Fund Overview
	Fund Assets
	Performance & Financial Information
	Unit Prices

 

Fund Overview

The Agricultural Income Trust Fund (AIT) is a Registered Managed Investment Scheme, established in July 2000. The AIT owns four vineyards in the Barossa Valley and Adelaide Hills. The vineyards are at varying stages of maturity and produce fruit for ultra premium quality wines. All plantings are contracted to Australian wine companies.

The AIT is closed to new investment.

Back to top

Fund Assets

The AIT has four properties located in Barossa Valley and Adelaide Hills.

The Geier vineyard is situated approximately 2km north of the Barossa Valley township of Greenock with part of the property having short frontages to the main Greenock to Kapunda Road. This property is 307.7 hectares in size with 243.04 hectares being planted area. There are 6 different types of grapes grown on this property and 50.8% makes up of Shiraz, 23.5% Cabernet Sauvignon and the remainder 25.7% consists of Merlot, Mouverdre, Riesling and Viognier. The planted areas are contracted with Fosters, Grant Burge, Orlando and Warburn. The Warburn contract expired recently, with Orlando due to expire after the 2010 vintage. Currently negotiations are underway with Fosters showing interest in the Orlando blocks and Grant Burge expressing interest in almost all blocks currently dedicated to Warburn.

The Hahn Vineyard is located approximately 3km south of the Barossa Valley township of Stockwell and approximately 5.5km east of the township of Nuriootpa. This property is 55.87 hectares in size with 50.21 hectares being planted area. The 6 types of grapes on Geier are also grown at Hahn with the majority being Shiraz. The whole vineyard has had a long term agreement with Yalumba Wines with a contract due to expire in 2013.

The last two properties are Mundy and Murphy vineyards. Both properties are situated around Martin Hill Road approximately 2-4km north, north east of the Adelaide Hills township of Forreston and 6-7.5km north of the township of Gumeracha.

The total size of Mundy (32.80 hectares) and Murphy (34.45 hectares) is 67.25 hectares. Of the 67.25 hectares, 55.88 hectares are planted areas. The 6 different types of grapes grown on these properties are Chardonnay, Pinot Gris, Pinot Noir, Sauvignon Blanc, Riesling and Viognier with Sauvignon Blanc being the majority. Mundy is currently renewing contract with Grant Burge Wines whilst Fosters have taken a portion of the Sauvignon Blanc with encouraging signs of renewal after expiration. Murphy has current contract with Casella and Fosters until post 2010 Vintage. Casella is unlikely to renew contract due to heavy amount of unwanted Chardonnay. Grant Burge Wines has expressed very strong interest to take over after grafting process. Current contracts are Casella 18.91 hectares, Grant Burge 21.74 hectares and Southcorp 15.23 hectares.

These two properties receive 1,000mm of rainfall per annum and are also serviced by two bores which are not required to be licensed in the Adelaide Hills region and therefore under no restriction on water use.

Table 1: AIT Assets

Back to top

Performance & Financial Information

Table 2: AIT Financial Year Returns

Returns inclusive of Franking Credits.
Past performance is not a reliable indicator of future performance.

 

Table 3: AIT Rolling Annual Returns

Unit Prices

Click here for historical unit price information

Table 4: AIT Unit Price History

Back to top

• Offer Documents
• Newsletters
• Management Fee Changes

  26 February 2010

• Investor Update Letter

  13 January 2010

• Annual Report

  2009

• Fund Update

  GSL Insolvency & AIT

  May 2009

• Financial Report

Half-year ended 31 December 2008