Inflation and Interest Rates: As an agribusiness and land management company, Alico is sensitive to rising interest rates (Federal Reserve's stance) which can impact borrowing costs for land development and operational expenses. Inflation (US March CPI Data) also affects the cost of inputs like fuel, labor, and construction materials, potentially compressing margins.

Real Estate Market Conditions in Florida: A significant part of Alico's strategy involves land monetization and real estate development in Florida. Macroeconomic trends affecting the Florida real estate market, such as population growth, housing demand, and construction costs, will directly influence the success and profitability of its development projects like Corkscrew Grove Villages.

Agricultural Commodity Prices: While transitioning away from citrus, Alico still has diversified agricultural operations and leasing activities. Fluctuations in commodity prices for agricultural products, as well as demand for rock and sand royalties, will impact its residual agribusiness revenues and the attractiveness of leasing its farmable land to other growers.