August 9, 2022

Major citrus grower adds to holdings

The major citrus firm Alico, Inc. said Monday it has bought another 3,280 acres of citrus land in Hendry County for $16.45 million.

John Kiernan, president and CEO of the Fort Myers-based company, said the purchase of what is known as the Alexander Grove from Gardinier Florida Citrus, Inc., will allow Alico to add “scale” to its existing 45,000 acres of citrus properties.

“This Alexander Grove appears to have been very well maintained and substantial new plantings were completed in recent years,” Kiernan said in the statement. “Strategically, the Alexander Grove neighbors existing Alico groves, and this will likely enable Alico to continue to operate as a low-cost, high producing citrus grower. We believe that this latest acquisition continues to demonstrate Alico’s commitment to being a long-term citrus industry leader.”

The announcement came after the U.S. Department of Agriculture last month forecast a 15 percent decline in orange production for the recently started 2020-2021 growing season as compared to last season.

Many Florida growers have struggled in recent years against residential and commercial development, foreign imports, changing drinking habits and citrus greening, an incurable bacterial disease.

Tags: News Service of Florida

Florida Business News

Florida Trend Video Pick

Ybor City restaurant set to close after 93 years
Ybor City restaurant set to close after 93 years

After 93 years, Tony's Ybor Restaurant will be closing early next month. Larry Scaglione says his grandfather started the restaurant off 22nd Street in 1929.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Should recreational marijuana for ages 21 and up be legalized in Florida?

  • Absolutely
  • No way
  • Undecided/need more information
  • Other (Please share your comments in the comment section below)

See Results

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

© Copyright 2022 Trend Magazines Inc. All rights reserved.