Alico, Inc. (ALCO)

[Penny Roger$]

Alico, Inc. (Alico) is a land management company operating in Central and Southwest Florida. The Company operates in two segments: agricultural operations and non agricultural operations. Alico is involved in a variety of agribusiness pursuits, which include citrus production, sugarcane production and cattle ranching. Non-agricultural operations include leasing land for recreational, farming and grazing purposes, royalties from rock mining and real estate activities. Alico’s land is managed for cattle ranching, forestry and land leased for recreation and oil exploration utilize the same acreage in some instances. Its wholly owned subsidiary, Alico Land Development, Inc. (ALDI), is responsible for seeking and maintaining appropriate government entitlements. As of September 30, 2011, it owned approximately 139,600 acres of land located in Collier, Glades, Hendry, Lee and Polk Counties. During the fiscal year ended September 30, 2011, it obtained a Comprehensive Plan Amendment.

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