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"Farm schemes hit by funding slump"

  1. zwu

    2,387 Posts.
    *** Farm schemes hit by funding slump ***

    Date 24/7/2002
    Author Geoff Easdown
    Source The Courier-Mail -- Page: 30.

    Australian farming investment and tax minimisation schemes have had difficulty finding investors in the year to 30 June 2002. Agribusiness Research managing director, Shane Kelly, says investments in such schemes fell 50 per cent from $A550m the previous year to just $A300m. Just 45 new projects were taken to market over the year, compared with 80 the previous year. Some of the more successful recent schemes have included Tasmanian forester, Gunns Plantations, which raised $A60m in an oversubscribed offer. Great Southern Plantations and Timbercorp have also has success with capital raisings of $A56m and $A51m respectively.

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