Picardy Station at Dysart in Qld for sale by Tiverton Agriculture
The Melbourne-based investment company is selling the 10,619-hectare property which has been converted from beef to cropping.
A Queensland cattle station that has been converted to mostly farming has hit the market with an asking price of more than $60 million.
The 10,619-hectare Picardy Station at Dysart, north of Emerald, is being by offered by Melbourne-based Tiverton Agriculture.
Picardy has been transformed over the past four years from principally a cattle breeding and finishing property to a large-scale dryland farming operation, growing sorghum, chickpeas and cover crops.
About 74 per cent of the property is arable with 2800ha of non-arable land highly suited for cattle.
Picardy is the latest in a string of high-profile rural property listings in northern Australia.
Last month, former Australian Agricultural Company chairman Nick Burton-Taylor listed his 210,000-hectare Bellevue and Nychum stations near Chillagoe, northwest of Cairns, for more than $35 million, while Stanbroke Pastoral Company announced plans to offload its 438,000-hectare Miranda Downs Station at Normanton with expectations of $150 million.
These listings are in addition to billionaire mining magnate Gina Rinehart’s offering of seven cattle stations, covering almost 1.9 million hectares, in Western Australia and Queensland which could fetch as much as $300 million.
According to its website, Tiverton invests in “diversified food production assets and other businesses that align with their strategy of combining regenerative agriculture, biodiversity solutions and natural capital value for superior returns”.
It said Picardy “utilises large-scale regenerative agronomic systems to grow productive crops and build soil carbon” and boasts “very good quality topsoil with an above-average Cation Exchange Capacity.
“This provides elevated moisture-holding capacity and a high-quality supply of natural mineral content,” the website reads. “This insulated against dry finishes to cropping program with even a 1 per cent increase in Soil Organic Carbon allowing the soil to hold 150,000 litres/ha more moisture than the top 10cm.”
The sale, by expressions of interest, is being handled by LAWD senior directors Danny Thomas and Col Medway.
They described it as “a unique dryland farming and grazing enterprise based on highly favourable soil types, topography and fit-for-purpose operations improvements”.
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