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Agribusiness investment schemes suffer as market goes down
24 Jun 2008
Drought, tax uncertainty and the downturn in share markets have led to a 30 per cent reduction in the investment money flowing to managed agribusiness and forestry schemes. Managed schemes are expected to attract $900 billion in new funds this year, down from $1.25 billion last year. Forty per cent of investors in managed schemes are looking to defer tax on capital gains. While many schemes are over subscribed, many are smaller than usual because of drought. Uncertainty over tax treatment of the schemes is also affecting investment levels.
The Australian Financial Review, 24/6/2008
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