March 19, 2024

Economic yearbook 2011

Florida's Biggest Private Landowners

The 10 — which own about a tenth of the state — will play a key role in Florida's future.

Cynthia Barnett | 4/1/2011

9 Florida Crystals

Florida Crystals

Privately held agricultural, real estate and energy company owned by the Fanjul family
Florida acres: 155,000
Headquarters: West Palm Beach

Florida Crystals is the umbrella company for the business interests of the Fanjul family, which owns 240,000 acres in the Dominican Republic along with its Florida acreage. Alfonso "Alfy" Fanjul Jr. and Jose "Pepe" Fanjul run the company as president and CEO. Its principal business is to produce and sell sugar. With three mills, a refinery and packaging and distribution plant, Florida Crystals also grows, mills and markets rice. Its renewable-energy plant converts biomass — waste such as leftover sugar cane stalks — to electricity for its sugar operations and about 60,000 homes.

This year, Florida Crystals is developing the South Florida Regional Intermodal Logistic Center in western Palm Beach County in partnership with the Port of Palm Beach. But the Fanjuls expect to remain primarily in the sugar business, not real estate.

"Around the edges we have properties that may be used for other purposes, but I would say the fundamental outlook that we have for agricultural properties is to continue trying to produce food," says Alfy Fanjul. "Sugar has been very stable. Sugar is in great demand."

Florida Business News

Florida News Releases

Florida Trend Video Pick

Incoming income tax instructor indicated
Incoming income tax instructor indicated

Affordable housing remains an issue; Income tax guidance on its way; What's in the 2024 budget; A mysterious threat to endangered sea life; Bass Pro Shops founder's "Florida Dream"

 

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Should Congress ban the popular social media app TikTok in the U.S.?

  • Yes
  • No
  • Need more details
  • What is TikTok?
  • Other (Comment below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2024 Trend Magazines Inc. All rights reserved.