AAM Investment Group – March 2020 Quarterly Update
Anthony Cox
Legune Station Manager
AAM Diversified Agriculture Fund (ADAF)
Quarterly highlights
– Poultry and Sunshine Farms acquisitions complete
– Delay in poultry acquisition and short term cash allocation results in reduction of the first distribution
– Cash allocation from oversubscription being utilised for foundation asset in the red meat sector
ADAF – Sunshine Farms Operations
Quarterly highlights
– A return to normal seasonal conditions
– 7,000ha winter crop programme
– Purchased ~14,500 sheep
– Planning underway for Irrigation Development
Southern Cross Poultry Fund (SCPF)
Quarterly highlights
– Recent poultry acquisition makes SCPF second-largest grower in Australia
– On-site renewable energy investments to reduce costs and emissions
– Biosecurity enhancements to protect food supply
Pastoral Development Fund
Quarterly highlights
– Keep River Road Bridge fundamentally complete – all weather access from late 2020
– 305ha pilot fodder crop programme harvesting in early May
– During FY21, 150ha Stage One irrigated farming complete and 290ha Stage Two commenced
– Seafarms Group raises additional capital in part to undertake capital works on Legune
Sustainable Softwood Trust
Quarterly highlights
– COVID-19 impacting SST through reduced housing product sales
– SST landscaping products insulating impact in the short to medium term
– New Softwood Manager appointed