Maccacorp taps into global nut demand
Agribusiness firm Maccacorp has launched a managed investment scheme that will enable investors to tap into a “burgeoning global demand” for macadamia nuts.
The 2007 Macgrove Project involves investors becoming growers by sub-leasing allotments in commercial macadamia nut orchards near Bundaberg, Queensland, for an expected 21-year term.
The Macgrove property comprises 300 plots, each occupying 0.4 hectares and containing 125 macadamia nut trees, plus infrastructure and its own water allocation.
Managing director Don Ross described the scheme as an “exciting, long-term tax-effective opportunity for investors that will not be affected by the proposed Federal Government changes to managed investment schemes”.
“We expect to start harvesting in the fourth year of establishment, which will provide investors with a regular income stream, as well as providing tax advantages.”
Ratings house Adviser Edge has predicted potential investor returns to be realised of 2.97 per cent to 12.05 per cent before tax and 2.51 per cent to 11.81 per cent post tax.
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