Macadamia investment starts to pay off for Rural Funds
Diversified farmland trust Rural Funds Group forecasts its operating earnings to rise for the first time in three years as it starts to reap the benefits from higher rental income generated from its investment in the world’s largest macadamia orchards development.
Adjusted funds from operations, which reflects the underlying earnings generated from the leasing of out of its $1.8 billion portfolio of cattle stations, vineyards and orchards to the likes of JBS, Olam and Select Harvest, have fallen since the 2021 financial year as the group has sold assets and reinvested the proceeds into planting 5000 hectare of macadamia orchards in central Queensland.
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