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General & Economics Olive farming and economical impact on the farmers and producing countries.

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Old February 11th, 2000, 01:11 AM
P Caird
 
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New Plantation

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<pre>For those that may have missed the item Timbercorp, Australia's largest
grower of bluegums, is entering the olive business. 300ha going in this
Autumn (Mar-May) with a further 400ha next Spring (Sep-Nov). The land is
just NW of Bendigo. Another site (350ha) near Swan Hill (about 2 hours from
Bendigo) will be developed the following year. That's over a quarter of a
million trees depending on density of planting.

The main olive variety will be Barnea.

According to the developers an agreement has already been reached with an
un-named Italian olive producer to take the entire oil production. It was
not stated where the Italian company intended to market the oil.

1st stage to be funded by private investors and latter stages by way of
prospectus.
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