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

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.

The citrus company said Monday that it has lost approximately 73% of its citrus production over the past decade.

One of the oldest citrus producers in the state is shutting down. It comes as another blow to the already struggling industry.

Pointing to Florida’s decades-long fight with deadly citrus greening disease and damage from hurricanes, a major grower said it will “wind down” citrus operations and focus on more profitable uses of its land.