Alico, one of Florida's largest citrus operations, completed a $26.9 million sale of 2,950 acres of citrus land during its second quarter ending March 31, 2026. The company posted net income of $11.4 million and adjusted EBITDA of $16.9 million for the period. The land sale is a notable move for an industry already under significant pressure from disease, weather, and rising costs.
Florida's citrus industry has been contracting for years due to citrus greening disease, and land sales like this one are part of a broader pattern of growers and operators downsizing or exiting. Every acre that leaves citrus production is acreage that won't be coming back anytime soon — and that has long-term implications for domestic orange and grapefruit supply.
For buyers sourcing Florida citrus, keep an eye on how quickly the production base is shrinking. The industry has already seen significant consolidation, and more land exits could accelerate the shift toward imported citrus filling the gap in domestic supply.