Victorian Olive Oil Project I
This Project, which was launched in 2001, provided investors access to resources and infrastructure that allow the ability to conduct the business of growing olives and producing olive oil for sale in the domestic and, potentially, in the international markets.
The project comprises:
- the offer to lease to 30 June 2025 (with an option of a further 25 years) land, water and selected varieties of olive trees in a region which has climatic conditions similar to olive producing regions in the Mediterranean;
- the option to install irrigation systems;
- the opportunity to acquire orchard management services which will include the provision of weed and pest control, pruning and harvesting in accordance with the Orchard Management Plan; and
- the ability to have your produce crushed into oil and marketed in both the domestic and export markets.
This project has 285 under cultivation and comprises the following tree types:
- Nevadillo Blanco
VOOP I varieties were selected as a balance between two competing goals:
- To produce oil with traditional flavours, already known and accepted in the market.
- To cultivate trees with potentially greater productive capacity than the traditional varieties.
Water is delivered to the Orchard via the Waranga Western channel which is managed by Goulburn Murray Water.