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Expansion plans included purchasing and developing additional land for cherry production at Lindis Peaks, near Tarras, and establishing the packhouse and export infrastructure required, chief executive and director Sharon Kirk said in a statement.
The company’s first cherries would be harvested and exported from December this year to February next year and would target the growing global seasonal and Chinese New Year market.
About 83ha had now been planted at Mt Pisa and 36ha at Lindis Peaks and there was additional land available for development at Lindis Peaks.
The traditional sheep and beef landowners of the orchard sites at Lindis Peaks and Mt Pisa were among the investors behind Deep Creek Fruits.
Orchard and project manager Ross Kirk said the developments generated 15 to 20 jobs during stage two planting and a range of full-time positions including orchard and administrative positions. Up to 20 pickers would be required for the first harvest and numbers would increase up to 500 per 80ha by 2025.
Deep Creek Fruits chairman Michael Ambrose said the offer invited wholesale investors to purchase partnership interests in the development.
The minimum investment was $105,000 and the ideal investor put in at least $250,000.