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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 $31 million, however details of the sale remain undisclosed.
The property has 1028 hectares developed for irrigation with 522 hectares planted to cotton.
There is also 1005 hectares of farmland for grazing, with the 955-hectare balance used for dryland cash cropping or forage crops.
German-owned LAM LUF Overseas GMBH, is understood to have purchased the two-farm Fairholme aggregation of 3786ha near Condobolin, NSW.
Reported by The Weekly Times [$], the $30 million plus acquisition comes after the fund recently purchased the historic Gilgal Station, near Cootamundra from Palgrove for more than $53 million.
Fairholme is currently used for cotton, oilseeds, winter cereals, fodder and a grass-fed cattle fattening program. Pic: LAWD
It is expected that the property will be run by Agri Carbon Investments, a firm with the stated goal of delivering returns by running commercial regenerative agriculture enterprises alongside carbon and biodiversity projects.
READ MORE: Why Australian ag is in global funds' sights
The property is currently utilised for the production of cotton, oilseeds, winter cereals, fodder and a grass-fed cattle fattening program.
It features centre pivot and linear move spray irrigation, flood/border check irrigation, dryland arable cropping, as well as irrigation entitlements.
Upper Lachlan alluvial groundwater (3426ML), Lachlan River general security water (1172ML) and Lachlan River general security water (184ML) delivered via the Jemalong irrigation scheme were included in the offering.
Echuca dairy farm hits the market
Kanyapella Dairy, near Echuca, is being offered for sale by expressions of interest.
The 763-hectare property offers a centralised dairy system with a substantial irrigated milking platform, supported by additional irrigated and dryland grazing.
Its first-class infrastructure, reliable water resources, scale and suitable land and soil types, make it an attractive offering in the Goulburn Valley.
JLL Agribusiness is the agent for the sale, with expressions of interest closing on Thursday, December 14 at 3pm.
Moree farm snapped up before auction
Kyntyre has sold for an undisclosed price, ahead of its auction scheduled for Wednesday, December 6, The Land has reported [paywall].
The 464-hectare grazing and cropping property is located near Moree, featuring fertile black soils and Gurley Creek frontage.
The sale was handled by Bob Coote and James Beer from Colliers Agribusiness.
WA mixed farm to be sold via online auction
A mixed farming opportunity in Western Australia’s Avon Valley region has come onto the market.
The property, known as Nanamoolan, is well suited to dryland cropping and livestock breeding, backgrounding and finishing.
It is located close to the Perth CBD, in the the Shires of Northam and Toodyay.
About 205 hectares of the 282-hectare property was sown to canola in 2023 and had a lime application of 3 tonnes/hectare.
Nanamoolan is for sale by online auction, with final bidding at 11am (AWST) on Monday, December 18.