A FIFTH-generation family farming operation has expanded its area with the purchase of an historic mixed-farming operation in north-western New South Wales that has been sold by another fifth-generation family.
The sale of the 2461ha Dowra, 37km west of Moree, ends 122 years of McIntosh family ownership.
Moree Real Estate agent Terry Adam was unable to disclose the purchaser or the price paid, but said the expressions-of-interest process achieved a good result in line with current market values.
In April, vendor Michael McIntosh told Grain Central that Dowra was “good value for money country, with the farming land likely to make $9600 to $9700/ha and around $3000/ha for the grazing country.”
The property is mostly level with heavy black self-mulching soils and gingham flood plains.
Around 1720ha is arable and grows wheat, barley, chickpeas, faba beans and sorghum, but the country is also suitable for cotton.
Mr McIntosh said in the run of very dry years, in particular from 2013 to 2019, the only year a crop wasn’t harvested was the extreme drought year of 2019.
Eight silos have a total capacity of 2340 tonnes and there is a 550t bulk shed.
The balance of the country, around 741 hectares, is capable of running 2000 sheep and 400 cattle.
Dowra features steel yards for both sheep and cattle, an historic 150-year-old shearing shed renovated in 1987, a four-bedroom homestead, a two-bedroom cottage and a large shed.
The property is well watered by six bores with seven dams used as a back-up source to collect any overflow.
The sale of Dowra included 700ha of wheat and 200ha of faba beans.
A broadacre cereal cropping and grazing property in Victoria’s highly regarded Central Millewa farming district has been split up and sold to two near neighbours for around $2.2 million or $1424/ha.
The 1538ha Glenevin is situated near Werrimull in the Bambill district.
It comprises two adjoining properties: 710ha Glenevin North, and 828ha Glenevin South.
Owned by Kevin and Glenda Fox, the cereal-producing property has fertile soils and a strong fertiliser input and application history.
It is also suitable for hay production.
As well as growing wheat, barley, oats, vetch and lupins, Glenevin operates a prime lamb and wool producing enterprise.
During the expressions-of-interest campaign, Marty Deacon from Elders Deacon Real Estate and Michael Fernandez from Nutrien Harcourts described Glenevin as well managed, providing scale, versatility, operational efficiencies and agronomic farming practices.
Situated in a 280-300mm annual rainfall area, water is supplied by Lower Murray Water, separate water meters, receiving tanks and troughs in all paddocks.
Improvements on Glenevin South include a shearing shed, yards and a machinery shed.
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