The Goodar Aggregation includes 7570ha of arable country used to grow summer, winter, and fodder crops. Photo: JLL

GUNN Agri Cattle Fund’s Cunningham Cattle Co has placed its Border Rivers region Goodar Station Aggregation on the market.

Covering 18,339ha, it includes 7570ha of cropping and 8356ha of grazing country, and is located 40km north-west of Goondiwindi in southern Queensland.

The aggregation comprises the 7293ha Goodar, 6923ha Benelewin, and 4122ha Boogumbilla, which combined can carry roughly 3850 adult-equivalent cattle.

Each of the three properties within the Goodar Station Aggregation includes cropping and grazing country.

The aggregation’s suitability for cash and fodder cropping and improved pastures is seen as presenting significant opportunity for value-adding activities, and integration into existing cattle portfolios.

Each of the three properties that make up the Goodar Aggregation features extensive cropping and grazing areas. Source: JLL

Strategic divestment

Goodar was bought by Gunn Agri in 2016 for $20 million from long-time owners the Munro family of Weebollabolla near Moree.

JLL has the listing, and JLL senior director – agribusiness Chris Holgar said the decision was part of a strategic realignment of the portfolio.

It was not part of a winding-up of the fund.

Backgrounding operations for cattle have been integrated within the wider Cunningham Cattle Company portfolio.

It includes North Qld holdings Katandra Station, Hughenden, Abingdon Downs north of Georgetown, and Esmeralda Station, south of Croydon, as well as the Maranoa Aggregation.

Situated south of Mitchell in southern Qld’s Maranoa region, the Maranoa Aggregation comprises Ekari Park and Fairview, which jointly cover 24,633ha, as well as the 11,463ha Ballaroo west of Surat; all three listed with JLL last year.

According to its website, Gunn Agri Partners is one of Australia’s leading agricultural investment and management businesses, operating over 1 million hectares of grazing country and managing approximately 65,000 head of cattle across Qld.

Crop off at Goodar

The Goodar Aggregation is being sold without crop.

“Sorghum has been harvested, and there’s an opportunity for the incoming owner to plant a winter crop.”

The aggregation’s arable country has grown barley, canola, chickpeas, oats in winter, and grain and grazing sorghum over summer, as well as pasture.

Improvements include a new 2000-head capacity set of cattle yards on Goodar, and 100-head capacity steel panel yards on Benelewin.

Reliable stock water for the aggregation comes from 15km of dual Weir River frontage through Benelewin and Goodar, and Uragara Creek traversing Boogumbilla.

The Goodar Aggregation can carry up to 3850 adult cattle. Photo: JLL

Multiple catchment dams and a fully equipped bore pump to a network of tanks and troughs further bolster water security.

The aggregation’s topography is generally level to gently undulating.

Land types are classified as Cypress pine and carbeen forest, Box flats and Coolibah floodplains, along with areas of Brigalow softwood scrub and Bull oak.

The north-western portion of the aggregation is characterised by brown duplex soils, while the central portion contains a mix of grey cracking clays and hard yellow duplex soils.

In the eastern sections, soils transition to black duplex types and pale loams.

The Boogumbilla parcel primarily consists of grey cracking clays and yellow duplex soils.

The aggregation features fit-for-purpose infrastructure, including multiple homesteads and cottages, steel-framed machinery sheds, workshops, and grain and fertiliser storage silos, all designed to support cropping and livestock operations of scale.

Goodar Station Aggregation is for sale by expressions of interest in one line, or as separate assets closing March 5.

JLL agents Clayton Smith and Geoff Warriner are working with Mr Holgar on both the Goodar and Maranao aggregations offered out of the Cunningham Cattle Co portfolio.

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