Head quartered in Sydney, Australia, Tim Hornibrook worked at the Macquarie Group until 2014 and possesses more than a decade of experience in financial and agriculture services. For much of his time at the company, Tim Hornibrook served as the head of Macquarie Agricultural Funds Management, which invests in agricultural funds such as Macquarie Crop Partners.
Macquarie Crop Partners owns, leases and operates cropping properties in Brazil and Australia.Brazil and Australia were selected for investment as as both countries have established agricultural sectors and are major players in global commodity markets. In addition, both countries are major suppliers of commodities to the growing emerging
markets. Australia provides significant quantities of wheat to Middle Eastern and
Asian markets, particularly Indonesia, while Brazil is a major supplier of soy to China.
markets. Australia provides significant quantities of wheat to Middle Eastern and
Asian markets, particularly Indonesia, while Brazil is a major supplier of soy to China.
Additionally, both Brazil and Australia have been chosen as jurisdictions for inclusion in the portfolio of the Partnership, due to the ability to access large scale properties
suitable for the growing of grains and oilseeds on an economically viable basis.
suitable for the growing of grains and oilseeds on an economically viable basis.
Opportunities in Brazil were attractive due to the availability of land at lower prices,
while in Australia opportunities are arising due to consolidation of productive farms
and inter-generational changes in property ownership.
while in Australia opportunities are arising due to consolidation of productive farms
and inter-generational changes in property ownership.
Diversification was a key component of the strategy for Macquarie Crop Partners:
Regions – holding and operating assets in both Australia and Brazil for diversification
across countries and operating regions to reduce exposure to single country risk.
across countries and operating regions to reduce exposure to single country risk.
Climatic zones – holding and operating assets across a number of climatic zones within the one country, to better manage the impact of abnormal seasonal conditions in one area, and to take advantage of Brazil’s summer dominant and Australia’s winter dominant rainfall patterns.
Crops – having the ability to grow and produce a variety of crops to meet market demands from various trading partners.
Diversified harvest profiles – crops grown in Brazil are harvested around March each year, while crops grown in Australia are harvested in or around September each year.
Markets – Australia and Brazil trade with different partners, reducing reliance on a
single market, and creating flexibility to meet emerging market demands.
single market, and creating flexibility to meet emerging market demands.
