A couple of points that interest me as a practising farm management consultant relate to the loan documents between GTP & lenders as well as the growth forecasts in plantings.
I have not seen any of the former, but it would not be unusual to have a "get-out clause" to protect the lender in the situation posed. Whether this could be triggered by an event such as administration I do not know.
Many years ago I did some research into Agro-forestry and how it could be used as component of whole farm management. A major issue is determining growth rates,especially with variable rainfall. Given the difficult time some high rainfall areas (where most of the trees are) have had in recent years growth rates are justifiably well down on predicted.
All I can say, based on my day-to-day work; welcome to the vagrancies of agriculture.
GTP Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
