Hancock Agriculture has purchased a 6856-hectare Wee Waa aggregation from the Findley family for a reported $150 million.
Located west of Wee Waa, in New South Wales, the Findleys have been in the Namoi Valley since 1962 with the Findley family having tightly held the Wee Waa aggregation for three generations.
Father-and-son-team Robin and Lucas Findley have been running the properties. The sale includes the 2982ha Cudgewa and two smaller farms connected to it, Pindara and Pian Plain, which in addition to cotton produce barley, wheat and corn.
The properties’ annual production is reported to average between 25,000 and 30,000 cotton bales. One of the major selling points was the land’s sizable water entitlements, with a combined allocation of 23,000 megalitres and about 7,000 megalitres of groundwater.
According to the Australian Property Journal, Hancock Agriculture plans to use the Wee Waa aggregation to produce cotton, and follows its acquisition of the Warra Warra cropping property on Queensland’s Western Downs early this year.
In 2019, Findley Farms purchased Etta Plains at Julia Creek for just under $25 million. They’ve spent the past three years developing it into a thriving cotton operation.