| ML Macadamia Orchards, L.P. is a publicly traded partnership, engaged in the business of growing and farming macadamia nuts in Hawaii. The Partnership owns or leases approximately 4,190 tree acres of macadamia nut orchards in three locations within a 50-mile radius on the island of Hawaii. It sold all of its macadamia nut production to Mauna Loa Macadamia Nut Corporation (Mauna Loa) under four nut purchase contracts. Three of the nut purchase contracts with Mauna Loa expired on December 31, 2006, and the other contract expires December 31, 2011. The Company has two segments, the owned-orchard segment and the farming segment. The owned-orchard segment derives its revenues from the sale of macadamia nuts grown in orchards owned or leased by the Company. The farming segment derives its revenues from the farming of macadamia orchards owned by other growers. It also farms those orchards owned by the Company. |
