Alico Inc. CEO explains shift away from citrus industry

Author: David Dorsey, Gulfshore Business
Published: Updated:

Profits from citrus farming just weren’t enough for Alico Inc.’s shareholders.

In announcing Jan. 6 that it would be stepping back from citrus farming, Alico Inc. also announced it would be charting a new course for the future.

Founded in the 1800s as a railroad company, Alico soon diversified its interests to timber. By the 1960s, those business interests were centered around citrus farming. But in 2017, a one-two punch of Hurricane Irma and a relentless disease known as greening began cutting into orange profits across Florida.

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