Ann: First Buy-back Offers Made to Acquire MIS Assets-TFC.AX, page-14

Apologies for sounding like a broken record, but:
I believe TFC’s is expecting to increase the price used to value the plantations in the 2016 financial statements. Currently, the value is based on $US2,800 per kg whereas the market price is $US4,500. Previously this was on smallish volumes. However, in the Dec half report TFC announced it had presold all of its 2016 and 2017 harvest at $US4,500 per kg (and significantly to a new Chinese buyer). Newspaper reports state TFC has presold 5 years harvest at the $US4,500 price, although this has not been confirmed by TFC.
Why would a MIS grower sell? Probably because they are not aware of the potential increase in valuation. (I wonder if TFC provides an independent expert valuation in the offer to purchase documents?)
Also, some growers may wish to spread their income over 2 financial years to take advantage of lower marginal tax rates.