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 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. Additionally our properties all have access to irrigation to secure our pasture production, and ensure our input costs can be contained.

The Trusts aim to deliver stable income from milk sales with the potential for capital growth through farmland appreciation. 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 strong 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

JOINT PORTFOLIO MANAGER
James Everist

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.

JOINT 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.

DAIRY INVESTMENTS MANAGER
Kirsti Keightley

Kirsti joined the Prime Value team in August 2019 to provide on the ground farm management oversight and work with us to implement our strategy and develop our portfolio of dairy farms. She is responsible for investment strategy, portfolio construction, analysis and research. Kirsti is highly regarded in the industry and has been managing and operating best practice dairy farms in New Zealand and South West Victoria for over 30 years. She was formerly a Director and Deputy chair of WestVic Dairy and the Chairperson of the Workforce and Planning Committee and is currently a delegate for Fonterra’s supplier forum. She has worked in animal genetics and as an employment consultant. Kirsti has a Diploma in Horticulture and Human Resources and will be a key member of the team as we develop our dairy portfolio.

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

12.0%+ p.a. including distributions of 5-7% payable quarterly

The Trusts commenced operating in December 2019 and we currently hold two farms in South West Victoria and one in North West Tasmania. Combined, these three farms will milk 1900 cows in FY2020 and produce more than 11 million litres of milk. We intend to build the portfolio to hold 5-8 dairy farms across SW Victoria and Tasmania over the course of 2020-21.

We will supply milk to the domestic market for the foreseeable future and we also intend to establish a dairy beef operation to rear the young bull calves from our breeding program.

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

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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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