RFF owns four almond orchard properties, three located near Hillston, New South Wales (NSW), and the fourth located near Darlington Point, NSW.
The 4,000 hectare orchard area includes mature trees, newly planted trees and areas under development:
|Property||Location||Almond orchard planted (ha)||Almond orchard under development (ha)||Lessee(s)||Water entitlements||Year(s) planted|
|2007 & 2008|
RFM Almond Funds
RFM (42 ha)
|2006 & 2007|
|Tocabil||Hillston, NSW||600||Olam Orchards Australia Ltd (600 ha)||12 ML / ha per annum once the development is completed||2015 & 2016|
|Kerarbury||Darlington Point, NSW||1,282||1,218||Olam Orchards Australia Ltd
|11.2 ML / ha per annum once the development is completed||2016 & 2017|
Hillston is located 110 kilometres north-west of Griffith, NSW, and Darlington Point is located 35 kilometres south of Griffith, NSW.
See below for further details on the specific properties:
Yilgah is located 20 km north of Hillston and is 6,400 ha in size. Yilgah consists of 1,006 ha of almond orchards planted in 2007 and 2008. The almond plantings, associated infrastructure and water entitlements of Yilgah are leased entirely to Select Harvests Ltd under a 20 year lease arrangement. The lease commenced in May 2010 and expires in May 2030.
The property is supported by 15,090 ML of groundwater entitlements and irrigation infrastructure that enables the delivery of water. A further 959 ha of land at Yilgah has been developed for flood irrigation. The irrigation development includes a central holding dam and an integrated channel system to supply and recycle water.
The remaining land at Yilgah comprises lightly timbered creek frontage and open plains suited to grazing. Parts of Yilgah are often licensed on a short term basis for cropping purposes depending upon seasonal conditions.
Mooral is located 25 km south west of Hillston and is 3,841 ha in size. Mooral consists of 808 ha of almond orchards planted in 2006 and 2007. Of this, 551 ha are leased to three RFM Almond Funds, 215 ha are leased to Select Harvests Ltd and 42 ha are licensed to RFM.
The remaining 3,033 ha of land at Mooral comprises lightly timbered river frontage, grazing country and 440 ha of irrigated land. The irrigated land is licensed to counterparts depending on seasonal conditions.
The property is supported by 12,120 ML of groundwater entitlements, with a supplementary groundwater entitlement of 3,223 ML.
Tocabil is located 30km north east of Hillston and is 6,900 ha in size. Tocabil consists of 600 ha of almond orchards to be planted in 2015 and 2016. The development and subsequent lease is undertaken by Olam Australia Pty Ltd.
The remaining land at Tocabil comprises of lightly timbered river frontage, grazing country and dryland cropping country. Tocabil will be supported by 12 ML / ha per annum once the development is completed.
Kerarbury refers to two properties, “Kerarbury” and “Kamelda”, located in Darlington Point, New South Wales, 35km south of Griffith and 140km south of RFF’s existing almond orchards.
The property area totals 7,756 ha and was purchased by RFF in October 2015.
Independent soil surveys indicate the property is suitable for 2,500 ha of almond orchards and surplus land is suitable for irrigated cropping and grazing.
The property has three types of water access; Groundwater (Lower Murrumbidgee Groundwater aquifer), Murrumbidgee River and the Kerarbury Channel Scheme. Kerarbury will be supported by 11.2 ML / ha per annum once the development is completed.
^Lease expiries weighted by forecast FY18 rental income