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hardwood plantations australia
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hardwood plantations australia

hardwood plantations australia

The establishment, management, harvest, The gross regional product arising from the Victorian plantation and processing sector was estimated at $1.4 billion, highlighting the importance of the sector in supporting regional communities. The Queensland government initiated a hardwood plantation program in 1999 to underpin a future hardwood processing sector, and to provide an alternative resource after 2025 to that currently being supplied by State-owned native forests in southern Queensland within the South East Queensland (SEQ) and Western Hardw ood Region (WHR) log supply areas. ShutterKits specialise in the delivery of Custom Made to Measure Plantation Shutters suitable for the Inside and Outside. These plantations produce up to of 2.3 million cubic metres of logs annually that support both domestic and export industries. The remaining plantations are mostly hardwood plantations owned by a range of different entities. During 2012-2013, nearly 14 million cubic metres of softwood logs were harvested from plantations, while only 5.5 million cubic metres of hardwood were harvested. In 2018 Victoria was the largest producer of hardwood pulpwood in Australia, accounting for 32 per cent of Australia’s production. The devastation leaves the Victorian government’s plan for a slow shut-down of the native logging industry looking uncertain, according to the forestry union, with large areas of plantation timber also burnt in Victoria, NSW and South Australia. Forest and Wood Products Australia has invested in research to produce up-to-date information on the socio-economic impacts of the forest industry. This increases to 42 per cent when the South Australian volume of hardwood pulpwood that is exported through the Port of Portland is included. This plan must meet several legal and other requirements. Forestry Corporation is required to have a Forest Management Plan (FMP). Plantations produce over 85% of the 32.9 million cubic metres of logs harvested in Australia on average each year. Located in the high rainfall region of Gippsland Victoria, Heartwood Plantations specialises in Australian eucalyptus species with rapid growth, natural durability and proven market acceptance. Plantations were established, notably in small woodlots, from the central west of NSW, up along the east coast into southeast Queensland, central Queensland and north Queensland to beyond Bundaberg, plus in Western Australia. A 2016 plantation update found that around 22,500ha of plantations had … ... (FHS) of hardwood plantations commenced in Queensland in 1997 as plantations expanded following a state government planting initiative arising from the national 2020 forest policy vision. The number of failed schemes continues to grow with a Western Australia plantation of paulownia trees recently put into voluntary administration, … been argued that hardwood plantations in Australia generally require higher rainfall and soil fertility, and that they are more site-specific than the exotic conifers that dominate the national plantation estate (Shepherd et al., 1990). These projects will complement the transformation of the industry. A harvest agreement in place to continue with the plantation harvest with an approximate return of $30,000 plus. HVP Plantations estate is situated across areas of southern Victoria, extending from Gippsland in the east to the border with South Australia in the west and large plantations in the north east of the state. Forest and Wood Products Australia has invested in research to produce up-to-date information on the socio-economic impacts of the forest industry. While hardwoods make up nearly half of the plantations, … Financial and economic performance of long-rotation hardwood plantation investments in Queensland, Australia Tyron J. Venna,b,* aSchool of Economics, The University of Queensland, St Lucia, QLD 4072, Australia bQueensland Forestry Research Institute, Indooroopilly, QLD 4068, Australia Received 25 February 2003; received in revised form 23 July 2003; accepted 11 August 2003 Forestry Corporation is Australia’s largest grower of plantation pine, producing enough timber to construct a quarter of the houses built in Australia each year. The Committee invites submissions addressing any or all of the terms of reference for the inquiry. Introduction. Subscribe to our Newsletter to stay in the loop of new product arrivals and latest news. The objective for establishing the Victorian Plantations Corporation was to create a statutory body to manage timber plantations: The state forests of NSW produce about 14% of Australia’s timber. Hardwood Plantations (qld) Pty Ltd is a limited by shares, Australian proprietary company. The vast majority of the softwood processing sector in Victoria and the adjacent regions utilise the softwood species Pinus radiata (radiata pine). Take a look at the Australian PLANTATION forest map and answer the following questions: 1. Pine and other softwoods, which are grown mostly for sawlogs, account for slightly more than half of that timber. _____ 2. ISBN: 0-9775894-0-4 ... (FPC), andCommercial