Alico, Inc. is a holding company which owns Alico Citrus, one of the nation's largest citrus producers, and Alico Water Resources, a leading water storage and environmental services company. Alico, Inc. also owns major land holdings in Florida. In January 2024 Alico announced their intention to discontinue citrus crop operations due to citrus greening disease and weather damage. They intend to keep 75% of their land in agriculture through leasing to other agricultural operators. In 1898, the Atlantic Land and Improvement Company was founded as a subsidiary of the Atlantic Coast Line Railroad and was the holding company for its real estate division. In February 1960, the Atlantic Coast Line Railroad (which later became part of CSX Transportation) spun-off the Atlantic Land and Improvement Company into the Alico Land Development Company, which was then renamed Alico in 1974. Alico is an acronym for Atlantic Land and Improvement Company. More information...
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