Agricultural investment developer Alterra and Harvey avocado and citrus grower Richard Eckersley have inked "Local Partner and Data Access" agreements that provide Alterra with access to the expert grower's cropping data for 15 years and Eckersley will also act as something of a forward scout in the South West for the ASX-listed Alterra who is on the hunt for investment grade crops.
According to businessnews.com.au, Eckersley's local expertise in managing the Harvey Water scheme will assist Alterra to assess this key horticultural region for its development potential. Central to the agreement will be a comprehensive understanding of the region's production capability to underpin future Alterra investments.
Alterra said that a core value in its business model is to partner with top tier agricultural producers that bring local generational experience and provide a focal point for Alterra's assessment of key horticultural regions.
Alterra is looking to identify long term agricultural growing opportunities where it can bring in some institutional money alongside its own to create something of an annuity from the off-take and product growth over the long term. The Perth based companies is looking to avocados initially but is open to many other agricultural opportunities such as citrus and others.
Eckersley owns and operates a 90-hectare tree crop orchard producing avocados and citrus in Harvey at the Yambellup Estate. His family name is embedded in the history of the region and synonymous with farming and irrigation in the southwest of Western Australia.