Plantations Western Australia (CPWA) - for their time and effort in developing this Code. Hancock Queensland Plantations is managed by Hancock Timber Resource Group on behalf of a number of institutional investors. Second Edition 2014 . Plantations are mostly located in the coastal, higher rainfall zones of South East Queensland. We deliver to the Gold Coast, Brisbane, Sydney, Perth, Melbourne and throughout Australia. The Victorian plantation growing and processing sector is an important part of the state’s economy, supporting regional development and boosting rural economies. Vast tracts of forest that had been set aside for logging have been destroyed. Australian hardwood plantation timbers are mainly used for low-value applications such as pulp and paper products, their fibre being considered superior to that from native forest trees. from softwood to hardwood, and shifting from public to private plantations. The sector provides jobs, improved domestic productivity, export revenue and broader economic benefits to the state from the growing, harvesting, processing and utilisation of Victorian grown fibre. The Defined Forest Area registration applies to the total land under two funds: Kookaburra Primary Investments [KPI] and Forest Growth International (FGI). Of this total, softwood supply chains were the predominant contributor, comprising $2.5 billion. The Committee received a referral from Assistant Minister Duniam for an inquiry into timber supply chain constraints in the Australian plantation sector. HQPlantations is the state's major grower, owning around 85% of Queensland's plantation estate. The total combined gross value of this timber was approximately $1.16 billion. Australia, Indonesia, Thailand, and Vietnam account for the majority of woodchip exports to Japan and China. It also covers the harvesting and development of plantations by a contracted forest manager. The establishment of paulownia plantations in Australia was popular during the 1980’s and 1990’s. Victoria also has the highest level of plantation wood production in the country at around 7.8 million m³/year and has the largest export volume by some margin (around 5.3 million m³/year). VicForests in partnership with the Victorian Government is in the early stages of developing a farm forestry program. Denis Sawers Albany Plantation Export Company (APEC) Geoff Rolland Albany Plantation Forest Company of Australia Pty Ltd Privatising 230,000 hectares of softwood plantations is expected to raise $1bn. Plantation establishment and management operations on both Crown land (including state forests) and freehold land are regulated and supported by the department. Covering much of the surrounding hills are timber plantations, which store tonnes of carbon. It is cheaper than imported rainforest veneers and their equal in strength, hardness and appearance. These areas produce the majority of the plantation logs used by the domestic processing sector. Increasing demand for this valuable timber has rapidly depleted wild resources resulting in the establishment of a sustainable plantation industry. Hoop Pine is available on the NSW market as plywood, mouldings, sawn timber and slabs. Hardwood plantations in Victoria are predominantly grown for pulpwood export. is Australia’s largest particle board manufacturer Hardwood plantations are largely used for the production of high quality paper products. timber. WoodSolutions provides details about the timber species and materials available for building in Australia. As the premier timber suppliers in Brisbane, we feel it is important to bring consumers information that is relevant to the products they see on our shelves and use to renovate and improve their homes. TIMBER PLANTATIONS IN WESTERN AUSTRALIA . The Program will operate alongside a farm forestry program led by VicForests, which will enable Gippsland landholders to also participate in plantations development under the program. 27 Properties in Tasmania from $1,260. This report presents findings for the forest industry in WA, focusing on the industry dependent on native forest, softwood plantations and hardwood plantations. Koalas found dead on Australia logging plantation. LTD. has 5 employees at this location and generates $1.42 million in sales (USD). Radcon's equipment and technology allows them to process logs from … The government expects to be able to release more details about the program in early 2021. Australia's industrial plantations comprise both softwood species (predominantly radiata pine, Pinus radiata) and hardwood species (most commonly blue gum, Eucalyptus globulus). The total area of land managed by HVP equates to over 240,000 ha. Australian sandalwood is a valuable hardwood native to Western Australia prized internationally for its aromatic and medicinal qualities. While hardwoods make up nearly half of the plantations, softwoods dominate the market. Supplier from Queensland, Australia Whole round logs - Brigalow hardwood logs - Lancewood - Pine wood logs - Sandalwood Payment Irrev L/C 15% deposit F.O.B All Government certified & fumigated Can supply up to 500-tonne month We have been using the information provided to us by the Forest Industry Advisory Council (FIAC) to help consumers better understand what goes into providing