Episode 75: Why sandalwood smells like opportunity with Keith Drage

In this episode, we chat with Keith Drage, co-founder of Silvalis and Dutjahn Sandalwood Oils, who left a career in London’s financial markets to grow one of WA’s most unique native commodities, sandalwood. Keith shares how plantation sandalwood is making a strong comeback, thanks to long-term thinking, partnerships with traditional owners, and a business model grounded in land ownership and zero debt. He explains how sandalwood thrives on poorer, sandier soils, often the less productive parts of the farm, and how it can slot neatly into a mixed farming operation alongside cropping and even sheep. We also dig into the challenges of growing a long-term crop in a changing climate, the value of blending wild and plantation wood, and why traceability and premium markets are driving demand for this uniquely West Australian product.   Disclaimer The information provided in this podcast is general in nature and does not in any way constitute financial, investment, accounting, tax, or legal advice. You should always consult with relevantly qualified and licensed professionals for advice tailored to your specific situation and requirements. The opinions expressed are our own and do not reflect those of our sponsors or any third parties.

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