The investment involves planting more than one million hazelnut trees on a new 2000-hectare farm owned by Agri Australis, an Australian subsidiary of global confectionary giant, the Ferrero Group.
The farm will create up to 50 permanent jobs and more than 50 seasonal jobs, plus boost NSW’s hazelnut industry.
NSW Minister for Primary Industries Katrina Hodgkinson said Australia only produced about 80 tonnes of hazelnuts annually and imported more than 2000 tonnes.
“This investment has the potential to kick start a productive industry in NSW, which could become a $200 million export business for Australia.
Agri Australis aims to use the farm as a large demonstration site to show other farmers and investors the potential of hazelnut cultivation.
The trees are expected to take about 4 years to grow and the farm should reach full production capability by 2022.
Image caption: NSW Minister for Primary Industries, Katrina Hodgkinson, inspects a new $70 million hazelnut project near Narrandera in South West NSW with the general manager of Agri Australis, Alessandro Boccardo