Alico, Inc. (ALCO) Sector
Consumer Staples

(Current) $27.95
0.37 (1.34%) Open Price: 27.77

 

Alico, Inc. (NASDAQ: ALCO) is a holding company with assets and related operations in agriculture and environmental resources, including citrus and wildlife management. The company is headquartered in Fort Myers, Florida, and has been a leading agribusiness player since its inception in 1960. Alico's legacy is marked by its unwavering commitment to innovation, sustainability, and community engagement.

 

Alico's core business lies in citrus production, with its subsidiary Alico Citrus being one of the largest citrus growers in the United States. The company owns and manages approximately 84,000 acres of citrus groves across Florida, producing a variety of oranges, grapefruits, and other citrus fruits. Alico Citrus is renowned for its innovative growing practices, utilizing cutting-edge technology to optimize yield, quality, and sustainability.

 

Alico's commitment to sustainability extends beyond its citrus operations. The company's subsidiary Alico Water Resources is a leading provider of water storage and environmental services. Alico Water Resources manages a network of reservoirs and water delivery systems, providing irrigation water to citrus growers and other agricultural producers. The company also engages in environmental restoration projects, enhancing water quality and protecting vital ecosystems.

 

Alico's landholdings extend beyond citrus groves, encompassing approximately 100,000 acres of rural property. The company manages this land for a variety of purposes, including farming, conservation, and wildlife management. Alico is also a strong advocate for rural communities, supporting local businesses and organizations that contribute to the economic and social well-being of rural areas.

 

Alico is committed to environmental stewardship, implementing sustainable practices throughout its operations. The company's citrus groves are managed using integrated pest management techniques, reducing reliance on pesticides and herbicides. Alico also actively engages in water conservation efforts, utilizing precision irrigation systems and minimizing water use.

 

Alico is a financially strong company with a proven track record of profitability. The company's consistent financial performance has enabled it to invest in innovation, expand its operations, and maintain its commitment to sustainability. Alico is well-positioned for continued growth and success in the future, driven by its strong market presence, commitment to innovation, and dedication to sustainability.

 

Alico, Inc. is a true pioneer in the agribusiness industry, setting the standard for innovation, sustainability, and community engagement. The company's legacy of achievement is built upon a deep understanding of the environment, a commitment to responsible stewardship, and a passion for providing high-quality products to consumers worldwide. As the world faces the challenges of climate change and resource scarcity, Alico is poised to play a leading role in shaping a more sustainable future for agriculture.

 



 

(03/01/24) $27.77
(03/04/24) $27.58
(03/04/24) (Qty.)14,133
(03/01/24) $27.50
(03/01/24) $27.84
(05/14/23) $22.58
(12/10/23) $31.00
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