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Timbercorp Almond 2007 Project

Timbercorp Almond Project 2007
Cash Rebate 8.25%
Closing Date CLOSED
Minimum Investment $8,182 (ex GST)
Term of Project 23 years, plus 2 year extension if IRR over the Project fails to exceed 9.5%)
Research AAG (529kb) 4 stars
  Adviser Edge (1.04mb) 4 stars
  Lonsec (838kb) Recommended
ATO Product Ruling 2007/105

2nd June 2008

Timbercorp anticipate their Almond Project may be selling out in a couple of days.

If you have any pending Almond applications, please scan and e-mail them to ASAP and post the originals.
You can also fax attention to Caroline – 03 9670 4504.

They need the application and a 10% deposit (if using Timbercorp Finance) to be able to secure the lots. They encourage you pay your deposit via credit card, but you can also pay with a cheque or EFT into their account.  Details are below – please note if paying by EFT or cheque please provide EFT receipt or copy of cheque with the application.

EFT Details (please use investment name as the reference so payments can be matched with applications)

Account Name:
013 006
Account No:
8373 47655

Product Disclosure Statement PDS (2.64mb)
MultiChoice Application (217kb)
Loan Explanation Terms (140kb)
Finance Terms (35kb)
Loan Application Form (285kb)

Since 1992, Timbercorp has raised more than $1 billion in funds invested into agribusiness projects by more than 15,000 investors from around Australia.

Timbercorp currently manages:
more than 91,700 hectares of eucalypt plantations;
one of the world’s largest olive groves on a single site;
the largest single managed almond orchard estate in Australia;
1,250 hectares of citrus orchards;
412 hectares of table grape vineyards;
650 hectares of mangoes; and
950 hectares of avocados.

Timbercorp is an ASX/S&P 200 listed company with net assets in excess of $465 million at 31 March 2007. The Timbercorp group of companies has been established for 14 years and have built a strong financially sound business to ensure that they manage your investments throughout the project term. They are a market leader in agribusiness investment with a proven track record.

About the project 

A commercial investment in Australian almonds with established end markets
100% tax deductible supported by ATO Product Ruling PR2007/105
Build wealth through attractive after tax returns over the 23 year term
2 year project extension if after tax IRR does not exceed 9.5% p.a. by the end of the term
Flexible finance terms
Ability to participate as a joint venture grower with another entity, such as your self managed super fund
Premium land, professionally managed by Select Harvests Limited – Australia’s largest integrated producer, processor and marketer of almonds
Guarantee from Select Harvests to sell all almonds

A well managed agribusiness venture is a specialised activity outside of the traditional investment classes. Well managed, and undertaken on a large scale, it can provide attractive returns and form a valuable part of a diversified portfolio.

Timbercorp is Australia’s leading agribusiness investment manager. They source, fund and manage high quality, large scale agribusiness projects for investors looking for attractive tax advantaged returns.

The 2007 Timbercorp Almond Project is an opportunity to participate in horticulture and establish a future long-term income stream with immediate tax benefits supplying almonds for domestic and export sale to established markets.

How does the project work?

You will become an almond grower in a commercial almond orchard that is expected to enter commercial production from early 2010 by:
sub-leasing two or more identifiable allotments of land of approximately hectare each, called Almondlots;
engaging Timbercorp to harvest and procure the processing of the almonds grown on your Almondlots; and
appointing Timbercorp to market the almonds grown on your Almondlots.

What fees are payable per Almondlot?
Application Moneys $9,000
31 Oct 2008 $2,000 (rent and management fee)
Ongoing annual fees Rent:
$770 from Oct 2009 – Oct 2011
and then $1,610 for each subsequent year indexed to inflation

Farm Operating Costs:
Commencing Oct 2009 and each subsequent year
Management fees deducted from crop proceeds Deferred management fees of 7.15% of Gross Proceeds from the 2010 financial year

* Costs include GST

Timbercorp's Project Investment Criteria

In choosing crops for projects, Timbercorp draws on almost two decades of experience in establishing some of Australia’s largest and most successful agribusiness projects. That experience has defined key selection attributes, essential when striving to deliver sound commercial returns. These attributes are all clearly present in the 2007 Timbercorp Almond Project.
1 Secure End Markets
Established sales channels in growing domestic or export markets. Domestic (63%):
retailers, distributors and food manufacturers.

Export (37%):
India, United Kingdom, Germany, France and Spain.
2 Strong Industry Fundamentals
Detailed analysis of global supply and demand fundamentals that indicate long-term strength in prices. Growth in demand and plateauing of supply from the US should see continued robust prices, which have settled below the record highs of 2005. At 3% of global supply, Australia is a small player however we have an established competitive position and are counter-seasonal suppliers.
3 Project Management
Operational management by industry specialists with superior track records of performance. Select Harvests Limited, the project manager, is Australia’s leading grower, processor and marketer of nuts and associated products, managing 55% of Australia’s almond orchards. These orchards are producing yields and quality in line with world’s best practice.
4 Competitive Advantage
Large-scale projects in quality produce with enhanced technologies and sophisticated supply chains to deliver lower costs and marketing advantages. Select Harvests Limited has outperformed other producers in terms of yield and quality of product. Australia is counter-seasonal to 95% of the world’s almond producers. Select Harvests Limited guarantee the sale of the entire crop harvested each season before 30 June the following year.
5 Location
Quality and quantity of suitable land with the right climate, soil, water and transport infrastructure. Robinvale (Vic)

The Project will be conducted on premium horticultural land utilising the Murray River resource. This region has a long pollination period that results in world-class yields and production quality. VIC NSW

Factors Affecting Project Returns

The Project is a long-term commercial horticultural project and, like any agricultural venture, involves risks. You should carefully consider the risks associated with the Project, detailed in the PDS, and whether it is a suitable venture for you, before making an application to participate in the Project. Neither Timbercorp Securities nor any other person involved in the Project guarantees a return or any particular return from investing in the Project. A discussion of factors affecting returns is set out in section 8 of the PDS.

This document is a summary only. Please ensure you read the PDS in full before you decide whether to invest in the 2007 Timbercorp Almond Project. Product Ruling PR 2006/145 is only a ruling on the application of taxation law to the specific arrangements described in the Ruling as at the date the Ruling was issued and is in no way a guarantee or endorsement of the reasonableness or viability of the Project.
This document contains general financial product advice only and does not take into account your investment objectives, financial situation or particular needs. Before investing you should assess the suitability of the investment to your needs, consider the PDS and consult an Australian Financial Services Licensee or other suitably qualified adviser if necessary. No person or corporation associated with Timbercorp Securities Limited (AFSL 235653) or Timbercorp Limited guarantees, warrants or underwrites the performance of the 2007 Timbercorp Almond Project or any particular return.

Simply download an Investment Brochure/PDS above. It’s that easy!

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