Rural Funds Group Appoints Andrea Lemmon as an Independent, Non-Executive Director, Effective 1 November 2021
November 31, 2021 at 07:35 pm
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Rural Funds Management Limited (RFM), the manager and responsible entity of the Rural Funds Group (RFF), announced the appointment of Ms Andrea Lemmon as an independent, non-executive director, effective 1 November 2021. Andrea was employed by RFM from its inception in 1997 until her retirement in October 2018. In August 2020, Andrea was appointed the Chair of Marquis Macadamias Ltd. Andrea is also a non-executive Director of Marquis Marketing.
Rural Funds Group is an Australia-based real estate investment trust (REIT). The Company owns a diversified portfolio of agricultural assets that are leased predominantly to corporate agricultural operators. It is primarily engaged in the development and leasing of agricultural properties and equipment. The Company leases almond orchards, macadamia orchards, vineyards, cattle properties, cropping properties, agricultural plants and equipment, cattle, and water rights. The Company holds three almond orchards approximately 4,068 planted hectares; six vineyards approximately 636 planted hectares; 13 macadamia orchards approximately 1,906 planted hectares; seven properties with areas to be developed into macadamia orchards with 2,520 hectares; 23 cattle properties made up of 18 breeding, backgrounding, and finishing properties and five cattle feedlots with a combined capacity of 150,000 head, and 15 cropping properties approximately 14,573 hectares.