This document summarizes an upcoming briefing on investing in agriculture. Bruce Tweedie, an Australian agriculture investment expert, will discuss opportunities in the sector. Global food production must double by 2050 to meet demand, creating tensions between supply and demand that are driving up commodity prices and capital valuations. The briefing will outline current investment opportunities in countries like Australia and South America within industries such as dairy, cotton, cattle, and sugarcane.

1. Investing in Agriculture—Briefing
Our partners are bringing Bruce Tweedie, a leading Australian agriculture investment expert,
to Hong Kong for a series of executive briefings on market opportunities.
China Direct Partners is a management consultancy that has been supporting Chinese and Western commercial interests in a
variety of ways. The common theme connecting all of our projects is simply growth. See more at www.chinadirectpartners.com
1. Why is Agriculture a good investment opportunity ?
Agenda 2. Where are the best investment opportunities?
3. What options are there for generating returns?
Bruce Tweedie is a leading agriculture investment specialist who has helped a range of business interests in the agriculture sector
find new ways to increase production and generate returns. Bruce’s family has a heritage of agriculture involvement, starting in
Australia in 1849, a tradition which Bruce carries on today. In recent years Bruce has developed a unique perspective on modern
agriculture with involvement in a range of fund raising activities across the globe. See more at www.tweediecapital.com.au
An overview of the commercial opportunity
In 1950 there was 0.5 hectares of
arable land per capita.
Today it is 0.2 hectares of arable
land per capita.
Global food production must dou-
ble by 2050.
Scarcity Less production (supply) more demand.
The tension between supply and demand is driving a significant shift in valuation and opportunity. Agriculture commodities
prices will rise, capital valuations will rise, and technology will drive output increases. There is a once in a generation opportunity
Diversification : Agriculture is a real asset. The right opportunities
have strong fundamentals with low correlation to mainstream asset
classes.
Hedge : During the past 30 years the compound annual growth rate
of the Australia Rural Land Value index has had a 95% correlation
with inflation.
Performance : Finding the right opportunities to invest in, is a function
of governance, technology, access to markets, and leadership. We
locate opportunities in well governed jurisdictions where investments
would be used to significantly raise the productivity of the agricultural
assets under management. We identify investment opportunities in a
range of agricultural commodities that have a strong demand profile
over the medium term. We meet with and assess the leadership quali-
ties of the farm management.
Page 1 Contact : Gary Dickinson gary@chinadirectpartners.com + 852 56462775

2. Investing in Agriculture
Our current portfolio of Investment Opportunities as at
February, 2013.
Australia
Dairy - Integrated dairy farmland and milk processing plant. Exports to Asia or the Middle East. Very experienced
management company. $50M growing to $200M to purchase farmland and $50M to construct green fields proc-
essing plant.
Cotton – Co-investment with major investor in global agri, alongside leading farm management company. $10 to
$20m required for first acquisition, with further expansion planned.
Cattle - Equity investment in cattle operation; plus expansion via acquisition; plus possible acquisition of comple-
mentary abattoir. Up to $250M.
Sheep, Grains - Partnerships with leading Australian farm management company. Excellent track records, reliable
returns. Acquisitions targeted to suit investor requirements. Range from $10M to $50M per property.
Sugarcane - Rollout of unique environmental management system for sugar cane farming. Increases yields and
reduces water and chemical usage.
Initial $30M to acquire sugar and soy farmland in Northern Australia; growing to $100M.
Fertilizer - Innovative patented process for converting recycled glass into silicon fertilizer. Proof of Concept in-
volved pilot plant, field trials and sales.
$15M to build commercial plant, implement Australian marketing plan, and perform feasibility study in Brazil.
Cattle - Investment in beef cattle by purchasing livestock, not land, and partnering with cattle farmers. Better re-
turns and liquidity than traditional approaches. $20M+.
Ethanol - Fully costed and designed ethanol plant. $150M to construct the plant.
Page 2 Contact : Gary Dickinson gary@chinadirectpartners.com + 852 56462775

3. Investing in Agriculture
Our current portfolio of Investment Opportunities as at
February, 2013.
South America
Beef/Sheep – Uruguay/Paraguay - Experienced management sponsoring farmland conversion to semi intensive
cattle, sheep and crops in northern Uruguay and opening virgin scrub to produce pasture with beef cattle in Para-
guay. $300M to acquire, reform and open farmland, develop infrastructure and acquire breeding cattle and sheep.
Beef – North Brazil - Farmland owner with elite beef herd to acquire adjoining undervalued and under used beef
farms in fertile river bed. Add value with genetic improvements and marketing initiatives. Experienced manage-
ment team. $250M.
Sheep – North Brazil – Integrated plan to improve irrigation, establish large breeding flock and process at spe-
cialist abattoir, plus marketing under brand to domestic food retailers. $80M.
Sugar Cane – North Brazil - Develop high yielding drip irrigation system to supply cane to separate greenfield
sugar mill development. $75M.
Crops – North Brazil - Investment in soya/cotton crops by purchasing large scale partly developed farm. $60M.
Opportunity to co-invest with Brazilian fund.
Crops/Cattle – North Brazil - Investment in cattle integrated with soya/cotton crop farm by purchasing large scale
undeveloped farm. $140M.
Rice – South Brazil - Farmland owner with experienced management team requires minority partner to invest to
provide working capital to improve trading, increase production and modernise machinery. $60M.
Page 3 Contact : Gary Dickinson gary@chinadirectpartners.com + 852 56462775