Cash flows into low tax agribusiness schemes
Investors poured more than $1 billion in tax-advantaged forestry and agriculture schemes by the end of the financial year. Research house, Adviser Edge said almond investments were popular over recent weeks, with more than $80 million poured into almond projects this year. The bulk of the cash raised by agricultural investment schemes went to just five companies: Great Southern Plantations, Timbercorp, Integrated Tree Cropping, Macquarie Bank's Alternative Investment Management and Forest Enterprises Australia, which accounted for $754 million in sales or 73 per cent of the total market. Horticulture projects increased their share of the market to 25 per cent, with funds of $260 million.