. 30, 2023 as it did in the prior year. The decline was largely the result of impacts from Hurricane Ian in September 2022. Alico has approximately 49,000 citrus acres in seven Florida counties. The company reported on Dec. 6 that it …
Alico, Inc. began treating citrus trees in January 2023 with an oxytetracycline (OTC) product via trunk injection as a citrus greening therapy. “Through June 30, 2023, we have treated over 35% of our trees with OTC, which is expected to mitigate some of the impacts of citrus greening and is expected to decrease the rate of fruit drop, as well …
Florida citrus grower and landholder Alico, Inc. on Aug. 3 announced financial results for the third quarter of fiscal year 2023 and the nine months ended June 30, 2023. For the nine months, Alico harvested approximately 2.7 million boxes of citrus, a decrease of approximately 51% from the same period in the prior fiscal year. After the completion of the …
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 …
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 …
