What Alico does

Alico, Inc. (NASDAQ: ALCO) is a Florida-based diversified land company that owns and manages approximately 51,300 acres across eight Florida counties, with 46,900 acres of productive agricultural land. Following a 2025 strategic transformation, the company wound down its legacy citrus operations (last significant harvest completed April 2025) and pivoted to a land-centric business model centered on three revenue streams: (1) recurring agricultural land leasing across approximately 32,500 farmable acres at 97% utilization through diversified fee-generating and revenue-sharing agreements with citrus growers, cattle operators, mining operators, sugarcane producers, and sod farming operations; (2) episodic non-core land sales, exemplified by the $26.9 million sale of 2,950 acres closed in Q2 FY2026 (year-to-date $34.6 million); and (3) long-duration real estate development led by the Corkscrew Grove Villages master-planned community on approximately 4,660 acres in Collier County, targeting up to 9,000 homes, 750 affordable units, and approximately 560,000 square feet of commercial space, with an estimated pipeline present value of $335-380 million.

The company monetizes its land holdings through direct enterprise relationships and government partnerships, including a 10-year agricultural research station lease with Bayer Crop Science on 100 acres of TRB property and a $5 million wildlife underpass co-development with the Florida Department of Transportation. Capital structure was strengthened in October 2025 via a $10 million debt amendment with MetLife Investment Management, extending maturity to May 1, 2034. The business is led by President and CEO John Kiernan (former Alico CFO, 12 years at Bear Stearns) and CFO Brad Heine, with Eric Speron elected to the Board in Q2 2026 to bring real estate and institutional equity expertise. The company maintains a 22-year consecutive dividend payment record and operates with a small employee base of 11-50, reflecting its asset-heavy, land-management operating model.

Name

Alico

Legal name

Alico, Inc.

Website

https://alicoinc.com

Company type

Public

Founded year

1899

Operating status

Operating

Headcount range

11–50 employees

Short description

Alico, Inc. is a Florida-based diversified land company owning approximately 51,300 acres across eight counties, generating revenue through agricultural land leasing (97% utilization of 32,500 farmable acres), episodic non-core land sales, and the Corkscrew Grove Villages master-planned community development in Collier County.

Ownership category

akta.pro rank

Product category

Land Management and Real Estate Development

NAICS

Citrus (except Orange) Groves (11132), Sugarcane Farming (11193), Animal Production and Aquaculture (112)

SIC

Agricultural Production-Crops (100), Agricultural Prod-Livestock & Animal Specialties (200), Mineral Royalty Traders (6795)

akta.pro primary industry

Citrus Orchards (Oranges, Lemons, Limes, Grapefruit) (AFAGACAA)

Keywords

• Land management services
• Agricultural land leasing
• Real estate development
• Agribusiness operations
• Land monetization

Headquarters

HQ city

Fort Myers Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Land Sales and Monetization: Sale of non-core agricultural land to generate capital. The company completed a $26.9 million sale of approximately 2,950 acres of non-core citrus grove in Q2 2026, with year-to-date land sales reaching $34.6 million.
2. Agricultural Land Leasing: Revenue from leasing agricultural land under diversified programs including agreements with citrus growers, cattle operators, mining operators, sugarcane producers, and sod farming operations. Approximately 97% of 32,500 farmable acres are now leased.
3. Real Estate Development: Long-term development opportunity through the Corkscrew Grove Villages project. The development pipeline has an estimated present value of $335 million to $380 million.
4. Citrus Operations (Wind Down): Legacy citrus production operations being wound down. The company completed its last significant citrus harvest in April 2025.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Alico, Inc. is a Florida-based diversified land company that owns and manages approximately 51,300 acres across eight Florida counties. Following a 2025 strategic transformation away from citrus production, the company generates revenue through agricultural land leasing to citrus growers, cattle operators, mining operators, sugarcane producers, and sod farmers, along with land sales and the Corkscrew Grove Villages master-planned community development project.

Product overview

Alico, Inc. operates as a diversified land company with approximately 51,300 acres of land across eight Florida counties. Following its strategic transformation in 2025, the company has shifted from citrus production to a land-centric business model with two primary segments: (1) Alico Citrus, which is being wound down after completing its last significant harvest in April 2025, and (2) Land Management and Other Operations, which generates recurring revenue through agricultural land leasing agreements with citrus growers, cattle operators, mining operators, sugarcane producers, and sod farming operations. The company's growth strategy centers on the Corkscrew Grove Villages master-planned community development project, land monetization through sales, and maximizing value from its extensive Florida land portfolio through responsible land stewardship and conservation.

