Coke plans major expansion of Fla. orange groves
Coca-Cola Co. says it is spending $2 billion to support the planting of 25,000 acres of new orange groves in Florida, a move officials are lauding as a major investment in the Sunshine State's citrus industry.
The announcement was made at a news conference at Coca-Cola's juice production plant in Auburndale. Coca-Cola owns the Minute Maid and Simply juice brands.
About 5 million trees will be planted in the new groves, believed to be the largest citrus addition in the state in at least 15 years. The groves will be located in Polk, DeSoto and Hendry counties in central Florida.
Company officials say the new groves and resulting juice production are expected to add about 4,100 jobs to Florida's economy.
The move also is seen as a boost to historically declining acreage devoted to citrus production in Florida. During the state's past housing boom, many citrus farmers sold their land to developers. Since 1997, total citrus acreage has fallen by 25 percent, from 600,000 acres to 450,000 acres, because of the disease, pests and other pressures, according to Florida Citrus Mutual.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- SEC approves looser mortgage lending guidelines
- Mini goes mainstream
- First Niagara sets aside $45 million
- Faulty air bags in 30M vehicles
- Motoring Q&A: ‘Check engine’ light doesn’t reset itself
- Allegheny Technologies reports $700,000 loss in 3Q
- Highmark seeks double-digit increase for more benefits, heavy use
- EQT Corp. boosts profits despite lower gas prices
- Bond mutual funds continue to carry their weight
- Rule to close coal royalty loophole
- Stocks rise broadly on earnings; Amazon sinks