Hoffmann family sell Dalriado at Culcairn as Riverina farms Torrensville and Culverly Rise sold

A mix of tightly held cropping and livestock country in the southeastern Riverina has changed hands in major deals.

Three tightly held NSW Riverina farms have changed hands in separate deals worth more than $25 million combined.

Located 26km from Corryong, the 272ha Torrensville farm at Bringenbrong has sold prior to auction to an undisclosed buyer.

An eastern Riverina farming family who have entered retirement were planning to sell the farm at auction on Friday, November 25 where it was tipped to make about $10 million.

The 272ha Torrensville farm at Bringenbrong was sold prior to auction.

The sale price was undisclosed but it is understood to have been in the expected price range.

The Upper Murray holding has 2km of Murray River frontage with the fully arable farm capable of carrying 220-plus breeding cows on clover and rye-grass pastures.

Elders Real Estate Albury David Gittoes, Reg Coulston and Alisha Fielder completed the deal, which saw interested buyers predominantly from the Riverina and Monaro districts.

Paul and Colleen Hoffman have sold 353ha of their 843ha portfolio at Culcairn, NSW

At Culcairn, northwest of Bringenbrong, the Hoffmann family have sold a 353ha slice of their Dalriado farm.

In September Paul and Colleen Hoffmann listed their 843ha portfolio for sale, which was expected to make more than $18 million.

In a deal worth about $8.411 million, the couple have offloaded the largest slice of their holdings to an undisclosed buyer looking to move into the district.

The Hoffmann’s have held Dalriado in the family since 1948, using the land for cropping while also carrying 1000 Merino ewes producing first cross lambs and a 100-head cattle breeding operation among 30,000 native trees planted.

LAWD’s Col Medway and Tim Corcoran completed the transaction.

A 134ha and 346ha slice of the Hoffmann’s Dalriado holdings remain on the market for $3 million and $7.276 million respectively.

Culverly Rise near Bungowannah was sold at auction on Friday in a deal including water entitlements

Finally, the 201ha mixed farm Culverly Rise near Bungowannah was sold at auction for $7.11 million inclusive of water entitlements.

At the Astor Hotel, Albury, on Friday an undisclosed local farming family bought Culverly Rise from the Bungowannah district owner.

Elders Real Estate agents Nick Myer and Henry MacKinnon and Inglis Rural Property agents Sam Triggs and Liam Griffiths handled the sale.

Mr Mackinnon said Culverly Rise generated a significant amount of buyer interest.

“The buyer pool for quality farmland underpinned by irrigation remains strong with multiple inspections completed from both local farming interests and investors seeking a rural bolt hole,” he said.

“The relatively low interest rate environment and strong commodity prices is underpinning investment in good quality farmland.”

At 95 per cent arable, Culverly Rise has been used to produce prime lambs, beef cattle production along with fodder, hay and dryland and irrigated cash cropping enterprises.

These notable Riverina farm deals come after the family named sheep farmers of the year at The Weekly Times Coles 2021 Farmer of the Year awards purchased a major pastoral farm near Deniliquin for $17.8 million earlier this month.