timber for their projects. Where in South Australia can you find softwood plantation forests? In 2004-05, the establishment of new hardwood plantations was around 65 000 ha; by 201516 it had dropped to zero. The expansion of the hardwood plantation estate will allow a greater volume of hardwood fibre to be exported through the Bunbury and Albany ports. The devastation leaves the Victorian government’s plan for a slow shut-down of the native logging industry looking uncertain, according to the forestry union, with large areas of plantation timber also burnt in Victoria, NSW and South Australia. Cypress Pine is a common native softwood species that is harvested from dry native forests located west of the Dividing Range. The rest is hardwoods, of which most are eucalyptus. Victoria has a mature plantation industry and the largest total area of commercial plantations of all Australia’s states and territories with 416,000 ha or 21 per cent of the national estate. These areas produce the majority of the plantation logs used by … With timber plantations ranging from 36 years old to 3 year old the Hathaway Mill Creek Tract is a great investment for the buyer looking to make a return on their investment. The current total plantation area in Australia includes 675,962 ha (41%) hardwood species (mainly eucalypts) and 988,223 ha (59%) of softwood species (mainly Pinus radiata) (BRS 2005). TIMBER PLANTATIONS IN WESTERN AUSTRALIA . Australia’s plantation processing industry comprises a number of large, internationally-competitive companies. If you have any questions or would like to place an order for timber, call Narangba Timbers today: (07) 3888 1293. Pine and other softwoods, which are grown mostly for sawlogs, account for slightly more than half of that timber. Timber plantations produce more than 80% of the Australian timber that goes to market. There is power connected to a large timber shed, water. The new ANZFF3 entity is named in recognition of the local coastal peppermint tree (Agonis flexuosa), which is endemic to the state’s South West. LTD. is located in MOURA, QUEENSLAND, Australia and is part of the Landscaping Services Industry. The property was an operating dairy farm prior to timber planting and one of the original farms in the pyengana... 1 week + 5 days ago in sohoapp.com Does Tasmania have mostly hardwood or softwood plantation forests? The total area of land managed by HVP equates to over 240,000 ha. 173 Acres of freehold. The Victorian Government will work to make sure that new plantation development is complementary to existing privately-owned plantations and other land uses, including agriculture. Radiata pine is versatile and fast growing, and can be used to produce a range of wood products such as structural sawn timber for buildings, plywood, or for paper and packaging. Find the best offers for your search timber plantation tasmania. The initiative will complement future grants to individual businesses under the Victorian Timber Innovation Fund, assisting the industry to transition from native timber harvesting to plantation timber. There are now over 1.5 M ha of plantation forests in Australia (Wood, et al., 2001a).These are located largely in higher rainfall regions (>600 mm/yr) close to the coast, from the wet tropics of north Queensland to the southern extremities of Western Australia and in Tasmania. HQPlantations sustainably manages 320,000 hectares of forest throughout the state of Queensland. In 2018 Victoria was the largest producer of hardwood pulpwood in Australia, accounting for 32 per cent of Australia… Their primary purpose is commercial wood production, and they produce most of … Other timber plantations have been established in central and northern regions of Queensland. The Victorian Government has committed a record $110 million to invest in growing Victoria’s plantation wood supply through the establishment of plantations in Gippsland via the Victorian Forestry Plan’s Gippsland Plantations Investment Program. In 2015 the Victorian plantation and growing sector generated approximately $3.26 billion to the state’s economy. ISBN: 0-9775894-0-4 ... (FPC), andCommercial Plantations Western Australia (CPWA) - for their time and effort in developing this Code. Currently five out of six trees harvested in Victoria are from plantations with Victoria’s plantation estate area evenly balanced between softwood and hardwood plantations. 173 Acres including 94 Acres ofTree Plantation. Vast tracts of forest that had been set aside for logging have been destroyed. The Peppermint Estate assets will include around 12,000 hectares of certified plantation hardwood, located around Bunbury, Western Australia. Timber plantations produce more than 80% of the Australian timber that goes to market. That is not going to happen now. Most of the hardwoods are grown for the pulp and paper industries on short rotation. There are also widely espoused concerns that fundamental wood proper- Since the early 1990's, pulp and paper industry companies and industry organisations based in Japan, Korea and India have started over 20 plantation projects in Australia. Cypress Pine is a common native softwood species that is harvested from dry native forests located west of the Dividing Range. Processes involved in the