Alico's Participation at the BMO Global Farm to Market Conference
Alico's Engagement at the BMO Global Farm to Market Conference
In an exciting development, Alico, Inc. (Nasdaq: ALCO) has announced that John Kiernan, the Company’s President and Chief Executive Officer, will be actively engaging with investors at the BMO Global Farm to Market Conference. This prestigious event is scheduled for May 14-15 in New York City. The conference serves as a significant platform for companies in the agricultural sector to connect with potential investors and discuss future opportunities.
Overview of Alico, Inc.
Alico, Inc. is a notable player in agriculture, particularly as one of the largest citrus producers in the United States. The company operates through two primary divisions. The first is Alico Citrus, which focuses on citrus production. Meanwhile, the second division, Land Management and Other Operations, encompasses various activities, including land leasing and support services.
Transformation in Alico Citrus Operations
The company has recently announced plans to wind down operations for Alico Citrus following the current crop cycle in the first half of the upcoming calendar year. This decision, prompted by a combination of environmental and financial challenges, marks a pivotal shift in Alico’s strategic focus. Despite this transition, Alico is resolute in its commitment to the agricultural landscape of Florida.
Future Focus on Land Usage and Development
In light of their upcoming changes, Alico, Inc. is positioning itself towards a diversified approach in land usage. This long-term strategy is designed not just for growth but to adaptively respond to the evolving demands within the land development sector. The focus is on sustainable practices that align with market expectations while generating economic value.
Investor Relations and Leadership
Investor interactions are key in maintaining transparency and fostering trust. John Mills from ICR is leading investor communications, ensuring stakeholders are well-informed about the company’s direction and operational adjustments. For inquiries, investors can reach out at (646) 277-1254.
Contacting Alico’s Financial Team
The Chief Financial Officer, Brad Heine, is also available for investor questions. Those interested can contact him directly at (239) 226-2000. Both leadership and investor relations teams are readily accessible to foster open communication and participation from interested parties.
Alico's Commitment to the Future
As Alico transitions from its citrus production roots, the company remains committed to supporting Florida's agriculture industry through innovative land management solutions. The emphasis is on creating a sustainable and diversified business model that can withstand the shifts in environmental and economic landscapes.
Frequently Asked Questions
What is Alico's main business focus?
Alico primarily focuses on citrus production and land management operations, although it is transitioning away from citrus production.
Who is leading investor communications for Alico?
Investor communications are being led by John Mills from ICR.
What is Alico’s strategy for the future?
Alico aims to diversify its land usage and develop sustainable land management practices to adapt to market demands.
Where will the BMO Global Farm to Market Conference be held?
The conference will take place in New York City.
How can investors reach Alico for inquiries?
Investors can contact John Mills at (646) 277-1254 or Brad Heine at (239) 226-2000 for information and inquiries.
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