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Alico (NASDAQ: ALCO) inks 3,280-acre farm lease with $29.5M option

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Alico, Inc. entered into an Agricultural Lease Agreement with United States Sugar Corporation covering approximately 3,280 acres in Hendry County, Florida. The lease runs from July 1, 2026 to June 30, 2027, with U.S. Sugar holding a right to extend it for an additional ten-year term.

The agreement grants U.S. Sugar an option to purchase the property. If this option is exercised on or before June 30, 2029, the purchase price is $29,520,000, based on about 3,280 acres at $9,000 per acre, subject to annual increases and per-acre adjustments. If the lease is renewed, the option period is extended through June 30, 2031. The contract includes customary provisions on permitted use, legal compliance, environmental matters, defaults and remedies, and indemnification.

Positive

  • None.

Negative

  • None.

Insights

Alico signs a land lease with a sizeable purchase option attached.

The agreement lets U.S. Sugar lease about 3,280 acres for one year starting July 1, 2026, with the ability to extend for ten years. This secures agricultural use of the land while keeping flexibility for a future sale.

The option to purchase the property for $29,520,000 if exercised by June 30, 2029 sets a clear valuation anchor, with annual price increases and per-acre adjustments. If the lease is renewed, the option period runs through June 30, 2031, giving a multi-year window in which the land could convert to cash proceeds depending on U.S. Sugar’s decisions.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Purchase price $29,520,000 Option price if exercised on or before June 30, 2029
Per-acre price $9,000 per acre Basis for property purchase price before annual increases
Leased acreage 3,280 acres Agricultural land in Hendry County, Florida
Initial lease term July 1, 2026 to June 30, 2027 First-year agricultural lease to U.S. Sugar
Renewal term length 10 years Potential additional lease term if U.S. Sugar extends
Extended option period end June 30, 2031 If lease renewal term is exercised
Material Definitive Agreement regulatory
"Item 1.01. Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Agricultural Lease Agreement financial
"entered into an Agricultural Lease Agreement with United States Sugar Corporation"
option to purchase financial
"The agreement also grants U.S. Sugar an option to purchase the leased premises"
renewal term financial
"If the lease is extended for the renewal term, the option period will be extended"
indemnification legal
"The agreement contains customary provisions regarding ... indemnification, and governing law."
A contractual promise to cover losses, expenses, or legal claims that arise from specified events, such as breaches of representations or third‑party lawsuits. For investors, indemnification matters because it shifts potential financial risk and future cash outflows from one party to another, similar to a friend agreeing to pay your bill if you’re sued, and can affect deal value, expected returns, and contingent liabilities on the balance sheet.

FAQ

What agreement did Alico (ALCO) enter into with U.S. Sugar?
Alico entered into an Agricultural Lease Agreement with United States Sugar Corporation for approximately 3,280 acres in Hendry County, Florida. The lease supports agricultural and land preparation activities and includes an option for U.S. Sugar to purchase the property under specified terms.

What are the key dates for Alico’s new lease with U.S. Sugar?
The initial lease term begins on July 1, 2026 and ends on June 30, 2027. U.S. Sugar can extend the lease for an additional ten-year term, and the purchase option may run until June 30, 2029 or, if renewed, through June 30, 2031.

How much could Alico receive if U.S. Sugar buys the leased property?
If U.S. Sugar exercises its purchase option on or before June 30, 2029, the property’s purchase price is $29,520,000. This amount is based on roughly 3,280 acres priced at $9,000 per acre, subject to annual increases and certain per-acre adjustments.

How large is the property covered by Alico’s lease with U.S. Sugar?
The agreement covers approximately 3,280 acres of real property in Hendry County, Florida. This land will be used by United States Sugar Corporation for agricultural and land preparation activities under the lease terms and potential future purchase option.

What happens to Alico’s purchase option terms if the lease is renewed?
If U.S. Sugar extends the lease for the ten-year renewal term, the purchase option period is extended through June 30, 2031. The purchase price remains tied to $29,520,000 initially, with annual increases and per-acre adjustments as specified in the agreement.

What standard protections are included in Alico’s lease and option agreement?
The agreement includes customary provisions on permitted use, compliance with legal requirements, environmental matters, assignment and subleasing, defaults and remedies, indemnification, and governing law. These provisions are designed to manage operational, legal, and environmental obligations for both parties.

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Understanding 8-K Material Events →
false000000354500000035452026-06-182026-06-18

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________________________________________
FORM 8-K
_______________________________________________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): June 18, 2026
_______________________________________________________________________
ALICO, INC.
_______________________________________________________________________
(Exact name of registrant as specified in its charter)
_______________________________________________________________________
Florida0-26159-0906081
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
10070 Daniels Interstate Court, Suite 200, Fort Myers, FL 33913
_______________________________________________________________________
(Address of principal executive offices)(Zip Code)
239-226-2000
_______________________________________________________________________
(Registrant’s telephone number, including area code)
Not Applicable
_______________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
_______________________________________________________________________
Check the 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:
☐Written communications pursuant to Rule 425 under the Securities Act (17 C.F.R. 230.425)
☐Soliciting Material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R. 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14D-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R. 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common StockALCONasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 1.01. Entry into a Material Definitive Agreement.

On June 18, 2026, Alico, Inc., (the “Company”), entered into an Agricultural Lease Agreement with United States Sugar Corporation (“U.S. Sugar”), for approximately 3,280 acres of real property located in Hendry County, Florida. Among other things, the agreement provides for U.S. Sugar to lease the property for agricultural and land preparation activities.

The initial term of the lease commences on July 1, 2026 and expires on June 30, 2027, subject to U.S. Sugar’s right to extend the lease for an additional ten-year term in accordance with the terms of the agreement. The agreement also grants U.S. Sugar an option to purchase the leased premises during the option period, subject to certain terms and conditions. If the option is exercised on or before June 30, 2029, the purchase price for the property is $29,520,000, based on approximately 3,280 acres at $9,000 per acre, subject to an annual increase and certain per acre adjustments. If the lease is extended for the renewal term, the option period will be extended through June 30, 2031.

The agreement contains customary provisions regarding permitted use, compliance with legal requirements, environmental matters, assignment and subleasing, defaults and remedies, indemnification, and governing law. The foregoing description of the agreement is qualified in its entirety by reference to the full text of the agreement, which will be filed with the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 25, 2026
ALICO, INC.
 
By:/s/ Bradley Heine
Bradley Heine
Chief Financial Officer

Source: View Original Filing on SEC EDGAR

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