Canola this year accounts for 1212ha of the Maxwell Ag Portfolio’s cropping program. Photo: LAWD

NEW to the market in southern New South Wales are the Maxwell Ag Portfolio west of Barmedman and the irrigated Gillenbah Aggregation west of Narrandera.

Maxwell Ag Portfolio

An institutional-scale cropping portfolio on the South West Slopes of New South Wales is expected to make more than $33 million.

Comprising seven holdings across 4177ha, the Maxwell Ag Portfolio is located near Ariah Park, between 5km and 25km west of Barmedman, 27km south of West Wyalong and 39km north of Temora.

The aggregation includes 649ha Bullicourt, 384ha Glenora, 780ha Kaloola, 721ha Kobyboyn, 337ha Kurrajong Park, 901ha Morrilla and 405ha Oakrise.

It is being offered for sale as a whole or in individual combinations via expressions of interest closing on September 10.

Vendors Graeme and Leah Maxwell have assembled the portfolio over the past 15-20 years, developing a cropping business based on a simple but effective four-way rotation.

“We grow faba beans, canola, wheat and barley which provide good weed control,” Mr Maxwell said.

“At present, the crops couldn’t look better, and fertiliser and fungicide are being applied aerially to keep them performing well.”

Around 88 percent of the land, or 3672ha, is considered arable and features fertile red and brown earth soils mixed with free-draining sandy loams.

The 2026 cropping program consists of 1212ha sown to canola, 528ha to wheat, 1305ha to barley and 570ha to faba beans.

Mr Maxwell, a fourth-generation farmer, said internal fences have been removed to create large open paddocks suited to dryland production.

“Canola yields have been as high as 3t/ha and average between 1.5t/ha and 2.5t/ha, barley yields have reached 8t/ha and average 3t/ha to 4t/ha, while wheat yields average 2.5t/ha to 4t/ha,” Mr Maxwell said.

The Maxwell Ag Portfolio is made up of seven farms totalling 4177ha. Photo: LAWD

LAWD agents Col Medway and Tim Corcoran have been appointed to handle the sale.

Mr Medway said the opportunity was expected to attract strong interest from corporate investors and established farming businesses, including local and neighbouring landholders seeking immediate scale through a turnkey cropping enterprise.

“Developed over decades into an efficient cropping enterprise, Maxwell Ag is one of only a few family-owned operations of this scale in the region to come to market,” Mr Medway said.

Mr Corcoran said the dryland properties are highly complementary and together offer significant scale.

“Operational efficiencies have been achieved through the strategic combination of the individual assets, creating a high-performing farming layout spanning 22km from east to west,” Mr Corcoran said.

Situated in a 499mm average annual rainfall region, the Maxwell Ag Portfolio is watered by more than 60 dams and four Golden Fields mains connections.

Infrastructure includes three residences, two shearing sheds, sheep and cattle yards, grain storage, and numerous sheds.

Gillenbah Aggregation

An irrigated and dryland cropping asset on the Murrumbidgee River in the Riverina region of NSW is expected to attract offers in the high $20M range, with agents highlighting its prime cropping capacity and further development upside.

The 2806ha Gillenbah Aggregation comprises the historic Gillenbah Station and adjoining Eurolibah Station, 11km west of Narrandera and 85km south of Griffith.

They are being offered for sale by a German family who purchased Gillenbah in 1999 and Eurolibah in 2012.

Situated on the Murrumbidgee River floodplain, the relatively flat holding features fertile alluvial soils suited to irrigated and dryland production.

Around 81pc of the landholding is arable, including 656ha of laser-levelled flood irrigation.

The operation is underpinned by 4387ML of water entitlements, comprising 1944ML of Murrumbidgee River general security water, 408ML of supplementary water, 2017ML of Lower Murrumbidgee deep groundwater and 18ML of stock and domestic water.

The Gillenbah Aggregation includes the historic Gillenbah Station west of Narrandera. Photo: LAWD

Currently focused on irrigated and dryland cotton, cereals and oilseeds, the enterprise also offers flexibility to integrate grazing as part of a diversified farming system.

There is also scope to develop a further 1087ha for irrigation, including potential horticultural use.

LAWD’s Col Medway said Gillenbah Aggregation’s location, water assets and development flexibility should attract strong buyer interest.

“Access to both ground and river water, combined with favourable topography and soil types, makes Gillenbah Aggregation a prime opportunity for further development,” Mr Medway said.

“It has the potential to expand irrigated row cropping or be converted to permanent plantings, such as edible nuts, citrus or olives.”

An extensively developed irrigation system distributes surface and groundwater across the aggregation via an open reticulated channel network.

Water access is complemented by 4km of Murrumbidgee River frontage, 8km of Yanco Creek frontage and two bores, supported by 443mm of average annual rainfall.

Infrastructure includes several accommodation options, including the historic Gillenbah homestead and a two-bedroom residence on Eurolibah, as well as a shearing shed, sheep and cattle yards, grain storage and numerous sheds.

Gillenbah Aggregation is being offered for sale by expressions of interest, either as a whole or as individual assets, closing September 10.

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