Industrial & Services Stocks
TWST: When did Alico start operations and what are your activities?
Mr. Alexander: Alico, or the Atlantic Land & Improvement Company, was founded in 1960. The company was spun off from the Atlantic Coast Line Railroad Company. We own approximately 130,300 acres in southwest Florida, which is located in Collier, Glades, Hendry, Lee and Polk counties. We produce citrus and sugarcane, as well as raise beef cattle. We also lease land, have rock and sand mines, and one producing oil well.
TWST: One of the accomplishments of Alico is the company has increased yield and decreased production costs in its citrus production. How do you do that?
Mr. Alexander: We farm the groves by using best management practices. I was a Production Manager for Alico from 1987 to 1997. During that time, we made a lot of progress in improving the production of our groves. It’s not really just one thing. It’s a lot of things which you do right routinely that creates a better situation all around. Most crops are annual crops. You plant them and have a crop in months.