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Managed rural investments stalling
12 Jul 2006
Agricultural investment house Adviser Edge yesterday revised down its preliminary estimates for sales of managed rural investments from $1.26 billion to $1.19 billion. Advisor said the revisions were proof of a difficult season for project managers. Growth over the year of 15 per cent has been driven by a few large players including Great Southern, Timbercorp, FEA and Gunns. Smaller managers Rewards Group, Northern Tropical Timbers and Almond Investors also performed well, said Advisor. Horticultural investment was up 45 per cent, Timber was down 8 per cent and hydroponic tomatoes, grain, livestock and pearling received good levels of interest.
Herald Sun, 12/07/06
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