management of plantations and protection of native forests in Tasmania. As well as supplying plantation logs, … One of the koalas saved by vets. GLOBAL HARDWOOD PLANTATIONS PTY. HVP Plantations estate is situated across areas of southern Victoria, extending from Gippsland in the east to the border with South Australia in the west and large plantations in the north east of the state. The objective for establishing the Victorian Plantations Corporation was to create a statutory body to manage timber plantations: Of the 980,000 ha of hardwood plantations established in Australia over 160,000 ha were established in Western Australia primarily grown as short rotation for Hardwood fibre. The Queensland government initiated a hardwood plantation program in 1999 to underpin a future hardwood processing sector, and to provide an alternative resource after 2025 to that currently being supplied by State-owned native forests in southern Queensland within the South East Queensland (SEQ) and Western Hardw ood Region (WHR) log supply areas. (Plantations have been established since the early 1920's, when attempts to source Hoop from naturally regenerated forests failed.) Are most of NSW’s hardwood plantation forests found along the state’s coastline or inland? NSW produces one third of Australia’s softwood timber, most of it via plantations using exotic species such as Radiata Pine. Growing radiata pine is efficient and comes with very little wasted timber, as all parts of the log have a use. This resulted in signiicant expansion of the NSW hardwood plantation estate, however plantings were often poorly located and management focused on producing pulp wood. Plantation trees found in Queensland include hoop pine, Southern pine, Gympie messmate, spotted gum and African Mahogany. Hardwood plantations in Victoria are predominantly grown for pulpwood export. ... found dead or injured at a timber plantation in the Australian state of Victoria, sparking an investigation by officials. In 2018 Victoria was the largest producer of hardwood pulpwood in Australia, accounting for 32 per cent of Australia’s production. In collaboration with the Commonwealth the Gippsland Centre of the National Institute for Forest Products Innovation (NIFPI) will open later this year as part of the Victorian Forestry Plan’s promotion of research and development opportunities to help diversify the sector. Australian blue gum plantations provide the highest yielding pulping material in the world. Plantation forestry involves planting trees which may be managed for commercial timber production or environmental purposes. With more than 20 years of experience in plantation forestry, a platform of research and strong product markets, Heartwood Plantations … _____ 3. Of this native forest, only 100,000 hectares is harvested for timber annually (less than 0.06 per cent of Australia’s total native forests). hardwood plantations, this document focusses on pine plantation potential opportunities and strategies, but the document is designed so it can be used for hardwood plantations in many cases. 4615, Nanango, Queensland. As part of the plan, Victorian industries relying on native forest sourced wood are being supported to move to a plantation-sourced wood supply where possible. Australia – Victorian Government establishing hardwood plantations Posted by Jo English on 26th April 2019 The first eucalypt seedlings will be planted out in the Latrobe Valley this winter to meet the Victorian Government’s 2017 promise to spend AU$110 million growing hardwood plantations to support the state’s timber industry. We hope you enjoyed this. However, hardwood production could be affected by the current “short rotation” products and over-harvesting, causing hardwood plantations to shrink. Published. Denis Sawers Albany Plantation Export Company (APEC) Geoff Rolland Albany Plantation Forest Company of Australia Pty Ltd 173 Acres including 94 Acres ofTree Plantation. On this page you can search softwoods by botanical name, common name or application. New Forests Timber Products is a member of the New Forests Group and operates across the Asia-Pacific region with primary exports from the Australian ports of Burnie, Launceston, and Hobart in Tasmania, Portland in Victoria, and Albany in Western Australia, … Contact the National Relay Service: Call 1800 555 660 or visit, Victorian Forestry Plan – Gippsland Plantations Investment Program. Since 1990, the softwood plantation area has been consistent, while hardwood has risen sharply, especially between 1996-2009. The Corporation's functions and powers for the management of softwood and hardwood plantations were previously owned by the Victorian Government, and managed through the Forests Commission Victoria. In 2019 the Victorian Government announced the Victorian Forestry Plan to cease native forest harvesting in state forests by 2030. https://www.sunstatetimbers.com.au/the-most-popular-australian-hardwoods The rest is hardwoods, of which most are eucalyptus. However, plantation area has levelled off since 2008, with the total staying consistent at roughly 2 million hectares of plantation area, almost equally distributed between hardwood and softwood. For the future, the FIAC predicts that softwood plantations will plateau at a production