AND EXCHANGE COMMISSION
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Report (Date of earliest event reported) October
P.O. Box 338, La Belle,
of principal executive
telephone number, including area code: (863)
name or former address, if changed since last report)
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
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by reference is a press release issued by the Registrant on October 11, 2005,
attached as Exhibit 99.1, announcing Alico Inspectors discover early canker
FINANCIAL STATEMENTS AND EXHIBITS
99.1- Press release annnouncing Alico inspectors discover early canker find
dated October 11, 2005.
to the requirements of the Securities Exchange Act of 1934, the registrant
duly caused this report to be signed
behalf by the undersigned hereunto duly authorized.
October 11, 2005
John R. Alexander
President & Chief Executive Officer
Inspectors Discover Early Canker Find
FL., October 11, 2005 -- Alico, Inc. (NASDAQ:ALCO), one of the South’s
best-known agribusiness companies operating in Central and Southwest Florida,
was recently informed by the Florida Department of Agriculture and Consumer
Services that citrus canker was confirmed in Alico’s 2 X 6 grove located in
Hendry County, Florida.
Alexander, Chairman and CEO of Alico, Inc. said, “This is the third canker find
in our groves this year. The Company’s in-house canker inspectors discovered the
disease early and hopefully the early detection will minimize the loss.” To
date, the three canker finds have led to the destruction of approximately
acres of the Company’s 11,147 producing citrus acres.
the trees in this grove are covered under the Federal Crop Insurance program.
net loss of approximately $610 thousand, consisting of tree development costs
and inventoried costs less tax benefits and expected insurance reimbursements
will be recorded in the fourth quarter of fiscal 2005 as the canker existed
that time. Additionally, under the Florida Canker Eradication Program, citrus
may not be replanted on the property until it has been determined that the
property has been canker-free for two years. Accordingly, the Company is
evaluating the property for its best future use. The 2 X 6 grove is not
contiguous to other Company groves.
canker is a highly contagious bacterial disease of citrus that causes premature
leaf and fruit drop. Citrus canker causes no threat to humans, animals or
life other than citrus. In order to eradicate the disease, infected and exposed
trees within 1,900 feet of the canker find must be removed and destroyed
accordance with Florida law.
Inc., an agribusiness company operating in Central and Southwest Florida,
approximately 136,500 acres of land located in Collier, Hendry, Lee and Polk
Counties. The company is involved in various operations and activities including
citrus fruit production, cattle ranching, sugarcane, sod production, and
forestry. The Company also leases land for farming, cattle grazing, recreation
and oil exploration, and is increasingly involved in exploring real estate
development in and beyond its holdings.
in this press release that are not statements of historical or current fact
constitute ``forward-looking statements'' within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other unknown factors
could cause the actual results of the Company to be materially different
the historical results or from any future results expressed or implied by
forward-looking statements. The forward-looking statements contained herein
also subject generally to other risks and uncertainties that are described
time to time in the Company's reports and registration statements filed with
Securities and Exchange Commission.