The Rural Funds Group (RFF) acquired the land where the Project is conducted after a meeting of Growers in the Project voted to appoint Rural Funds Management (RFM) to become the Responsible Entity in early 2016.
RFM is the responsible entirty for the Project.
Located a short drive outside of Bundaberg in Queensland, the two orchards Swan Ridge and Moore Park are entering maturity and are expected to be cash flow positive in the current calendar year.
RFM is a Grower in the Project with 79 of the total 579 groves, which aligns the interests of the responsible entity, landlord and Growers participating in the project. RFM’s almond farming expertise will be leveraged to maximise farming outcomes on the properties.
The two orchards (234 ha) are leased to a tax effective managed investment scheme (MIS), managed by RFM. This structure is similar to the RFM Almond Funds,…
The two orchards (234 ha) are leased to a tax effective managed investment scheme (MIS), managed by RFM. This structure is similar to the RFM Almond Funds, which are also lessees of Rural Funds Group (RFF).
Growers are entitled to the macadamia nuts harvested on each ‘grove’ which represents approximately 0.4 ha in size. Harvesting occurs over several months from March to September as the nuts fall from the trees. They are dehusked on-farm and then transported to a processing facility located just a few kilometres from Swan Ridge and 12 kilometres from Moore Park.
ATO Product Rulings
The 2007 Macgrove Project was issued with three ATO Product Rulings PR 2006/163, PR 2007/74 and PR 2009/11 (Rulings) over the period 2007 – 2009. RFM wishes to alert you to the fact that the application period in respect of these Rulings has now ended.
1st November 2016
Rural Funds Management (RFM), as responsible entity of the 2007 Macgrove Project, last week provided Growers and financial advisers an update on the 2016 macadamia harvest and distributions.
4th October 2016
The FY16 financial statements for all Funds managed by RFM are now available.