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Monta Flora Pastoral Ltd – CEO Interview
- Published May 09, 2014 9:53AM UTC
- Publisher Wholesale Investor
- Categories Executive Interviews
Monta Flora Agriculture, whose principals are 5th generation farmers, are establishing Mimimoora Pastoral Trust primarily for purchasing Australian land to on-lease to Monta Flora Pastoral Limited for conducting a large scale, prime quality, organic and ethically sound lamb production business.
Mimimoora Pastoral Trust will purchase suitable land in the Australian rangelands, add or repair infrastructure required for a Dorper lamb production business and on-lease the improved land to Monta Flora Pastoral Limited. The land will be leased to Monta Flora Pastoral under long term leases at an initial rental of 5.5% pa (payable monthly) of the total acquisition cost plus the cost of the required infrastructure upgrades. Mimimoora Pastoral Trust distributes the net proceeds to investor unit holders after expenses.
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