Differentiator

Problem solved

Functional benefit

Products and services

• Alico Land Management and Other Operations Diversified land management segment that leases Alico's approximately 32,500 farmable agricultural acres under fee-generating or revenue-sharing agreements with citrus growers, cattle operators, mining operators, sugarcane producers, and sod farming operations. Targets enterprise agricultural operators seeking productive Florida farmland and generates recurring lease and royalty income.
• Corkscrew Grove Villages Master-Planned Community Master-planned community development project located at the northwest corner of Collier County on the border of Lee and Hendry counties in Southwest Florida, spanning approximately 4,660 acres. Planned to feature approximately 9,000 homes, 750 affordable housing units, and approximately 560,000 square feet of commercial space, with more than 6,000 acres of permanent conservation areas. Targets real estate developers, homebuilders, and commercial tenants in the Southwest Florida growth corridor.
• Agricultural Land Leasing Program Service offering that leases Alico's farmable Florida agricultural land to enterprise operators under fee-generating or revenue-sharing agreements covering citrus, cattle, mining, sugarcane, and sod farming operations. Achieves approximately 97% utilization of roughly 32,500 farmable acres and is anchored by long-term agreements such as a 10-year lease with Bayer Crop Science for a 100-acre agricultural research station.
• Alico Citrus (Legacy Citrus Operations, in Wind-Down)

Quantifiable outcome

• 97% farmable acreage utilization achieved through diversified agricultural partnerships
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered notable and core.

• Bayer Crop SciencenotableStrategic or Co-development Partner · 1 January 2026Alico entered into a 10-year lease with Bayer Crop Science to establish an agricultural research station on 100 acres of the TRB property located in Charlotte County, Florida.
• Florida Department of Transportation (FDOT)coreStrategic or Co-development Partner · 3 November 2025Alico partnered with FDOT to design and build a wildlife underpass along State Road 82 in Collier County, Florida. Construction expected to begin before end of 2025 and complete in 2027. Alico committed approximately $5 million towards the project supporting wildlife movement and panther recovery efforts as part of the Corkscrew Grove Villages expansion.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Tejon Ranch Company: Publicly traded master-planned community developer and ranch operator holding roughly 270,000 acres in California. Closely matches Alico's combination of large-scale land ownership, agricultural operations, and a single flagship community development project (Tejon Ranch Commerce Center / Centennial).
• The St. Joe Company: Florida-focused land-management and real estate development company with tens of thousands of acres in Northwest Florida. Mirrors Alico's Florida concentration and strategy of monetizing legacy landholdings through master-planned residential and commercial communities.
• Limoneira Company: California-based agribusiness centered on citrus production that has layered on real estate development (Harvest at Limoneira). Directly comparable to Alico's legacy citrus operations plus its emerging development-over-cropland transition.
• Gladstone Land Corporation: Farmland REIT that acquires and leases cropland to farmers across the US. Closely aligned with Alico's lease-to-grower model and 97% farmable-acre utilization.
• Farmland Partners Inc. Public farmland REIT owning and leasing approximately 200,000 acres of farmland across North America. Comparable business model of owning land and earning recurring rental income from agricultural operators.
• Keweenaw Land Association, Limited: Michigan-based land-management company focused on timber and mineral rights with a similar small-headcount operating model. Highly comparable in scale and resource-based land-management orientation; notably, Alico board member Eric Speron serves on Keweenaw's board.

Broad incumbents

• Weyerhaeuser Company: Largest private owner of US timberlands with a real estate development segment. Relevant analog as a large public land-management company with development exposure, though timber-focused rather than agriculture-focused.
• Potlatch Deltic Corporation: Timberland REIT operating ~2.2 million acres of timberland across the US. Comparable land-ownership and lease-revenue model, albeit in timber rather than agriculture; shared REIT-like structure for monetizing rural land assets.
• Rayonier Inc. Timberland REIT with approximately 2.7 million acres of timberland plus a real estate development business. Comparable land-ownership-plus-development business model and lease economics, although commodity-timber rather than agricultural.

Emerging players

• Howard Hughes Holdings Inc. Texas-based operator of master-planned communities (The Woodlands, Summerlin, Bridgeland). Comparable in flagship master-planned community development on owned land, although focused on urban/suburban mixed-use rather than greenfield Florida rural development.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/alicoinc
• Facebookfacebook.com/alicoinc
• LinkedInlinkedin.com/company/10023173
• Instagraminstagram.com/alico.inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alico