Jamea back on market after two-year ownership

Emma Alsop, June 10, 2022

The Jamea Aggregation has scope to broaden its mixed-farming potential. Photo: Ray White Rural

LARGE-SCALE central-west New South Wales mixed cropping and livestock property, Jamea Aggregation, is being offered for sale.

Located 45 kilometres south-west of Trangie, the 6558-hectare aggregation is being off-loaded by an undisclosed corporate owner, which purchased the property from Greg and Kate Broughton in 2020.

Approximately 93 per cent of the property is arable with high-quality grey self-mulching and red loam soils.

Ray White Rural Dubbo agent Brian McAneney, who is handling the sale, said the property’s cropping history alongside its livestock-handling infrastructure made Jamea a “production powerhouse” and an impressive opportunity for an individual or corporate buyer.

“Its production ability and size are a standout,” Mr McAneney said.

“This is a rare property, and we are excited to be able to handle it.

“The inquiry is very good at the moment, and we are receiving strong demand from northern and southern buyers.”

Jamea is an aggregation of eight properties subdivided into 38 paddocks with all, bar one smaller block, located in the same parcel of land.

“Certainly one of the enduring assets is the that of the [6558ha], there is just under [5666ha] in one block,” Mr McAneney said.

“For ease of management and movement of machinery or livestock that is a very good-sized parcel in the area.”

The sale will come with the 2022 winter crop. Photo: Ray White Rural

While the Broughtons’ ran the property as a mixed-cropping cattle and sheep operation, the current owners have focused on improving its broadacre potential by growing canola, wheat, barley, faba beans and chickpeas.

All crops grown in the 2022 winter program, estimated at about 6000ha in total depending on seasonal conditions, will be sold with the property.

“It is certainly an advantage for the incoming purchaser that there is going to be a substantial winter cereal and pulse crop there for them to benefit from.

“On top of that, there is some very good livestock handling facilities, excellent lane-way systems and good cattle and sheep guards and there is a shearing shed.”

Mr McAneney said the Broughtons were successful in fattening approximately 6000 cross-bred lambs and 1500 steers in most years, and there was nothing to prevent the new owners from commencing a similar operation.

Alongside the livestock infrastructure, Jamea features 1100 tonnes of grain storage, several machinery and hay sheds and fuel storage.

A full list of plant and machinery will also be made available to the incoming purchaser, with a walk-in-walk-out sale considered by the owners.

The Jamea Aggregation is being offered via expressions of interest closing on July 13.

There is no price indication for the aggregation, but it is believed the property sold for approximately $3174/ha in 2020.

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