Profile: Alico Inc (ALCO.O)
20 Apr 2015
Alico, Inc. (Alico), incorporated on February 1, 1960, is an agribusiness and land management company. Alico is engaged in citrus groves, improved farmland including sugar cane, cattle ranching and conservation and related support operations. It receives royalties from rock mining and oil production. The Company operates in five segments: Citrus Groves, Improved Farmland, Ranch and Conservation, Agricultural Supply Chain Management and Other Operations. As of September 30, 2011, it owned approximately 130,800 acres of land located in Alachua, Collier, Glades, Hendry, Lee and Polk Counties. The Company manages its land based upon its primary usage and reviews its performance based upon three classifications, which include Citrus Groves, Improved Farmland and Ranch and Conservation. It operates an Agricultural Supply Chain Management business that is not tied directly to its land holdings and Other Operations that include leasing mines and oil extraction rights to third parties.
Citrus Groves include activities related to planting, owning, cultivating or managing citrus groves in order to produce fruit for sale to fresh and processed citrus markets. Agricultural Supply Chain Management and Support includes activities related to the purchase and resale of fruit, as well as, to value-added services which include contracting for the harvesting, marketing and hauling of citrus. Improved Farmland includes activities related to planting, owning, cultivating, managing or leasing improved farmland. Improved farmland is acreage that has been converted, or is permitted to be converted, from native pasture and which has various improvements including irrigation, drainage and roads. Ranch and Conservation includes activities related to cattle grazing, sod, native plant and animal sales, leasing, management or conservation of unimproved native pasture land. Other Operations include activities related to rock mining royalties, oil exploration and other insignificant lines of business.
10070 Daniels Interstate Ct Ste
FORT MYERS FL 33913-7876