A THREE-PROPERTY aggregation with outstanding water entitlements in central New South Wales is to go under the hammer on April 9 to test the market for well-developed dryland and irrigated cropping country .
Being marketed by Ray White Rural, the offering includes the Corambie and Dungallon and the nearby Brae Park, which in total cover 3666 hectares, and have 7386 megalitres in water entitlements.
Located in the tightly held Narromine-Trangie district, the properties are being offered for sale by Corambie Farming, and include an accredited 999-head feedlot.
Corambie Farming’s partners include German-based investor Aquila Capital, and local investors Brian Kinsey, Warren Coventry and the Jackson Pastoral Company (JPC).
Ray White Rural Dorrigo principal John O’Leary and agent and JPC director Michael Jackson are handling the sale.
Mr Jackson said the property still offered plenty of potential for further development.
“It would be perfectly situated for a bigger feedlot operation,” he said.
“We’ve had quite a bit of interest in it already.”
The properties have 1031ha laser levelled and developed for row-crop and drip irrigation, supported by pumping and water-delivery systems and storages to hold 950ML.
Other infrastructure includes an agricultural airstrip, silo storage for 630 tonnes plus 800t in grain sheds, a substantial gravel deposit, staff residences and sheds.
The properties combined have 5713 megalitres of general-security water, and Corambie and Dungallon have a supplementary allocation of 413Ml, plus a bore licenced for 1146ML able to draw 12ML day, while the Brae Park bore pumps 2.5ML/day.
“With water increasing in value, this offers excellent long-term water security and reliability,” Mr Jackson said.
The aggregation has grown high-value irrigation crops, primarily cotton, with corn grown in rotation, and dryland crops have included wheat, durum, barley, canola and chickpeas.
The farms last year harvested cereal crops which yielded 4-5t/ha, and its soils comprise sandy and red loams through to heavy clays soils on Dungallon and Corambie.
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