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Rewards Group Berry Project 2008 |
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Cash Rebate |
8.25% |
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Closing Date |
CLOSED |
| Minimum
Investment |
$6,000 (ex
GST) |
| Term of Project |
18 years (if investors elect, Project may
be extended for further 2 years) |
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Research |
AAG |
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Adviser Edge |
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ATO Product Ruling |
2008/48 |
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The Project
aims to grow commercial
varieties of strawberries
and blueberries which
produce high quality fruit,
including the new Driscoll’s
strawberry varieties. |
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The
Australian strawberry and
blueberry industry has a
combined farm gate value of
about $230 million. |
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High quality
fruit, established domestic
and developing overseas
markets and the capacity to
supply fruit throughout the
year, creates a favourable
market opportunity. |
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The Project
will operate for
approximately 18 years, with
a strawberry crop every
year, including the first
year, and a blueberry crop
every year from the second
year. |
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Significant
tax deductions for
expenditure incurred by
Growers, will be supported
by an Australian Taxation
Office Product Ruling. |
The Opportunity
The Rewards
Group Berry Project 2008 Late Groves offers
Growers an opportunity to invest in the rapidly
expanding strawberry and blueberry industries.
Intensively managed irrigated berry plantations
will be established in both Queensland and
Victoria to supply the berry market with high
quality fruit all year round.
The Project
The Project
aims to grow commercial varieties of
strawberries and blueberries which produce high
quality fruit, including the new
Driscoll's strawberry varieties. The strawberry
plantations will be located at Caboolture,
Queensland and the Yarra Valley, Victoria. The
blueberry plantation will be located in the
Yarra Valley, Victoria.
Project Details
The
Supplementary PDS offers about 500 Groves of
0.05 hectare each at an issue price of $6,400
(inclusive of GST) per Late Grove.
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Late Growers Groves will
be supported by an
Australian Taxation Office
Product Ruling. |
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Ongoing annual management
fees are required. |
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Annual insurance fees (if
finance is taken) will
apply. |
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Finance options with up to
100% gearing available. |
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Highly rated Independent
Investment Research from
Australian Agribusiness
Research and Adviser Edge,
with assessed median
internal rates of return of
13.6% (post tax) and 17%
(pre tax) respectively. |
Growers will be entitled
to tax deductions for
expenditure in the
financial year in which
they are incurred.
The Industry
The current Australian
strawberry production
meets consumer demand
for only two months of
the year,
being September and
December, with orders at
other times of the year
being only partly
filled.
The Australian blueberry
industry is worth $A24
million per annum
with the majority of
production occurring in
New South Wales.
High quality fruit,
established domestic and
developing overseas
markets and the capacity
to supply fruit at times
when other supply
sources falter, creates
a favourable market
outlook.
Research has shown that
strawberries from
Driscoll varieties, to
which Rewards will have
exclusive access, are
juicier and sweeter, the
plants are higher
yielding and more
resistant to diseases
and pests than
traditional
varieties.
Driscoll Strawberry
Associates Inc, which
has been operating for
over 100 years, is the
largest berry company in
the world and has
developed a range of
high quality strawberry
varieties. Using only
traditional breeding
methods, their plant
breeders cross-pollinate
thousands of parent
plants in order to
create new plant
material that produce
more flavourful
berries. They
extensively test the
strawberries grown from
this plant material for
many characteristics,
including flavour, aroma
and resistance to
disease and pests (to
reduce the need for
pesticides). To find out
more about Driscoll's,
please visit their
website
www.driscolls.com.
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Simply download an Investment
Brochure/PDS above. It’s that easy!
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