timbercorp primary infrastructure fund, page-16

Yellowcake stated:

"3. AAC has water security. TIM does not have any for its food production enterprises."

TIM's almond plantations has permanent water rights. SHV, that manager of the almond plantations normally uses less than their annual water allocation, they have in the past on-sold some of those rights and have at times even donated some of the excess allocations to community groups in the region.

I understand that the olive plantations also have ample water rights but I am not as certain on that point.