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Our Western Australian Portfolio.
Legacy Fund.
Southern Agri Fund was a portfolio of 13 wheat farms in Western Australia with a combined area of 100,000 acres. All farms operated on a farmer lease or sharecropping agreements. The aim of the fund was to create capital gains.
In 2022, the farms were put to the market as it was apparent the farm values were peaking.
By November 2023, 12 farms were sold and settled.
Original purchase price $15.3m
Estimated sale price $33.0m

Avalon Funds Management Ltd was appointed as Licensee of the fund in 2020.
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