Queensland cropping farms Tooroora at Dirranbandi and Dalby aggregation set for multimillion dollar windfall

More fuel has been added to the Queensland cropping farm market with two new major properties listed for sale - and they’re expected to fetch millions.

Two key southern Queensland farm holdings have hit the market, with each set to record multimillion dollar windfalls as the value of Australian cropping farms booms.

A 6677ha blue-chip, lower Balonne irrigation and dryland farming property is up for grabs, located at Kilcummin Road, Dirranbandi.

The Tooroora farm has been owned by the Sullivan family for the past 18 years.

Since 2004, Martin and Karen Sullivan have used 4028ha for dryland farming with this year’s 530ha cotton and 250ha mung beans rops to be included in the sale.

Nutrien Harcourts Queensland sales consultant Andrew Jakins said the Tooroora farm had one of the best reputations in the district.

“The farm has a very good reputation as one of the better farms in one of the better locations in the lower Balonne region,” he said.

“It was one of the first irrigation sites south of the St George River and has one of the biggest accesses to water.”

Tooroora farm aggregation

Mr Jakins said with the size and quality of the holding he was expecting both corporate and family farming operations who were looking to expand to be interested in purchasing the farm.

Tooroora also holds significant water rights, with an irrigation water licence of 2262ML Nominal Volume, sourced via allocations out of Belah Creek on the Lower Balonne Zone LBU-04 and licenced overland flows.

These rights are also paired with three cells at a capacity of 12,800ML water storage.

The farm is for sale via auction at the Royal Hotel, Marshall Street, Goondiwindi on April 21.

Further north a 2300ha prime broadacre farm, located 10km from Dalby, in Queensland’s Western Downs region, is for sale.

Dalby farm aggregation

The farm is located at the southern end of the famed Jimbour Plain, home to some of Australia’s best farming soils.

The Dalby aggregation consists of 95 per cent arable land, with dryland cotton, sorghum, chickpea and cereal crops of wheat and barley all cultivated.

Smaller farms for sale in the Dalby district have been listed for sale with price expectations between $10,000 and $15,000 per ha.

However, the Dalby holding is also home to significant infrastructure with three registered and equipped bores alongside eight 280t silos adjacent highway access with total on-farm storage of 4000t.

Nutrien Harcourts rural property salesman Ross Murray is handling the deal, with expressions of interest closing April 22.

The two headline listings come after a Queensland family cropping farm was listed for sale and could fetch a reported $400m.

And an Australian investment company has purchased a 100 per cent ownership stake in an iconic Queensland cotton cropping station, buying out Chinese owners.