Church of Jesus Christ of Latter-Day Saints to sell the farm in $120m deal

UPDATE: A FARMING corporation associated with the Church of Jesus Christ of the Latter-Day Saints will sell four properties.

Fence

UPDATE: A FARMING corporation associated with the Church of Jesus Christ of the Latter-Day Saints is planning to sell four irrigated NSW properties.

AgReserves Australia Ltd, based at Kooba Station near Darlington Point in the Riverina, has entered into talks with potential buyers for the sale of the properties.

AgReserves Australia is a company associated with the Mormon church but not owned by the religious group.

The company’s rural manager Ren Fairbanks said he was only authorised to make a brief statement by the church on the sale of 46,500ha of livestock and cropping properties: Kooba, Bringagee and Benerembah stations on the Murrumbidgee River south of Griffith and Booberoi Station on the Lachlan River near Condobolin.

“As part of a realignment of company operations and assets, AgReserves Australia is seeking a buyer for 47,000ha of NSW (comprising) Kooba station, Bringagee, Benerembah and Booberoi,” the company said in the authorised statement.

“We are in contact with organisations known to us that might have an interest in mixed cropping operations.”

The Church of Jesus Christ of the Latter-Day Saints bought the properties in January, 1998.

The church owns a vast portfolio of farming properties in the US, Canada, England and Mexico under the AgReserves, Deseret Farms and other names.