Alico Inc
Alico is an agribusiness and natural resources management company, with a legacy
of achievement and innovation in citrus, cattle and resource conservation. The
Company owns approximately 122,000 acres of land in twelve Florida counties (Alachua,
Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Highlands, Lee, Martin, Osceola
and Polk) including approximately 90,000 acres of mineral rights. Our principal
lines of business are citrus groves, cattle ranching and conservation.
During the fiscal year ended September 30, 2015, the Company acquired three
Florida citrus properties for total consideration of approximately $363,000,000.
These acquisitions make Alico one of the largest citrus producers in the United
States of America.
Our mission is to create value for our customers and stockholders by managing
existing lands to their optimal current income and total returns, opportunistically
acquiring new agricultural assets and producing high quality agricultural products
while exercising responsible environmental stewardship.
We manage our land based upon its primary usage and review its performance
based upon two primary classifications - Orange Co. and Conservation and Environmental
Resources. In addition, Other Operations include lease income from an aggregates
mine and leases of oil extraction rights to third parties among other insignificant
lines of business. We present our financial results and the related discussion
based upon our three business segments (Orange Co., Conservation and Environmental
Resources, and Other Operations).
Company’s chief operating decision maker (“CODM”) in deciding
how to assess performance and allocate resources. CODM assessed performance
and allocated resources based on five operating segments: Citrus Groves, Improved
Farmland, Ranch and Conservation, Agricultural Supply Chain Management and Other
Operations.
Our core business strategy is to maximize stockholder value through continuously
improving the return on our invested capital, either by holding and managing
our existing land through skilled agricultural production, leasing, or other
opportunistic means of monetization, disposing of under productive land or business
units and/or acquiring new land or operations with appreciation potential.
Our objectives are to produce the highest quality agricultural products, create
innovative land uses, opportunistically acquire and convert undervalued assets,
sell-under productive land not meeting our total return profile, generate recurring
and sustainable profit with the appropriate balance of risk and reward, and
exceed the expectations of stockholders, customers, clients and partners.
Our strategy is based on best management practices of our agricultural operations,
environmental and conservation stewardship of our land and natural resources.
We manage our land in a sustainable manner and evaluate the effect of changing
land uses while considering new opportunities. Our commitment to environmental
stewardship is fundamental to the Company’s core beliefs.
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