AACL Holdings Limited (AACLH) listed on the Australian Securities Exchange on 7 April 2010 (ASX code: AAY) and is the parent company of AACL Pty Ltd (AACL) and AACL Funds Management Ltd.
AACLH is a unique agricultural investment business that operates one of the largest grain production enterprises in Australia, principally via our flagship product Grain Co-Production (GCP).
GCP involves partnering professional farmers with investors to grow large scale broadacre crops, such as wheat barley and canola, across a diversified land portfolio. Investors are pooled via the GCP Projects which are managed and operated by AACL as the Project Manager.
This partnership model has enabled the Company to become a substantial player in the Australian grain industry, with the objective to partner with farmers to produce around one million tonnes of grain per annum within 5 years.
In 2010, $48.5 million was invested by AACL on behalf of investors with some 192 farmers across Australia contracted to produce approximately 403,500 tonnes of Grain. AACL manages one of the largest cropping enterprises in Australia with approximately 250,000 hectares being planted in 2010 across the Australian Grain-belt.
In October 2010, AACL executed a major 3 year funding and marketing agreement with Glencore Grain Pty Ltd (Glencore). Under this arrangement Glencore will provide AACL with a minimum of $50 million each season for 3 seasons' investment in GCP Projects.
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