This article is from the Australian Property Journal archive
PRIMEAG Australia has paid $47 million for a portfolio of cropping lands in northern New South Wales and Queensland.
PrimeAg’s executive chairman Peter Corish said the Darling Downs purchase comprises nine properties encompassing a total of 8,662 hectare.
“This investment aggregates 6,580ha of dryland cropping and 1,300ha of irrigated cropping lands with the balance being grazing and service areas.
“The properties are in two primary groupings with seven properties near Bongeen on the eastern Darling Downs and two properties located north of Dalby at Warra on the northern Darling Downs. The dominant crops will be grains, pulses and cotton,” Corish added.
Through its property acquisition program, across its five hubs, PrimeAg now holds 39,750ha of land, which includes 10,500ha of irrigable land and 18,000ha of dryland cropping land. 11,250ha is applied to grazing, green belts, riparian reserves, roads, fences, and general service areas, some of which is suitable for being brought into crop production.
Australian Property Journal
