The aim of AF08 is to provide investors (Growers) with the opportunity to operate an almond growing business. The business attracts tax deductions supported by ATO Product Ruling PR 2010/28.
AF08 Growers participate in the business of growing and selling almonds for the world market. Each Grower is licensed to occupy and farm one or more Almondlots each consisting of an area of 0.2158 hectares (ha). Each Almondlot is planted with approximately 60 almond trees and has sufficient water entitlements delivered via a highly efficient irrigation system to cultivate and farm the trees.
Grower returns are dependent upon the performance of their almond growing business. Returns are generated from the almond sale proceeds, less the annual operating and management costs including the lease of land and operational infrastructure. AF08 terminates on 30 June 2028 with no further obligations to the Growers.
The operational management of AF08 is led by the RFM team. This team has significant expertise in almond orchard design, development and operational management, and is currently responsible for maintaining 600ha of almond orchard at Hillston in New South Wales.
As Responsible Entity, RFM is responsible for orchard operations, maintenance, harvesting, pre-processing and delivery. RFM also manages all accounting and administrative functions of AF08.
AF08 is closed to new investment.