RFM, as responsible entity for RFF, announced on 29 January 2016 that it had negotiated an option to acquire three macadamia orchards
The orchards are located near Bundaberg in Queensland and include 259 hectares of macadamia trees.
Swan Ridge and Moore Park (234 ha) are leased to a managed investment scheme (MIS). The Bonmac orchard (25 ha) is leased to RFM.
|Lessee||Water entitlements||Year planted|
|Swan Ridge & Moore Park||Bundaberg, Queensland||234 ha||2007 Macgrove Project||594 ML
|Bonmac||Bundaberg, Queensland||25 ha||RFM||59 ML
^ Pro forma includes a macadamia property (Cygnet) which was not settled at 30 June 2019.
* Lease expiries weighted by forecast FY20 rental income.