• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
EnvironmentFood and drink

Florida’s signature crop is in crisis—key citrus grower to shut down after massive decline

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
January 7, 2025, 3:11 PM ET
Fifth generation farmer Roy Petteway looks at the damage to his citrus grove from the effects of Hurricane Ian on Oct. 12, 2022, in Zolfo Springs, Fla.
Fifth generation farmer Roy Petteway looks at the damage to his citrus grove from the effects of Hurricane Ian on Oct. 12, 2022, in Zolfo Springs, Fla.AP Photo/Chris O'Meara, File

A major grower said this week it was abandoning its citrus growing operations, reflecting the headwinds Florida’s signature crops are facing following a series of hurricanes and tree diseases.

Recommended Video

Alico Inc. announced Monday that it planned to wind down its citrus operations after the current crop is harvested later this year. About 3,400 citrus acres (1,376 hectares) will be managed by third-party caretakers for another season through 2026.

The Fort Myers-based company owns 53,371 acres (21,598.5 hectares) across eight counties in Florida and 48,700 acres (19,708 hectares) of oil, gas and mineral rights in the state. About a quarter of its land holdings will now be slotted for potentially developing commercial or residential projects in the near and long term future, the company said in a news release.

The company said its citrus production had declined by 73% over the past decade. The impact of Hurricanes Irma in 2017,Ian in 2022 and Milton in 2024 on trees already weakened from years of citrus greening disease “has led Alico to conclude that growing citrus is no longer economically viable for us in Florida,” said John Kiernan, Alico’s president and CEO.

Alico expected to reduce its workforce by up to 172 employees and has notified juice producer Tropicana about its decision, according to a U.S. Securities and Exchange Commission filing.

Florida’s citrus production has been declining for the past two decades because of citrus disease and some growers have been looking for alternative uses of their land.

Last month, agriculture officials said Florida’s orange production forecast for the 2024-2025 season had dropped 20% from the previous one in October, reflecting damage from Hurricane Milton. If the 12 million-box prediction holds, it will be 33% less than last season’s final production.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

trump
Energywind energy
Trump spent nearly $2 billion of taxpayer money to undo wind projects already underway. Dems demand answers
By Jennifer McDermott and The Associated PressApril 29, 2026
17 hours ago
steyer
PoliticsCalifornia
Tom Steyer runs for California governor on class traitor platform: ‘I’m the billionaire who wants to tax other billionaires’
By Sophie Austin and The Associated PressApril 29, 2026
18 hours ago
cobalt
EnvironmentData centers
The AI boom is built on the backs of the world’s poorest, most exploited people, UN researchers find
By Abraham Nunbogu, Kaveh Madani and The ConversationApril 29, 2026
22 hours ago
Islamic finance aligns naturally with ESG, says Maybank’s first-ever chief sustainability officer
EnvironmentSustainability
Islamic finance aligns naturally with ESG, says Maybank’s first-ever chief sustainability officer
By Angelica AngApril 29, 2026
1 day ago
national park
EnvironmentDonald Trump
White House withdraws hospitality executive as nominee to lead National Park Service as Trump slashes the department’s size
By The Associated Press and Matthew BrownApril 28, 2026
2 days ago
quesada
Commentaryfertilizer
Former president of Costa Rica on de-risking fertilizer shocks: how $700 billion in subsidies can do more
By Carlos Alvarado QuesadaApril 27, 2026
3 days ago

Most Popular

Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
3 days ago
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
Energy
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
By Shawn TullyApril 29, 2026
1 day ago
Jamie Dimon gets candid about national debt: ‘There will be a bond crisis, and then we’ll have to deal with it’
Economy
Jamie Dimon gets candid about national debt: ‘There will be a bond crisis, and then we’ll have to deal with it’
By Eleanor PringleApril 29, 2026
1 day ago
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
AI
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
By Sasha RogelbergApril 28, 2026
2 days ago
‘They left me no choice’: Powell isn’t going anywhere—blocking Trump from another Fed appointee
Banking
‘They left me no choice’: Powell isn’t going anywhere—blocking Trump from another Fed appointee
By Eva RoytburgApril 29, 2026
18 hours ago
More than two-thirds of U.S. schools say they’re unable to afford the cost of student free lunch—and MAHA’s dietary guidelines may make it worse
Economy
More than two-thirds of U.S. schools say they’re unable to afford the cost of student free lunch—and MAHA’s dietary guidelines may make it worse
By Sasha RogelbergApril 29, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.