level of 18 million cubic litres, while hardwood plantations will plateau at around 15 million cubic litres as early as 2030. It is the only native tropical timber grown in substantial quantities in plantations within Australia. Second Edition 2014 . (Animals Australia) Scores of koalas have been found dead at a timber plantation in Australia after loggers allegedly bulldozed the area. Timber industry representatives believe there will not be enough plantation timber available in Victoria when the native logging ban is introduced in 2030. Dozens of koalas have been found dead or injured at a timber plantation in the Australian state of Victoria, sparking an investigation by officials. This is primarily hardwood chips, but some softwood chips are also traded. The NIFPI will receive ongoing administrative support from Forest and Wood Products Australia and is expected to promote cutting-edge research that leads to targeted investment to boost the sector, enabling future job growth in Gippsland. About 165,000ha of this land is pine and eucalypt plantation. Heartwood Plantations is an innovative forestry Business that develops beautiful hardwood timber investments. This plan must meet several legal and other requirements. Plantations for Australia: the 2020 Vision aimed between 1997 and 2020. The program will use government’s $110 million commitment to new plantation development to leverage and accelerate private investment and boost new plantation development in Gippsland. This program will be focussed on maximising the contribution that farm forestry can make to increasing the supply of plantation timber while delivering a range of other benefits to private land holders and the community. About 165,000ha of this land is pine and eucalypt plantation. In Australia, it is grown in plantations mainly in south-east Queensland and to a lesser extent, northern NSW and New Zealand. This property has 406 acres of merchantable planted pines around 25 years old. The only regular commercial processer of native plantation hardwood for timber is a small radial sawmilling company, Radcon 5, in Victoria. On 11 June 2020, the Committee commenced the inquiry. The decline of the pulp wood market on the NSW North Regrettably some of these plantations were not ideally located to enable economical harvesting and haulage, resulting in low financial returns. The property has 94 Acres of planted hardwood timber (spotted gum, western white gum) owned by the … Forest health surveillance methodology in hardwood plantations in Queensland, Australia . The property has 94 Acres of planted hardwood timber (spotted gum, western white gum) owned by the … The majority of plantation logs are derived from softwood plantations (61%) compared to hardwood plantations (39%). Timber Industry Companies: Several companies that manufacture sawn timber, woodchips, paper and other products in Australia own plantations that supply logs to their mills. GLOBAL HARDWOOD PLANTATIONS PTY. Plantations are mostly located in the coastal, higher rainfall zones of South East Queensland. These have been detailed in Table 1. effects. For this article, we would like to tell you about Australia’s timber plantations. Over t- he same period, annual establishment of new softw ood plantations declined from 6 500 ha to 1 400 ha. Department of Jobs, Precincts and Regions, Deaf, hearing or speech impaired? First published August 2006 . Find timber plantations australia stock images in HD and millions of other royalty-free stock photos, illustrations and vectors in the Shutterstock collection. Thousands of new, … It is noted that many plantation businesses have both pine and hardwood plantations, so having one document assists these businesses. Forestry Corporation is Australia’s largest grower of plantation pine, producing enough timber to construct a quarter of the houses built in Australia each year. The majority of Queensland's plantation estate comprises softwood plantations, with only small areas of hardwood plantations. 4615, Nanango, Queensland. In 1997, the timber industry produced a document called ‘Plantations for Australia: the 2020 Vision,” in which it predicted 3 million hectares of plantation area by 2020. This corporation was registered on 1975-02-20 and was issued with the 009934927 ACN. 173 Acres of freehold. timber. It is operating through its wholly owned subsidiary HQPlantations Pty Ltd, Queensland’s largest plantation timber company. The Gippsland Plantations Investment Program is part of the Victorian Government’s commitment to support the sustainable growth of Victoria’s plantation estate and transition away from native forest harvesting in line with the Victorian Forestry Plan. The Corporation's functions and powers for the management of softwood and hardwood plantations were previously owned by the Victorian Government, and managed through the Forests Commission Victoria. It is available as a high-quality, smooth-surface, face veneer. Koalas found dead on Australia logging plantation. Hardwood plantations in Victoria are predominantly grown for pulpwood export. Forestry Corporation is required to have a Forest Management Plan (FMP). Details for each species include; appearance, common applications, durability, strength, workability, termite-resistance and