Alico, Inc. is exiting citrus production after disease and hurricane damage made its groves uneconomical, shifting toward leasing farmland and managing land for future development. The company is pursuing entitlements across its 47,300-acre portfolio, including a proposed 4,660-acre Collier County community that could eventually include about 9,000 homes, though state and federal approvals remain pending. Alico has generated more than $90 million from agricultural land sales over the past 18 months and is using its liquidity to avoid distressed sales, fund operations and return capital through dividends and share repurchases.
Alico IncAlico is exiting unprofitable citrus, monetizing land sales ($90M+), and returning capital via dividends and buybacks while funding a shift to land development.
