Cavour and Fairholme Aggregation tipped to make $80m-plus combined

A 3786ha Lachlan Valley aggregation and northern Riverina almond orchard with more than 200,000 trees could make $80m-plus combined.

The 3786ha Fairholme Aggregation is for sale and could make $33-$35 million.

Two separate first-class NSW farms have hit the market where they could field offers worth $80 million-plus combined.

In the northern Riverina at Euroley, US-based hedge fund Folium Capital is offering its 733ha almond orchard, with offers greater than $50m expected.

The property, managed by Sydney-based agricultural investment company Wealthcheck, was listed for sale in late 2020 and is now back on the market again.

Located about 45km (linear) southeast of Griffith, Cavour comprises more than 208,000 trees planted to a mixture of Nonpareil, Monterey, Wood Colony and Shasta varieties across 497ha.

There is 18ha of vacant plantable (irrigated) land and 29ha considered arable, with the balance of 189ha for grazing support.

Water at Cavour includes 314ML of high security entitlements, 3270ML of general security entitlements and 25ML of supplementary water entitlements via the Murrumbidgee River.

Additionally, the property has access to 232ML of Lower Murrumbidgee groundwater.

LAWD selling agents Danny Thomas and Elizabeth Doyle are handling the sale.

Meanwhile, about three hours north of Euroley, two first-class farms in central NSW have hit the market and could field offers in excess of $33 million.

The Fairholme Aggregation comprises two irrigated landholdings.

Spanning 3786ha near Condobolin in the Lachlan Valley, two separate vendors are offering their farms as an aggregation.

Comprising Fairholme (2358ha) and The Island (1428ha), the aggregation is expected to receive offers in the range of $33-$35 million inclusive of water entitlements.

The Fairholme portion of the aggregation is owned by a syndicate of local Condobolin farmers who purchased the property about six years ago.

Meanwhile The Island is owned by Sean Duggan, from Woodstock near Cowra in central west NSW.

Mr Duggan purchased the property about 10 years ago, and it is understood he wants to focus on his other grazing properties.

It has 3426ML of upper Lachlan alluvial groundwater, 1172ML of Lachlan River general security water, 184ML of Lachlan River general security water delivered via the Jemalong irrigation scheme included in the offering.

Existing infrastructure includes 700ML of on-farm water storage, centre pivot and linear move spray irrigation (830ha), flood and border check irrigation (387ha) with 2279ha capable of dryland arable cropping and 844ha identified as irrigation potential.

Ian Robertson and Danny Thomas from LAWD are handling the sale.