This article is from the Australian Property Journal archive
MAJOR dairy farming operator Australian Fresh Milk Holdings (AFMH) is hoping to bank more than $60 million from the sale of a 4,000-hectare Victorian aggregation.
Located adjacent to the Murray River in the Loddon Mallee region of northern Victoria, the Torrumbarry Farms Aggregation recently became surplus to requirements, according to The Weekly Times, after it acquired a dairy heifer rearing property.
AFMH has used the Torrumbarry Farms Aggregation for wheat, barely, canola, silage and fodder crops to support a dairy heifer raising platform.
LAWD agents Danny Thomas and Erica Semmens have the listing. Expressions of interest close Thursday, 10th August.
They said extensive land class development in recent years have transformed the aggregation, greatly enhancing production and maximising cropping efficiencies.
It spans 4,031 hectares in total, of which 1,887 hectares has been developed to irrigation, while 1,636 hectares has been developed to dryland cropping and the balance comprises grazing, remnant vegetation and support land.
Future growth opportunities include the potential for development to horticulture and high value cropping pursuits such as permanent crops, viticulture and annual cropping.
The aggregation has a significant volume of secure water, including 1,939 megalitres of high reliability Murray Zone 7 and Goulburn 1A and 174 megalitres of low reliability Murray Zone 7 water entitlements, as well as multiple on-farm water storages of a combined 1,350 megalitres, incorporating capacity to store excess water following high rainfall and river flow events.
It has a reliable annual rainfall, at an average of 427 millimetres, and natural drainage throughout.
Structural improvements include machinery shedding, hay shedding, grain silos of a 450- tonne combined capacity, fertiliser storage, office, sundry rural shedding and nine dwellings, including lifestyle properties with Murray River frontage.
