Warren aggregation draws strong interest

Emma Alsop, March 10, 2023

The 360ha of irrigation on Part Mundooie and Back MacKenzies has produced cotton for the past three years. Photo: Nutrien Ag Solutions Wilson Russ

THERE has been strong early interest for the 3998ha aggregation, Part Mundooie and Back Mackenzies, with a diverse line-up of prospective buyers seeing the appeal of the multi-commodity holding.

The operation currently grows irrigated cotton and dryland crops, as well as grazing cattle, and is being sold by the Campbell family, which purchased the aggregation’s first blocks in the 1920s.

Located north of Warren on the Macquarie River in central New South Wales, the offering is a non-contiguous aggregation featuring two standalone properties Part Mundooie (2829ha) and Back Mackenzies (1168ha).

About 360ha has been laser-levelled and developed for flood irrigation, and a further 800ha is suited to dryland cropping.

The balance is used for dryland grazing, and ranges from soft red country to heavy chocolate flood plains.

The aggregation is estimated to have a carrying capacity of 6750-7500 DSE.

Benefits of diversity

Nutrien Ag Solutions Wilson Russ agent Ashley McGilchrist said the aggregation was a “true mixed holding”.

He said the Campbell family had developed Part Mundooie and Back Mackenzies to operate as two independent but complementary enterprises, and the cropping and grazing operations enable the owners to capitalise when prices are high for a particular commodity.

“[They’re] able to take advantage of the different commodities,” Mr McGilchrist said.

“When cotton is going really well it can be the golden-haired child, or when the beef cattle has been doing as well as they have been, then that can be the money maker.

“They work hand in hand well.”

Mr McGilchrist said the diversity of the holding has drawn interest from people looking to purchase part of the aggregation.

“I’ve got potential prospects that are looking at one, two or the whole.

“There are people that are interested in it just grazing country for the cattle and…then the irrigation area plus flood out is in another section.”

Water is a key feature of Part Mundooie and Back Mackenzies. Photo: Nutrien Ag Solutions Wilson Russ

Strong demand for Warren country

He said the scale of Part Mundooie and Back Mackenzies, either in separate blocks or as an aggregation, has also sparked the interest of potential buyers.

“There’s basically not a lot on the market in this area.

“Generally, when something does come on the market in the Warren Shire, it’s been keenly sought after, either by people trying to get into the area or just the locals that are just building on their existing holdings.

“For this property, there has been a lot of local inquiries, plus a lot from out of the district.”

The properties feature a range of improvements which support the cropping and grazing enterprises.

These include four silos, several machinery, hay and storage sheds, three lots of accommodation, and functional livestock infrastructure, such as cattle yards, crush and loading ramp.

The water infrastructure is also up to date and features two electric bores and a solar pump.

Part Mundooie and Back Mackenzies is being offered via expressions of interest closing on March 28.


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