Read here for a discussion of Alico (ALCO) stock's transition to land development, with potential for significant enterprise value and long-term growth.

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.

A major grower said this week it was abandoning its citrus growing operations, reflecting the headwinds Florida's signature crops are facing following a series of hurricanes and tree diseases. Alico Inc.

Orange groves owned by Alico have been at the heart of Florida's citrus industry for 100 years, but production has declined by over 70% over the past 10 years.

Alico unveils new business strategy going forward, which includes the major decision to phase out its citrus division.

Dealing another major blow to what has been one of Florida’s signature industries., Fort Myers-based Alico Inc. announced it will “wind down” citrus operations and focus on more-profitable uses of