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Gunns Plantations Walnut Project No. 3

Gunns Plantations Walnut Project No. 3
Cash Rebate 8.25%
Closing Date CLOSED
Minimum Investment $5,840
Term of Project Approx. 25 years
Research Adviser Edge 4 stars
Lonsec Recommended
ATO Product Ruling 2009/33
Gunns Response to Timbercorp & Great Southern Voluntary Liquidations
   

Introducing Gunns Plantations Limited Walnut Project No.3

Investors in the Project will have the opportunity to become a grower of 0.2 hectare ‘Walnut Lots’ in the productive New South Wales Riverina. Each Walnut Lot will comprise a 0.19 hectare existing orchard (planted in 2006 and 2007) and 0.01 hectare new orchard (to be planted in late 2009). The Walnut Lots will be spread across two properties and the walnuts harvested from each Walnut Lot will be pooled for the benefit of all growers.

About the Project
 
Term 25 years
Species / Varieties Juglans regia (English Walnut) - Ashley, Chandler, Howard, Lara, Serr, Tulare, Vina and other varieties
Nature of Investment The growing and sale of premium quality in-shell Walnuts
Location The Riverina; Goolgowi and Leeton (near Griffith, NSW)
First Harvest (approx) First harvest due in 2009/2010 for 2006 plantings
First harvest due in 2010/2011 for 2007 plantings
First harvest due in 2012/2013 for 2009 plantings
Peak Yield (approx) Year 8 (2016/2017)
Guaranteed Stocking Level As close as possible to 100% of the average initial planting density as practicable for the first 3 years of the term.
Insurance Available upon request at Grower's expense (+10% service charge). This will be crop insurance only. Gunns Limited is responsible for insuring the orchard infrastructure.
Joint Venture option Growers have the option of investing under a joint venture arrangement, whereby the first joint venturer will pay the application fee to acquire an interest in the Project and the second joint venturer will be responsible for the payment of the ongoing Project fees for years 1 to 4 of the Project. All proceeds from the sale of the walnuts and ongoing Project fees from year 5 of the Project onwards will be divided equally between the first and second joint venturer

Fee Facility

Growers may elect to enter into a “Fee Facility” with Gunns Finance Pty Ltd to finance the full amount of the ongoing Project fees in years 1 to 4 of the Project. In the event there are any harvest proceeds payable in years 1 to 4 of the Project and a Grower has elected to enter into the Fee Facility, then these harvest proceeds will revert to the Grower. Under the Fee Facility, Growers will draw down the amount of the ongoing Project fees in each year of the Project and be required to pay equal monthly principal and interest repayments of the balance each year such that the outstanding balance is repaid in Project year 1 1.

Finance Available

Gunns Finance Pty Ltd will offer the finance arrangements described below:
  • 12 month Interest Free loans

  • Principal and Interest loans for 3, 5,10 and 15 years
Who this investment might suit

This investment may suit investors who prefer:
  • diversity from traditional asset classes and other agricultural investments;

  • investing in established (and growing) markets and established managers;

  • ongoing income;

  • flexible payment options; and

  • tax effective investments (subject to receipt of the product ruling for the Project).
*DISCLAIMER: Gunns Plantations Limited ACN 091 232 209 (GPL) has issued a product disclosure statement (PDS) offering investors an opportunity to subscribe for interests in the Gunns Plantations Ltd Walnut Project No 3 (the Project). A copy of the PDS may be obtained above. The information contained in this document is general in nature and does not take into account the individual investment objectives, financial situation or particular needs of any potential investor. All prospective investors should read the PDS and any supplementary PDS in full prior to making a decision regarding an investment in the Project. Allocations of Walnut Lots will only be made to successful applicants that have properly completed an Application and Power of Attorney Form attached to a current PDS. We recommend you obtain personal financial and legal advice before making a decision to invest. The Australian Taxation Office (ATO) has provided a product ruling for the Project (Product Ruling) which will apply to investors accepted into the Project on or before 15 June 2009 and which confirms the tax deductibility for the initial application fee and other costs which may be incurred by investors as referred to in the Product Ruling. The Product Ruling is only binding on the ATO insofar as the Project is carried out in the specific manner identified in the Product Ruling. The Product Ruling is only a ruling on the application of taxation law and are in no way expressly or impliedly a guarantee or endorsement of the commercial viability of the Project, the soundness or otherwise of the Project as an investment or the reasonableness or commerciality of any fees charged in connection with the Project.
Simply download an Investment Brochure/PDS above. It’s that easy!
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