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Two Queensland farms have been sold in deals exceeding a combined total of $75 million.
Victorian-based agricultural investment fund Tiverton Agriculture sold the 10,619-hectare Picardy Station to a local central Queensland producer for a figure understood to be worth about $45 million, The Weekly Times has reported [paywall].
At Picardy Station, 7819ha or 74 per cent has been developed for dryland cropping with the remaining 2800ha used for grazing. Picardy Station has also been baseline assessed for a sequestration project.
Meanwhile in southern Queensland’s Macintyre River region, a 3144-hectare mixed dryland and irrigation farm near Goondiwindi has been offloaded by its UK-based owner.
Booberoi, owned by investor Mark Robinson for almost 20 years, listed the property for sale for $31 million, however details of the sale remain undisclosed.
The property has 1028 hectares developed for irrigation with 522 hectares planted to cotton.
There is also 1005 hectares of farmland for grazing, with the 955-hectare balance used for dryland cash cropping or forage crops.
