Agriculture is a crucial activity for any country. This activity provides the country and its people with the necessary resources for many purposes, like food, clothing, and many other things. It also acts as a provider of raw materials to many industries. Having a robust agriculture industry ensures the upliftment of farmers from rural areas and enables the country to export its surplus. Agriculture is a major industry in most countries around the world. The agriculture industry in the US contributes almost $100 billion to its economy. Hence, this is an industry that cannot be ignored, rather should be kept in focus as it can ensure grassroots development and the overall betterment of the society.
Within the agriculture industry also, there are many companies engaging in many different types of activities required in this industry. Some companies are engaged in the production of food grains, while some others provide materials required for farming and some other companies provide heavy-duty machinery required for large scale productions. Investing in such companies enables the industry to do better which is in turn beneficial for all. Investing in agriculture stocks has many different risks than stocks in other industries. The risks of sinking a stock’s value comes from events like droughts, fire, pests, or diseases which can damage crops. When investing in this industry, one should keep in mind that it is best for long term returns and is not very easily bought or sold.
Alico Inc. is a company operating in this sector. It is traded on the Nasdaq index under the ticker ‘ALCO’. This is a company with assets and operations in agriculture and environmental resources including wildlife management and water management. The company operates in two segments- Alico Citrus, and Water Resources and Other Operations. Alico Citrus engages in planting, owning, and managing citrus groves. Water Resources and Other Operations is involved in activities like cattle grazing, leasing land for grazing and recreation, and mining activities. The objective of Alico Inc. (NASDAQ: ALCO at https://www.webull.com/quote/nasdaq-alco) is to produce high-quality agriculture products, create innovative uses for land, acquire and convert undervalued assets, sell underproductive land and generate sustainable profits for their shareholders. Founded in 1960, Alico Inc is headquartered in Fort Myers, Florida. Benjamin D. Fishman is the Chairman, and John E. Kiernan is the President and CEO of Alico Inc.
The NASDAQ: ALCO stock is currently traded on the index at $31. Its market cap is worth $232.25 million. The company has reported revenue of $20.60 million and EPS of -$0.29 for the first quarter of 2020. Its competitors are Bunge, Ingredion, Limoneira, Darling Ingredients, etc. You can check more stock news at stock trading app.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.