Major Florida grower to end citrus operations
Alico Inc. to end citrus operations in Florida after hurricanes, disease devastate groves
Pointing to Florida’s decades-long fight with deadly citrus greening disease and damage from hurricanes, a major grower Monday announced it will “wind down” citrus operations and focus on more-profitable uses of its land.
The December numbers were the first projections after Hurricane Milton pounded citrus-growing areas in October.
Alico, Inc. (NASDAQ:ALCO) shares traded higher on Monday after the Florida-based agribusiness and land management company ...
Greening disease was introduced in the late 90s to Florida, and has had detrimental effects on citrus production.
The citrus company said Monday that it has lost approximately 73% of its citrus production over the past decade.
The company concluded that "growing citrus is no longer economically viable for us in Florida," with disease and hurricanes ...
One of the oldest citrus producers in the state is shutting down. It comes as another blow to the already struggling industry ...
Alico said it is winding down its citrus operations and cutting the bulk of its workforce, citing increasing financial challenges from several seasons of citrus greening disease and environmental ...
Florida researchers work on genetically modifying trees to kill insects as Fort Myers based grower, Alico, stops citrus production.
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