Currently, 80% of the world’s almonds are grown in California, where there are growing demands for water, with strong competition from the wine industry.
Australia offers ideal climatic conditions for almonds and a sophisticated and mature water trading market. In late December 2017, the Cibus funds completed the acquisition of 430 hectares of productive almond orchards near Lake Powell in Victoria, close to the border with New South Wales in Australia. This was an asset purchase of a fully mature orchard and forms a base from which to develop a full-scale almond business.
In August 2018, a further 560 hectares of land ideal for almonds has been acquired and further greenfield developments are being sought, with a target of 1500 hectares. All aspects of the Lake Powell orchard are being reviewed, with the aim to make it and future acquisitions at the leading edge of almond growing.
Net Hectares: 430 ha
Year Planted: 2007
Coordinates: 34’44’48S, 142’55’15E
Latitude & Longtitude: -34.763679, 142.9019864
Net Hectares: 560-600 ha
Year Planted: 2019
Coordinates: 35’04’44S, 143’21’56E
Latitude & Longtitude: -35.1025486, 143.3395664