 |
|
 |
| |
FEATURED ...
|
|
| The Bermuda Olive Garden |
In August 2006, we bought an Olive Field in the mountains above Selçuk on behalf of our clients in Bermuda. Our brief was to find property or land from which our clients would receive a steady income and realize a return on their investment when it came back to the market.
The field we bought was 75000m² with 800 olive trees. It had been in the same family for over 50 years; ill health had forced the sale.
Our clients chose the traditional ortak system to farm their field. This required hiring and supervising a local farmer who manages, cultivates and harvests the olives in return for 50% of the yield of oil.
In January 2007, we harvested the first crop of olives during a period of 45 days. Our clients decided to store their share of the oil until the anticipated 70% price rise later in the year.
They are on target to receive 7/8% profit on their investment.
Since the harvest we have cleared the field of non-productive trees, re-grafted ?crazy? olive trees which had stopped producing because of neglect, terraced the land and laid a new irrigation system ready to plant 1000 additional trees. It is anticipated that within five years the yield will increase 50%, in ten years 100%.
It is expected that in ten years 70% to 80% of the original purchase price will be recovered and there will be a sizeable increase in the market value of the field.
With planning permission (not yet available) the value of this field would increase dramatically.
At the next harvest we are considering exporting our clients olive oil to China where demand is creating significantly higher prices than those in Turkey.
You can profit from Olive Oil.
|
|
| |
|
|
 |
Untitled Document
|
 |
 |
