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Timber schemes make more money from horticulture
17 Oct 2005
Timber plantation companies are moving into fruits, nuts and even cows as land prices for timber rise and investor priorities shift. The managed investment scheme sector has been driven largely by generous tax deductions mandated by the federal government. Timbercorp was among the first to move away from timber in 2000 by offering an olive project. Since then, the company has branched into other products, including grapes, mangoes and almonds. Revenue from horticulture now outstrips timber at about 75 per cent of the company's earnings. Rivals Gunns and Great Southern Plantations have begun diversifying into horticulture projects only in the past three years.
Financial Review, 15/10/05
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