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.

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

Lisa Kudrow revealed during an interview on “The Drew Barrymore Show” (via People) that she recently discovered a note the late Matthew Perry left for her inside the “Friends” cookie jar, which he gifted her after they wrapped filming the series finale in January 2004. Kudrow wouldn’t reveal what the letter said but mused: “Timing …

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.

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