Alico, Inc. (NasdaqGS:ALCO) will seek acquisitions. John Kiernan President and Chief Executive Officer said during the Fourth Quarter and Full Year 2022 Earnings Conference Call, "During the fiscal year 2022, we closed on the sale of approximately 9,400 acres of ranch land, and we still have approximately 20,000 acres of ranch land for potential sale and we are seeing continued interest from potential buyers. Future capital allocation decisions will be evaluated in an effort to maximize returns to shareholders, which may include, but are not limited to, pursuing opportunities to acquire additional citrus acres at attractive prices, repurchasing common shares, making other acquisitions or even considering special dividends as asset sales such as additional portions of the Alico Ranch are realized".
Alico, Inc. is an agribusiness and land management company. The Company is engaged in the sale of its citrus products, providing services to citrus groves owned by third parties, and grazing and hunting leasing. Its segments include Alico Citrus and Land Management and Other Operations. Alico Citrus segment is engaged in planting, owning, cultivating and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing and hauling of citrus. Its Land Management and Other Operations segment includes activities related to native plant sales, grazing and hunting leasing, management and/or conservation of unimproved native pastureland and activities related to rock mining royalties and other insignificant lines of business. It owns over 73,000 acres of land and 90,000 acres of mineral rights throughout Florida.
ALICO, INC. 
