Alico, Inc. (NASDAQ:ALCO) shares traded higher on Monday after the Florida-based agribusiness and land management company announced key changes to its operations. Alico plans to wind down Alico Citrus’ primary operations, which will include reducing most of its citrus production workforce effective immediately. Alico’s Board approved reducing up to 172 positions, with 135 employees affected by January 6, 2025, and the remainder by April 1, 2025.…

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Major Florida grower to end citrus operations after years of hurricanes and tree disease

A major grower said this week it was abandoning its citrus growing operations. The decision reflects the headwinds Florida’s signature crops are facing following a series of hurricanes and tree diseases. Alico Inc. announced on Monday that it planned to…

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Tropicana Supplier Alico Cuts Citrus Operations As Greening Disease Bites, Eyes Growth In Real Estate; Stock Jumps - Alico (NASDAQ:ALCO)

ORLANDO, Fla. (AP) -- A major grower said this week it was abandoning its citrus growing operations, reflecting the headwinds Florida's signature crops are facing following a series of hurricanes and tree diseases.

Financial Post

Leon Cooperman

Allianz

Alico Inc., one of the biggest US orange growers and a supplier to Tropicana, will wind down its citrus division after disease and hurricanes have driven a decades-long decline in production.

Bloomberg

Michael Bloomberg

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Howard Buffett

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Tropicana Supplier Alico to Shut Citrus Unit as Industry Suffers

ORLANDO, Fla. (AP) — A major grower said this week it was abandoning its citrus growing operations, reflecting the headwinds Florida's signature crops are facing following a series of hurricanes and tree diseases. Alico Inc.

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Alico Inc. announced Monday that it planned to wind down its citrus operations after the current crop is harvested later this year.

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Hearst Communications

Florida

The company said its citrus production had declined by 73% over the past decade.

Fortune

Chatchaval Jiaravanon

Florida’s signature crop is in crisis—citrus grower to shut down after massive decline

ORLANDO, Fla. (AP) — A major grower said this week it was abandoning its citrus growing operations, reflecting the headwinds Florida’s signature crops are facing following a series of hurricanes and tree diseases. 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 …

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Miami-Dade County

Major Florida grower to end citrus operations after years of hurricanes and tree disease - WSVN 7News | Miami News, Weather, Sports

ORLANDO, Fla. (AP) — A major grower said this week it was abandoning its citrus growing operations, reflecting the headwinds Florida’s signature crops are facing following a series of hurricanes and tree diseases. Read more...

Tropicana Supplier Alico Cuts Citrus Operations As Greening Disease Bites, Eyes Growth In Real Estate; Stock Jumps - Alico (NASDAQ:ALCO)

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