OUR INVESTMENT PHILOSOPHY

Prime Value Dairy Trusts

The Australian dairy industry has been through many challenging years with low milk prices, high input costs and ongoing drought conditions. However, a declining national herd and falling milk supply, the end of the supermarket discount milk strategy and the introduction of the Dairy Code of Conduct have combined to create a highly positive milk price environment for the industry. These factors, together with strategically located dairy farms, make for a compelling investment opportunity.

The Prime Value Dairy Trusts provide investors with a diversified exposure to premium dairy farms in the high rainfall areas of SW Victoria and Tasmania. The Trusts aim to deliver stable income from milk sales with the potential for capital growth through farmland appreciation and through our development work on the farms. In the global landscape of water and arable land scarcity, we believe capital appreciation potential is strong for these productive, high rainfall regions.

OUR OBJECTIVE

To provide investors with the opportunity to invest in Australian agricultural production, farmland and water resources with distribution and capital growth potential.

WHY AUSTRALIAN DAIRY?

  • Global dynamics of food and water scarcity
  • Population growth
  • Growing demand for dairy, particularly from developing nations
  • Rising demand for pasture fed and non GMO dairy products
  • Falling domestic milk supply
  • Stronger milk prices
  • Rising farmland values in SW Victoria and Tasmania

PORTFOLIO MANAGER
Elizabeth Blackhurst

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.

SENIOR INVESTMENT ANALYST, ALTERNATIVE ASSETS
Harrison Stewart

Harrison Stewart is the Senior Investment Analyst for Alternative Assets at Prime Value Asset Management, bringing a unique blend of agricultural expertise and financial acumen to his role. With a family background deeply rooted in farming, Harrison has a natural understanding of the agricultural sector, which he complements with his academic experience, having studied science at the University of Melbourne. Harrison spent six years at NAB, where he worked in both the Corporate Agribusiness and Institutional Retailers teams. During his tenure, he gained significant experience managing large-scale agribusiness portfolios and providing strategic financial advice, all while building strong relationships with clients in the agribusiness and retail sectors. At Prime Value, Harrison's role centers on analyzing alternative asset opportunities, particularly in sectors like agriculture, where his experience proves invaluable. His ability to bridge the gap between hands-on agricultural knowledge and institutional finance enables him to contribute effectively to Prime Value’s investment strategies, positioning the firm for continued growth in alternative assets.

FUND DETAILS
DAIRY TRUSTS

Feature
Fund Facts
Investment Objective

To provide superior total returns uncorrelated to traditional markets via a combination of income from milk sales and land value appreciation.

Inception Date

1 December 2019

Target Returns

8.0%+ p.a.

The Trusts commenced operating in December 2019 and over the course of the last two and a half years we have built the Dairy Trusts land holding to more than 6,800ha across SW Victoria and NW Tasmania. In FY25/26 we will milk 10,000 cows and expect to supply the domestic market with more than 50 million litres of milk over the course of the year. While the Trust has delivered consistent distributions since inception, our ongoing focus remains on positioning the portfolio to deliver sustainable, risk-adjusted total return in the future.

The Trusts are open for investment as we shift our strategy following the completion of our development work to the optimisation of these farms, focusing on maximising production and performance.

If you would like to receive a copy of the Information Memorandum or discuss our agricultural investment opportunities please contact Elizabeth Blackhurst or Harrison Stewart on (03) 9098 8088.

WE BELIEVE

Building wealth together is the heart and soul of Prime Value

TRUE STEWARDSHIP

Putting our clients first.

ALIGNMENT OF INTEREST

Prime Value has been co-investing with its investors since 1998. Building wealth together.

INDEPENDENCE & TRANSPARENCY

We are not aligned with the major financial institutions, allowing us to act in our investors' best interests with an eye on the long term.

RISK MANAGEMENT

Protecting clients' capital in difficult markets by minimising mistakes.

CULTURE

An inclusive and collaborative culture built around humility and passion for investment. This is reflected in the longevity and stability of the management and investment team.

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