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Since
1992, Timbercorp has raised more than $1
billion in funds invested into
agribusiness projects by more than
15,000 investors from around Australia.
Timbercorp
currently manages:
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more
than 91,700 hectares of eucalypt
plantations; |
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one of the world’s largest olive groves on a single site; |
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the
largest single managed almond orchard
estate in Australia; |
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1,250
hectares of citrus orchards; |
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412
hectares of table grape vineyards; |
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650
hectares of mangoes; and |
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950
hectares of avocados. |
Timbercorp is
an ASX/S&P 200 listed company with net assets in
excess of $465 million at 31 March 2007. The Timbercorp group of companies has been
established for 14 years and have built a strong
financially sound business to ensure that they
manage your investments throughout the project
term. They are a market leader in agribusiness
investment with a proven track record.
About the project
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A
commercial investment in Australian
almonds with established end markets |
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100%
tax deductible supported by ATO Product
Ruling PR2007/105 |
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Build
wealth through attractive after tax
returns over the 23 year term |
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2 year
project extension if after tax IRR does
not exceed 9.5% p.a. by the end of the
term |
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Flexible finance terms |
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Ability to participate as a joint
venture grower with another entity, such
as your self managed super fund |
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Premium land, professionally managed by
Select Harvests Limited – Australia’s
largest integrated producer, processor
and marketer of almonds |
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Guarantee from Select Harvests to sell
all almonds |
A well
managed agribusiness venture is a
specialised activity outside of the
traditional investment classes. Well
managed, and undertaken on a large
scale, it can provide attractive returns
and form a valuable part of a
diversified portfolio.
Timbercorp is
Australia’s leading agribusiness investment
manager. They source, fund and manage high
quality, large scale agribusiness projects for
investors looking for attractive tax advantaged
returns.
The 2007
Timbercorp Almond Project is an opportunity to
participate in horticulture and establish a
future long-term income stream with immediate
tax benefits supplying almonds for domestic and
export sale to established markets.
How does the project
work?
You will become an almond grower in a
commercial almond orchard that is expected to
enter commercial production from early 2010 by:
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sub-leasing two or more identifiable
allotments of land of approximately ¼
hectare each, called Almondlots; |
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engaging Timbercorp to harvest and
procure the processing of the almonds
grown on your Almondlots; and |
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appointing Timbercorp to market the
almonds grown on your Almondlots. |
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What fees are payable per Almondlot?
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Application Moneys
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$9,000 |
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31 Oct 2008 |
$2,000 (rent and
management fee) |
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Ongoing annual fees
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Rent:
$770 from Oct 2009 – Oct 2011
and then $1,610 for each subsequent year
indexed to inflation
Farm Operating Costs:
Commencing Oct 2009 and each
subsequent year |
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Management fees deducted
from crop proceeds |
Deferred management fees of 7.15% of Gross Proceeds from the 2010 financial year
* Costs include GST |
Timbercorp's Project
Investment Criteria
In choosing crops for projects, Timbercorp draws
on almost two decades of experience in
establishing some of Australia’s largest and
most successful agribusiness projects. That
experience has defined key selection attributes,
essential when striving to deliver sound
commercial returns. These attributes are all
clearly present in the 2007 Timbercorp Almond
Project.
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CRITERIA
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ALMONDS |
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1 Secure End Markets |
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Established sales channels in growing
domestic or export markets.
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Domestic (63%):
retailers, distributors and food
manufacturers.
Export (37%):
India, United Kingdom, Germany,
France and Spain. |
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2 Strong Industry
Fundamentals |
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Detailed analysis of
global supply and demand fundamentals
that indicate long-term strength in
prices. |
Growth in demand and
plateauing of supply from the US should
see continued robust prices, which have
settled below the record highs of 2005.
At 3% of global supply, Australia is a
small player however we have an
established competitive position and are
counter-seasonal suppliers. |
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3 Project Management |
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Operational management
by industry specialists with superior
track records of performance.
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Select Harvests Limited,
the project manager, is Australia’s
leading grower, processor and marketer
of nuts and associated products,
managing 55% of Australia’s almond
orchards. These orchards are producing
yields and quality in line with world’s
best practice. |
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4 Competitive Advantage |
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Large-scale projects in
quality produce with enhanced
technologies and sophisticated supply
chains to deliver lower costs and
marketing advantages. |
Select Harvests Limited
has outperformed other producers in
terms of yield and quality of product.
Australia is counter-seasonal to 95% of
the world’s almond producers. Select
Harvests Limited guarantee the sale of
the entire crop harvested each season
before 30 June the following year.
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5 Location |
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Quality and quantity of
suitable land with the right climate,
soil, water and transport
infrastructure. |
Robinvale (Vic)
The Project will be conducted on premium
horticultural land utilising the Murray
River resource. This region has a long
pollination period that results in
world-class yields and production
quality. VIC NSW |
Factors Affecting
Project Returns
The Project is a long-term commercial
horticultural project and, like any agricultural
venture, involves risks. You should carefully
consider the risks associated with the Project,
detailed in the PDS, and whether it is a
suitable venture for you, before making an
application to participate in the Project.
Neither Timbercorp Securities nor any other
person involved in the Project guarantees a
return or any particular return from investing
in the Project. A discussion of factors
affecting returns is set out in section 8 of the
PDS.
DISCLAIMER
This document is a summary only. Please ensure
you read the PDS in full before you decide
whether to invest in the 2007 Timbercorp Almond
Project. Product Ruling PR 2006/145 is only a
ruling on the application of taxation law to the
specific arrangements described in the Ruling as
at the date the Ruling was issued and is in no
way a guarantee or endorsement of the
reasonableness or viability of the Project.
This document contains general financial product
advice only and does not take into account your
investment objectives, financial situation or
particular needs. Before investing you should
assess the suitability of the investment to your
needs, consider the PDS and consult an
Australian Financial Services Licensee or other
suitably qualified adviser if necessary. No
person or corporation associated with Timbercorp
Securities Limited (AFSL 235653) or Timbercorp
Limited guarantees, warrants or underwrites the
performance of the 2007 Timbercorp Almond
Project or any particular return. |
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Simply download an Investment
Brochure/PDS above. It’s that easy! |
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