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The Australian citrus industry is counter-seasonal to the main global production of the northern hemisphere and it occupies a high quality niche in the fresh orange export market. In the context of a rapidly expanding Asian middle class and the associated growing demand for quality produce, the Australian citrus industry is very well placed.
Australia’s citrus growing industry is situated primarily along the Murray and Murrumbidgee Rivers with the majority of plantings in the Sunraysia (Victoria), Riverland (South Australia) and Riverina (NSW) irrigation areas. As part of the Prime Value Citrus strategy, our farms are geographically spread to provide complimentary yet diversified exposure. The Prime Value Citrus Trusts currently own five farms in the Sunraysia/Riverland region of the Murray Darling Basin. Our focus is on producing premium grade fruit for the export market.
We target returns of 12%+ p.a. through a combination of income from annual fruit harvests and capital growth from the development of a substantial, premium quality citrus farming enterprise. The Trusts will be open for investment for a limited time as we approach the final phase of our investment period.
Our objective is to provide investors with the opportunity to benefit from changing global dynamics and the growing demand for Australian agricultural produce.
James has worked with Prime Value since August 2016 co-developing our expansion into Agriculture, Infrastructure and Structured Products. James is a director of his own consulting company advising on forensic accounting, funds management, alternative investments and portfolio management for family offices. James has 30 years’ experience in resources and financial markets across corporate treasury, investment banking, and private wealth management. James is based in Bendigo and has previously held Treasury positions with Normandy Mining and WMC Ltd and also held senior investment banking roles with Standard Chartered Bank (Mocatta) and Morgan Stanley (Singapore) specialising in metals sales and trading.
Elizabeth has worked with Prime Value since August 2016 co-developing our expansion into Agriculture, Infrastructure and Structured Products. Her career has spanned 27 years in financial markets across commodities, banking, resource finance, corporate advisory, and private wealth portfolio management. She has worked both domestically and internationally and has held senior roles within the commodity divisions of the Commonwealth Bank, Mitsui, Bank of Nova Scotia and Dresdner. Elizabeth brings extensive commodity risk management, analysis, structuring, and advisory experience to the team as well as a strong focus on environmental and social responsibility.
To provide a strong diversification opportunity with superior total returns from a combination of annual harvest income and capital appreciation.
1 May 2017
12%+ p.a. through a combination of income from annual harvests and capital growth. Distributions are annual and will be lower in the first few years until the more recently planted trees reach maturity.
Prime Value Citrus holds 375 hectares of plantings, 60 hectares of which have been planted since we acquired the farms. A further 40 hectares will be planted in Spring 2020/ Autumn 2021. Our holdings provide varietal and geographic diversification and the trees comprise primarily premium variety Navel oranges and Afourer mandarins. We also hold water assets and more than 300 hectares of developable land.
Production totalled over 10,000T of fruit in 2019. Our recent expansion plantings are ahead of schedule and we expect to produce more than 15,000T in 2025.
If you would like to receive a copy of the Information Memorandum or discuss our agricultural investment opportunities please contact James Everist or Elizabeth Blackhurst on (03) 9098 8088.
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