Property

Scale comes to market with Qld, NSW holdings

Linda Rowley, May 16, 2024

NILOC at Bobadah covers 2490ha and is an established mixed-farming property. Photo: McGrath Rural

THIS week we preview Ray Scott Pastoral Company’s six Queensland holdings ahead of public listing, as well as Merridale in southern Qld, and NILOC in central New South Wales.

Ray Scott Pastoral Company, Qld

High-quality and productive assets offering beef breeding and finishing and extensive dryland farming are being offered by the Mt Gambier-based Scott family.

Acquired over several generations and strategically expanded over the last 20 years, the Ray Scott Pastoral Company portfolio features geographic and climate diversity, with access to live export, feedlots and beef processing.

The 107,503ha aggregation comprises six properties and spans some of the most productive areas of Qld, from St George in the south to Charters Towers in the north.

The 28,555ha Fairfield Aggregation is considered the jewel in the crown and consists of 7536ha Fairfield North, 7859ha Fairfield Central and 13,160ha Fairfield South.

Located in the renowned Bauhinia district, it offers some of the most fertile country in Qld.

Ray Scott Pastoral Company’s assets cover 107,503ha of diverse Qld grazing and mixed-farming country. Photo: Elders

The 10,526ha Ingaby, situated on the Balonne River near St George, is a backgrounding property with centre pivot irrigation for fodder or finishing.

Mark Barber and Tom Russo from Elders Rural Services have been appointed to market the assets.

Mr Barber said the extensive arability of Ingaby and the Fairfield Aggregation provide enterprise diversity by way of large-scale dryland farming.

“Located in Central Queensland, the Fairfield Aggregation is ideally suited to producing large amounts of fodder and grain and/or growing out and finishing cattle from western and northern Queensland.”

The 59,517ha Carse O Gowrie Station on the banks of the Burdekin River near Ravenswood and the 8907ha Echo Hills Station near Surat are breeding properties offering development opportunities.

Mr Russo is anticipating all segments of the market will compete for individual parcels, a combination of assets and for the portfolio as a whole.

The sales process for Ray Scott Pastoral will formally launch in early June.

Merridale, Qld

A Queensland Western Downs mixed cropping and livestock property is being offered by sale by Rebecca Perrin after five years ownership.

The 1473ha Merridale is located 76km south-west of Millmerran and 86km north-east of Goondiwindi.

Nutrien Harcourts agent Andrew Jakins said interest is coming from locals and families from away.

“Merridale represents an ideal cash cropping or forage cropping and backgrounding property with versatile soils, strategic location and good access to markets.”

The gently sloping country has productive level soils, including friable belah, brigalow and wilga to reddish loams near the Yarrill Creek.

Currently 740ha is farmed for cash and fodder crops.

The winter crop, comprising mostly wheat and chickpeas, is about to be planted and will be included in the sale.

Merridale is located between Millmerran and Goondiwindi. Photo: Nutrien Harcourts

Around half of Merridale can be grazed by sheep or cattle on improved pastures, including buffel and rhodes, and natives such as Queensland blue grass.

The property has been thoughtfully developed with cattle camps and shade lines.

Merridale is watered by a private bore, supported by an average annual rainfall of 625mm.

Infrastructure includes three residences, numerous sheds, a two-stand shearing shed, steel cattle yards and 530 tonnes of grain storage.

NILOC, NSW

Retiring Greg and Heather Weber are offering their turnkey mixed farming operation in central NSW with a price guide of $5.5 million to $6 million.

The 2490ha NILOC near Bobadah, 45km west of Tottenham and 92km from Nyngan, has been held by the Webers for 17 years.

The property was named sometime around World War II and, if you haven’t figured it already, is COLIN spelt backwards.

The generally flat to rolling country offers a mix of cropping and grazing areas capable of running up to 2500 ewes and followers.

Currently destocked and supporting a solid body of feed, around 85 percent of NILOC is arable, with the vendors permitted to clear more country.

McGrath Rural agent Scott Petersen described the property as versatile, well managed and thoughtfully developed.

“After tremendous rain to start the 2024 season and good follow up falls last weekend, the rich red loamy soils are boasting a great moisture profile with the vendors planting more than 500ha to barley.”

NILOC is watered by 19 dams supported by a 432mm average annual rainfall.

Infrastructure includes two homes, cattle and sheep yards, a three-stand woolshed, numerous sheds and 625 tonnes of grain storage. There are more than 60km of new and near new fencing.

 

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