ALICO, INC. 10-K

Item 2. Properties As of September 30, 2020, Alico owned 99,760 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 45,485 5,485 7,107 7,166 21,386 — 2,543 574 1,224 Citrus Nursery 22 — — — 22 — — — — Total Citrus Groves 45,507 5,485 7,107 7,166 21,408 — 2,543 574 1,224 Land Management and Other Operations 52,807 48,785 — 4,022 — — — — — Mining 526 — — — — 526 — — — Other 920 920 — — — — — — — Total 99,760 55,190 7,107 11,188 21,408 526 2,543 574 1,224 Approximately 51,300 acres of the properties listed are encumbered by credit agreements totaling approximately $151,000,000 as of September 30, 2020. For a more detailed description of the credit agreements and collateral please see Note 6. “Long-Term Debt and Lines of Credit” to the Company’s fiscal year 2020 consolidated financial statements. The Company currently collects mining royalties on approximately 526 acres of the land included in the table above and located in Glades County, Florida. These royalties do not represent a significant portion of operating revenues or gross profits.