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. Alico Inc.

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.

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

Dealing another major blow to what has been one of Florida’s signature industries. Fort Myers-based Alico Inc. announced it will “wind down” citrus operations and focus on more-profitable uses of

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

PLANT CITY, Fla. — Freezing temperatures means strawberry and citrus growers risk losing millions of dollars of crop. They can burn strawberry plants, especially the more fragile flowers, which produce berries. Vice President of Parkesdale Farms, Matt Parke, said that future berry is what he and his team are trying to protect.