Alico Inc. unveils strategy to shift from citrus to diversified land development and agriculture
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Alico Inc., a Florida-based agribusiness, is shifting from citrus to diversified land development and agriculture. After the 2024/2025 harvest, 25% of its 49,000 acres will be targeted for development, with 10% planned within five years, valued at $335-$380 million. The remaining 75% will be used for diversified agriculture. The company is seeking land use and zoning approvals and engaging with stakeholders.
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