Geoff Gannon February 7, 2021

Alico (ALCO): A Florida Orange Grower Selling Land, Paying Down Debt, and Focusing on its Core Business

Alico (ALCO) is a landowner in Florida. The company is – or is quickly becoming – basically just an owner of citrus groves that produce oranges for use in Tropicana orange juice. The majority of the land Alico owns is still ranch land. The company has about 100,000 acres in Florida. Of this about 55,000 acres are ranch land and 45,000 acres are orange groves. The book value consists almost entirely of the actual capitalized cost of the orange trees on the land. The land...

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