Item 2. Properties
Item 2. Properties
As of September 30, 2024, we owned approximately 53,371 acres of land located in eight counties in Florida. Acreage in each county and the primary classification with respect to the present use of these properties is shown in the following table:
Total Hendry Polk Collier DeSoto Glades Charlotte Hardee Highlands
Alico Citrus:
Citrus Groves 48,229 8,497 6,746 7,057 21,593 — 2,530 583 1,223
Citrus Nursery 22 — — — 22 — — — —
Total Citrus Groves 48,251 8,497 6,746 7,057 21,615 — 2,530 583 1,223
Land Management and Other Operations 4,594 1,319 — 3,275 — — — — —
Mining 526 — — — — 526 — — —
Total 53,371 9,816 6,746 10,332 21,615 526 2,530 583 1,223
Approximately 36,800 acres of the properties listed are encumbered by credit agreements totaling $220,000, of which there was $92,551 outstanding at September 30, 2024. For a more detailed description of the credit agreements and collateral please see Note 7. Long-Term Debt and Lines of Credit to the Consolidated Financial Statements included in this Annual Report.
Although we have mineral rights on substantially all our owned acres, with additional mineral rights on other leased acres, we currently collect commercial mining royalties on 526 acres within Land Management and Other and agricultural mining royalties on approximately 158 acres within our Citrus operations. We do not collect mining royalties on any non-owned lands. These royalties do not represent a significant portion of operating revenues or gross profits.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.