Property

Novel Cunyarie listing to test Upper Eyre Peninsula values

Grain Central, January 21, 2020

Harvest on one of the properties being offered for sale as part of the Cunyarie Collection on the Upper EP. Photo: Elders

A MULTI-VENDOR aggregation on South Australia’s Upper Eyre Peninsula (EP) has been put together to test values for this mixed-farming region which is enjoying new marketing opportunities for its grain.

Being marketed as the Cunyarie Collection, it includes 8800 arable and contiguous hectares.

It is valued in excess of $13.2 million, and is for sale via an expressions of interest campaign led by Adam Chilcott of Elders Real Estate.

The collection includes Holders Boundary, The Selection, Hogan’s, Emu Rocks and Country Life which have come to the market together on behalf of separate owners.

They range from longstanding farming families to those who have relocated their farming operations to the Upper EP this century.

“It’s unusual to get four vendors agreeing to sell together in order to extend the potential buyer range,” Mr Chilcott said.

The Cunyarie Collection includes significant infrastructure for sheep as part of a mixed-farming operation. Photo: Elders

Improvements across the spread include houses, machinery and fertiliser storages, shearing sheds and watering points and dams.

The Cunyarie Collection is situated around 50 kilometres north of Kimba, and includes access to the Cunyarie private water scheme, with farm-management services and plant and equipment negotiable.

The offering features a mix of red and brown clay loams transitioning to red sandy loams over clay, and grey/brown sandy loams over clay.

Expanding options

Cropping records indicate a general average yield for wheat and barley over the past 10 years of 1.6 tonnes per hectare across the Cunyarie Collection’s parcels.

It puts Cunyarie’s properties in an ideal position to capitalise on a broadening range of grain-marketing options from traders and accumulators.

They include accumulator T-Ports, which is expected to load its first vessel at Lucky Bay on EP’s east coast after opening its facilities at Lock and Lucky Bay last year.

It has already made a difference to the bulk-handling landscape, and Kimba Transport principal Daniel Gregory estimates well over  half the Kimba district’s grain from the 2019 crop has gone to T-Ports’ bunkers.

“We grow a lot of Hard wheat that goes H1 or H2, and the grain is very well sought after.”

Wheat proteins this season have been up to 14 per cent without screenings downgrades, and the crop was grown on below-average rainfall in 2019.

This kind of result shows Upper EP growers using varieties well suited to their soils and climate are increasingly being seen as  producers of high-grade wheat as well as barley, canola and pulses in favourable seasons.

“More companies are pushing hard to get grain from around here, which is good for the grower.”

 

 

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