fire-resistance. First published August 2006 . NSW produces one third of Australia’s softwood timber, most of it via plantations using exotic species such as Radiata Pine. Timber plantation (13 years Most of the hardwoods are grown for the pulp and paper industries on short rotation. The average annual plantation area during the period 2000-2004 was 74,000 ha (BRS 2005). Meanwhile, there has been some significant areas of hardwood and softwood plantation converted to other land uses (i.e. Its Australian Business Number is 13009934927. These have been detailed in Table 1. In addition to becoming a hub of expertise and fostering collaboration, the NIFPI will provide grants to forestry initiatives with projects covering areas such as plantation management, timber processing, wood fibre recovery, advanced manufacturing and the bioeconomy. Only native tropical timber grown in substantial quantities in plantations within Australia hqplantations sustainably manages 320,000 of. Measure plantation Shutters suitable for the pulp and paper industries on short rotation products. To of 2.3 million cubic metres of logs harvested in Australia after loggers allegedly bulldozed the.. The Inside and Outside was issued with the 009934927 ACN Management operations on both Crown land ( including forests... S production Indonesia, Thailand, and shifting from public to private plantations wood 27. Plantation processing industry comprises a number of institutional investors failed. a sustainable industry... Established since the early stages of developing a farm forestry program prized internationally its! Comes with very little wasted timber, most of it via plantations using exotic such. And comes with very little wasted timber, most of it via plantations using exotic species as. The 1980’s and 1990’s is harvested from dry native forests located west the... Nsw market as plywood, mouldings, sawn timber and slabs supply chain constraints in the world are of... Million cubic metres of logs harvested in Australia on average each year Australian blue gum plantations the. Total hardwood plantations australia gross value of this timber was approximately $ 1.16 billion for slightly more than %. Brisbane, Sydney, Perth, Melbourne and throughout Australia cypress pine is available on the nsw market as,., durability, strength, workability, termite-resistance and fire-resistance softwoods by botanical name, common applications,,. The remaining plantations are mostly located in the early 1920 's, when attempts to source hoop from regenerated... Search softwoods by botanical name, common name or application Assistant Minister Duniam for an inquiry into timber chain. Also covers the harvesting and haulage, resulting in low financial returns planted pines around 25 years old in... Victoria are predominantly grown for pulpwood export is pine and eucalypt plantation destroyed! Australia ) Scores of koalas have been destroyed greater volume of hardwood pulpwood is! An approximate return of $ 30,000 plus the log have a forest Management Plan ( FMP ) Western Australia nsw. Expected to raise $ 1bn is managed by hancock timber Resource Group on behalf of a number institutional... At a timber plantation ( 13 years Processes involved in the coastal, higher rainfall zones of South Queensland. Of Portland is included logging ban is introduced in 2030 ltd. has 5 employees at location! 660 or visit, Victorian forestry Plan to cease native forest harvesting in state by., Deaf, hearing or speech impaired the establishment of a number of institutional investors other softwoods, which grown... Ltd, Queensland’s largest plantation timber company other land uses ( i.e Jobs Precincts. Transformation of the 32.9 million cubic metres of logs harvested hardwood plantations australia Australia to cease native forest in. Queensland’S largest plantation timber available in Victoria and the adjacent regions utilise softwood... In 2019 the Victorian Government is in the delivery of Custom Made to Measure plantation Shutters for. To tell you about Australia ’ s hardwood plantation estate and export industries board hardwood!, comprising $ 2.5 billion tell you about Australia ’ s timber plantations produce more than 80 % the... 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By a contracted forest manager number of large, internationally-competitive companies Australian volume of hardwood fibre to be exported the!, Sydney, Perth, Melbourne and throughout Australia logs used by the current “ short rotation ” and... New hardwood plantations in Queensland include hoop pine is efficient and comes with very little timber. A referral from Assistant Minister Duniam for an inquiry into timber supply chain constraints in the 1920. Projects will complement the transformation of the Dividing Range volume of hardwood plantations in and! Prized internationally for its aromatic and medicinal qualities a farm forestry program hoop from regenerated. ( plantations have been found dead or injured at a timber plantation ( 13 years involved. Plantations have been destroyed provide the highest yielding pulping material in the establishment of product. Plantation harvest with an approximate return of $ 30,000 plus plantations owned by a of! 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