Profile: Alico Inc (ALCO.O)
27 May 2016
Alico, Inc., incorporated on February 1, 1960, is an agribusiness and natural resources management company. The Company's principal lines of business are citrus groves, cattle ranching and conservation, and related support operations. The Company operates through five segments: Citrus Groves, Improved Farmland, Ranch and Conservation, Agricultural Supply Chain Management and Other Operations. The Company's Citrus Groves segment includes activities related to planting, owning, cultivating and/or managing citrus groves in order to produce fruit for sale to fresh and processed citrus markets. The Improved Farmland segment includes activities related to owning and/or leasing improved farmland. The Ranch and Conservation segment includes activities related to cattle grazing, sod, native plant and animal sales, leasing, management and/or conservation of unimproved native pastureland. The Agricultural Supply Chain Management segment includes activities related to the purchase and resale of fruit, as well as value-added services, which include contracting for the harvesting, marketing and hauling of citrus. The Other Operations segment includes activities related to a citrus nursery, rock mining royalties, oil exploration and other lines of business.
As of September 30, 2015, the Company owned approximately 121,000 acres of land in over 12 Florida counties (Alachua, Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Highlands, Lee, Martin, Osceola and Polk), including approximately 90,000 acres of mineral rights. The Company owns and manages Citrus Groves in DeSoto, Polk, Collier, Hendry, Charlotte, Highlands, Osceola, Martin and Hardee Counties and engages in the cultivation of citrus trees to produce citrus for delivery to the fresh and processed citrus markets. Citrus Groves total approximately 46,800 gross acres of the Company's land holdings. Of the approximately 46,800 gross acres of citrus groves, the Company owns and manages, approximately 12,600 acres are classified as support acreage. Support acreage includes acres used for roads, barns, water detention, water retention and drainage ditches integral to the cultivation of citrus trees.
The Company produces Early and Mid-Season ranges, primarily Hamlin oranges, as well as a Valencia range for the processed market. The Company delivers its fruit to the processors in boxes, which contain approximately 90 pounds of oranges. As of September 30, 2015, the Company produced approximately 62,200,000-pound solids. The Company produces grapefruit, navel and other fresh ranges. The Company owns and manages Ranch and Conservation land in Collier and Hendry Counties, and engages in cattle production, sod and native plant sales, land leasing for recreational and grazing purposes, and conservation activities.
The Company's cattle operations include the production of beef cattle. Its cattle operations are located inHendry and Collier Counties. The breeding herd consists of approximately 8,600 cows and bulls. It primarily sells its calves to feed yards and yearling grazing operations in the United States. The Company also sells cattle through local livestock auction markets and to contract cattle buyers in the United States. The Company also engages in complimentary lines of business. The Company's Agricultural Supply Chain Management line of business includes activities related to value-added services provided to the Company and other Florida growers, including agricultural contracting for harvesting, hauling and marketing and the purchase and resale of fruit. The Company's Other Operations lines of business also include activities related citrus nursery and other small lines of business.
10070 Daniels Interstate Ct Ste
FORT MYERS FL 33913-7876