Kinbeachie. Photo: LAWD

SOUTHERN Queensland’s vast Kinbeachie is being sold after less than five years under PSP Investment ownership.

It heads up latest listings which include three New South Wales properties, Walteela and Orange Grove in separate parts of the Riverina, and Myallawa on the Western Plains.

Kinbeachie, Qld

Altora Ag, owned by PSP Investments, one of Canada’s largest pension funds, has listed its institutional-scale dryland cropping opportunity in the renowned Border Rivers region of Qld with hopes of raising more than $65 million.

The 11,228ha Kinbeachie is located 3km from Toobeah and 45km west of Goondiwindi.

It comprises four properties: the adjoining 3119ha Kinbeachie, 2873ha Birribindibil and 3200ha Moreville, and the nearby 2035ha Coomonga.

Benefitting from fertile soil types, mostly self-mulching black and grey cracking clays with high soil- moisture retention capabilities, more than 80 percent of the holding, or 9042ha, is arable.

Across the aggregation, wheat, barley, canola, chickpeas, are faba beans over winter and sorghum in summer are planted in a comprehensive crop-rotation system.

Purchased in January 2019, Daybreak Cropping, now under the Altora banner, paid $25M for three holdings – Kinbeachie, Moreville and Birribindibil – spanning 9192ha, including 7350ha of cropping country.

They were added to the portfolio to provide diversification, scale efficiencies, proximity to demand from domestic feed markets and flexibility with both summer and winter-cropping options.

Recently, the 2035ha Coomonga, 17km from the other three holdings, was added to lift the total aggregation size to 11,228ha.

Kinbeachie was originally a 5993ha fattening and backgrounding operation owned by the Australian Pastoral Group, but when it was sold to One Tree Agriculture in 2016, it was converted into a dryland cropping operation and expanded with the neighbouring Moreville.

The Toobeah district’s annual average rainfall sits at around 500-550mm, with around 30pc of it falling in the winter crop growing season which runs from April to September.

Featuring direct frontage to the Macintyre and Weir rivers, the Kinbeachie Aggregation is watered by dams and several seasonal creeks supported by a combination of natural and engineered drainage.

The high-quality infrastructure includes three homes, a manager’s residence, a cottage, staff quarters, numerous sheds, cattle yards, a shearing shed, and 5320 tonnes of grain storage.

Kinbeachie is offered for sale by expressions of interest closing November 28 by LAWD agents Danny Thomas, Simon Cudmore and Jaclyn Hope.

Walteela, NSW

Rob Topfer and Becky Sparks have relisted their highly developed irrigation, dryland and grazing property fronting the Murrumbidgee River in New South Wales’ eastern Riverina.

The 1029ha Walteela, located 13km west of Wagga Wagga, is an aggregation of adjoining properties Walteela and Fletchers, and is expected to fetch around $32M.

Walteela was offered to the market in November 2022 and withdrawn six months later after failing to sell following an EOI campaign.

Since then, the vendors have continued to invest significant capital expenditure into developing the working infrastructure, irrigation and additional water entitlements.

Walteela features 2.5km of Murrumbidgee River frontage. Photo: LAWD

Boasting 2.5km of Murrumbidgee River frontage, it is positioned on the high bank, which means it is flood protected.

Featuring a range of soil types, the main enterprise is irrigated hay and silage and dryland lucerne, wheat, forage crops and improved pastures capable of running 500 cows.

Walteela has more than 2000ML of water entitlements including a 1555ML Mid Murrumbidgee zone three alluvial groundwater source and a 635ML regulated river water source, as well as nine bores.

Around 304ha of spray irrigation are under nine pivots, with plans and clearing completed for an additional two pivots to further expand the irrigation area by 120ha.

Infrastructure includes a four-bedroom home, steel cattle yards, numerous sheds, a four-stand shearing shed and 11 silos with more than 500t of grain storage.

The EOI campaign is being handled by LAWD agents Col Medway and Tim Corcoran.

Orange Grove, NSW

A local family has listed its signature Southern Riverina holding for $19.5M.

The 909ha Orange Grove is situated 15km from Culcairn and 40km from Albury in southern NSW.

Described as highly productive, the mixed farm is suited to cropping and pasture production for cattle and sheep breeding.

Corcoran Parker agent John Honeychurch said properties between Albury and Culcairn rarely come to market.

“While good local interest is anticipated, Orange Grove is likely to draw strong inquiry from corporates and larger farming families.”

Around 95 percent of the flat to undulating country is arable and currently growing oilseeds, cereals and legumes in rotation.

Orange Grove is watered by dams and a bore.

Infrastructure includes an historic four-bedroom home, a renovated four-bedroom manager’s residence, four self-contained cabins, a shearing shed, steel cattle yards and numerous sheds.

Myallawa, NSW

Marty and Hannah Short’s mixed farm in the Western Plains region of NSW has returned to the market with a $3.15M ($1740/ha) price tag.

The 1811ha Myallawa, situated 21km from Carinda and 48km from Walgett, is described as a quality breeding and fattening block with the ability to produce high yielding crops in season.

It failed to sell at auction in March last year and is now being offered as an expansion opportunity by LAWD and GPS Rural.

Around 728ha of the heavy grey alluvial clay soils and red-brown earths is arable, with potential to develop a further 501ha.

The balance is mostly native grasses with clover burr capable of running 1800 ewes.

Myallawa sits 21km east of Carinda, and includes 728ha of arable farming country, with potential to develop a further 501ha. LAWD

Beneficial flood-outs from the Nedgera Creek combined with positive seasonal conditions have resulted in an abundance of feed.

Potential carbon and biodiversity credits have been identified in demand habitats including the Western Plains and Floodplain Transition Woodlands.

Reliable water is supplied by a capped and piped artesian bore, a creek system and four dams.

Infrastructure includes a two-bedroom workers quarters, steel sheep yards, cattle yards and numerous sheds, with new exclusion fencing on the northern boundary.

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