INSTITUTIONAL investors are showing significant interest in a large-scale irrigated mixed farming opportunity in northern Victoria, anticipated to make more than $60 million.
The Torrumbarry Farms Aggregation, comprising five contiguous holdings, is situated in the Loddon Mallee region, adjacent to the Murray River and 16km from Echuca and 62km from Deniliquin.
The operation is underpinned by significant water entitlements including 2113ML from the Murray and Goulburn Rivers, supported by multiple on-farm water storages totalling 1350ML.
The 4031ha holding was purchased three years ago by Australian Fresh Milk Holdings, one of the country’s biggest dairy farming operators, for $40M.
It is being offloaded following the purchase of the Ladysmith Feedlot, near Wagga Wagga, which is closer to AFMH’s two milking platforms.
Since 2020, Torrumbarry Farms has undergone extensive development to enhance production and maximise cropping efficiencies.
Located in a 427mm annual rainfall region and benefited by fertile soil types and natural drainage, the aggregation is currently growing wheat, barley, canola, silage and fodder crops to support the company’s dairy heifer-raising platform.
Almost half of the country, or 1887ha, is irrigated and consists of 1111ha of centre-pivot/lateral-move irrigation and 776ha of laser-levelled flood irrigation.
There is 1636ha of dryland cropping, with the balance grazing, remnant vegetation and support land.
Improvements are described as high quality, and include machinery and hay shedding, 450t grain silos and nine homes.
Future growth opportunities include potential for development to horticulture and high-value cropping pursuits such as permanent crops and viticulture.
LAWD agents Danny Thomas and Erica Semmens have been appointed to sell the Torrumbarry Farms Aggregation which is being offered for sale by expressions of interest closing on August 10.
Some of the finest soils on Queensland’s Darling Downs are attracting strong inquiry from established local farmers and those from the Western Downs.
The 775ha Glenmore Aggregation comprises three neighbouring properties: 389ha Glenmore, 260ha Hawthorne and 125ha Janyne located 8km south of Pampas, 20km east of Millmerran and 42km from Pittsworth.
It has been held for eight years by Longreach producers James and Susie Milson who recently paid $3.6M for land north of the Landsborough Highway that once formed part of the Longreach Pastoral College.
Combined, there is 745ha of cultivation country with the balance consisting of river frontage. Soils vary from deep black self-mulching black clay soils, with 30ha of red loam soils on Glenmore.
Around 110ha is planted to wheat, included in the sale, and the balance is fallow with 25ha of red loam pasture country that could be cultivated and cropped.
There is 20ha of timber and lagoon-frontage country.
It is watered by an equipped bore and the infrastructure includes 490t of grain storage in four silos, a machinery shed and cattle yards.
Glenmore features an historic Lutheran church and a hall built by the Uebergang family who once owned the property.
Around 80ha is planted to wheat, included in the sale, with the balance long fallow ready for summer- crop planting.
There is 10ha of Condamine River frontage and an equipped bore.
Infrastructure includes two homes, numerous sheds and 165t of grain storage.
More than 40ha is planted to wheat, included in the sale, with the balance long fallow ready for summer cropping. It is watered by two equipped bores and has a five-bedroom home, sheds and 330t of grain storage.
Matt Cleary from RWR Toowoomba is handling the sale of the Glenmore Aggregation which is being offered as a whole prior to auction. If it is not sold, the three properties will be auctioned separately on August 4.
Mt Walker, CQ
There has been strong local inquiry for a quality mixed-farming operation in Central Queensland that will be auctioned on July 21 by RBV Rural.
Mt Walker is situated at the base of the Huntley Range, 38km west of Dysart and halfway between Clermont and Capella.
It is being sold by Tom and Amy McPhail and Bruce and Lyn Garside to dissolve a business partnership.
Of the 1179ha, around 275ha are arable with the balance used for grazing.
Benefitting from a good seasonal start, the fertile, heavy black soils have a good range of depth.
They are currently growing 180ha of chickpeas and more than 80ha of wheat (included in the sale) and 16ha of forage – which 45 cows and calves have rotated through twice.
The grazing country is carrying a large body of feed including buffel and Mitchell grasses.
Agent Matt Beard said Mt Walker is a lovely piece of country that is well improved and in a desirable location.
“It is a safe mix of versatile country that allows for a multitude of farming options including cereal cropping, paddock subdivision and installing more watering points.”
Located in a reliable rainfall area, Mt Walker is watered by three bores and two dams.
The infrastructure includes a three-bedroom home and a number of sheds.
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