Alico, Inc. announced on May 23, 2025, that its agreement with Tropicana has been terminated, effective immediately. This development comes as Alico is in the process of winding down its capital-intensive citrus production operations.
All obligations under the terminated agreement are scheduled to be settled by July 15, 2025. The termination aligns with Alico's strategic transformation to become a diversified land company, moving away from large-scale citrus farming.
While Alico had previously signed a new three-year Orange Purchase Agreement with Tropicana in May 2024, anticipating higher pricing, the company's broader strategic shift involves reducing its reliance on citrus production and monetizing its extensive land holdings through other avenues.
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