The troubled managed investment scheme (MIS) called for the trading suspension after the Easter holiday.

An announcement is expected today or tomorrow on an accelerated program of asset sales which the company said would include “horticulture assets”.

Timbercorp is now one of the biggest direct and indirect employers in Sunraysia with interests in almonds and olives chiefly in the Robinvale area.

One asset not on the bargaining table is its massive water holdings of 120,000 megalitres, making it the biggest owner of water in Victoria.

The Sunraysia Irrigators Council has already suggested federal or state governments should buy out the hard-hit company and return the water to the environment.

But without water, the giant agriforestry business could not run.

It has already announced plans of leaving its MIS origins behind in 2009.

For more of this story, purchase your copy of Thursday’s Sunraysia Daily 16/04/2009.