Since purchasing its first two SunGold™ kiwifruit orchards last year, MyFarm’s Gold Income Limited Partnership has delivered strong monthly cash distributions to investors.
The Gold Income LP offer has been reopened to investors as we look to add a third SunGold™ orchard to the portfolio.
Located in Kerikeri, Maraenui Orchard is a 6.57 cha production powerhouse that has generated orchard gate revenue exceeding $200,000 per canopy hectare for each of the past two years. In this period the orchard received a yield 46% higher than the Northland Average.
The addition of this third orchard means monthly cash distributions from Gold Income LP are forecast to deliver 7% p.a. Because Zespri SunGold licence is a depreciable asset the forecast 7% p.a. is the same as an 8.5% pre-tax return from other fully taxable investments (assuming your tax rate is 33%).
Existing investors in Gold Income LP have already committed to purchasing an extra $2.5 million of the $7.5 million new Units required for the purchase of Maraenui.
Rangitaiki is a 15-cha property located near Edgecumbe in Eastern Bay of Plenty. It’s a young orchard that has been developed to an impressively high standard and includes a brand new 17-bed worker accommodation facility. At maturity, the orchard is forecast to produce 17,500 trays per canopy hectare. The property will be leased by Eastpack - New Zealand’s largest kiwifruit post-harvest operator.
An established 6.15 canopy hectare SunGold orchard (with significant production upside) located in a proven and expanding SunGold area, 15km north-west of Kerikeri.
Since 2017, our investors have purchased 12 SunGold orchards for a total of $100 million. These have delivered an average cash return of 10% p.a. View MyFarm’s track record here: MyFarm Kiwifruit Track Record Document
* This offer is open to persons who fall within the exclusions applicable to offers made to "wholesale investors" as set out in Schedule 1, clauses 3(2)(a)-(c) and 3(3)(a)-(b)(ii) inclusive of the Financial Markets Conduct Act 2013 (FMCA). You can obtain further information on FMCA requirements, and whether you come within the exclusions and their requirements at www.myfarm.co.nz/can-i-invest
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