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Moora Citrus Project
- 2008 Growers |
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Cash Rebate |
8.25% |
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Closing Date |
CLOSED |
| Minimum
Investment |
$8,182 (ex
GST) |
| Term of Project |
19 years |
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Research |
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Adviser Edge |
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ATO Product Ruling |
2008/17 |
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Telephone: |
(08) 9430 5262 |
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Fax: |
(08)
9430
5552 |
The Moora
Citrus Project has been established to provide
investors with the opportunity to carry on the
business of commercially growing quality, fresh
citrus fruit near the town of Moora, a two hour
drive north of Perth.
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'4 Star' Investment Rating by Adviser Edge |
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Cash flow expected from Year 3 |
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19 year project |
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168,000 citrus trees when fully planted |
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Access to an underground water supply with only
“a small risk of any shortfall” |
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Targeting local WA fresh fruit market initially,
thereafter expanding to markets in Asia |
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Product Disclosure Statement PDS |
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Finance Application |
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THE CITRUS INDUSTRY
To date, the West Australian citrus industry has
been comprised of local producers with
insufficient scale to satisfy demand.
Approximately 60% of fresh citrus fruit sold in
Western Australia each year is sourced from
outside Western Australia.
Additionally, with the short term production
issues in the Murray-Darling Basin, stemming
from a lack of irrigation water, a market
opportunity exists for the Moora Citrus Project.
MARKET OPPORTUNITIES
Large retailers
are demanding higher volumes of preferred grades
of oranges (comprising quality and size) than WA
citrus growers can currently supply.
WA consumers prefer locally grown fruit to
imported fruit when product performance
is comparable.
The close proximity to the Asian
market provides an
advantage for major West
Australian citrus producers
compared to those located in the
Eastern States of Australia.
EXPERIENCED PROJECT MANAGER
Agcorp Australia Pty Ltd is the Project Manager
for the Moora Citrus Project.
Agcorp Australia and its
Directors have experience spanning:
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In excess of 25 years
management of an export
grain, pork and wool
production operation,
featuring agronomic
experience, animal
production and export supply
chain development |
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15 years management of
enterprise and capacity
building projects in
regional communities across
Australia |
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In excess of 30 years of
national accounting
experience specialising in
companies involved in
agribusiness. |
Complementing Agcorp Australia's
skills and experience are
specialist advisers with
national and international backgrounds
in their respective fields of
hydrogeology and irrigation system
development, citrus industry
development and nursery
management.
RISK MITIGATION
The
Project Manager is employing a number of
horticultural practices that are designed to
minimise the impact of risks such as:
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Wind |
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Fire |
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Pests and
disease |
The location selected for the
orchard brings with it some important benefits,
including:
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Its position
above an aquifer |
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Being
situated higher in the
landscape to minimise the
potential impact of frosts |
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Well
draining soils |
Refer to the Product Disclosure
Statement for more information on the risks
associated with the project and the plans for
mitigating these risks.
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INVESTMENT SUMMARY |
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Proposed Subscription |
2,452 citruslots
(183.9ha) |
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Number of Trees per
citruslot |
60 |
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Citruslot Size |
0.075 hectares |
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Minimum Application |
2 citruslots |
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Application Fee per
citruslot |
$4,500 (inc GST)/citruslot |
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Annual Management Fees1 |
Year 1 - $1,130 (inc
GST)
Year 2 - indexed from previous year2
Year 3 - indexed from previous year2 |
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Annual Rent |
Year 1 - $275 (inc GST)
Year 2 - indexed from previous year2
Year 3 - indexed from previous year2 |
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Performance Incentive3
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Calculated as 15% of
Net Proceeds to Growers |
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1 from Year 4
onwards, Annual Management Fees will be
the
greater of:
a) $770 (inc GST), indexed for each year
from year 4; or
b) the Grower's proportion of the
anticipated Operating and
Scheme Costs plus a margin of 15% (plus
GST)
2
index rate = 2.75%
3 payable from the year in
which harvesting commences |
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Simply download an Investment
Brochure/PDS above. It’s that easy! |
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