Renowned Riverina farming family to sell NSW farm for mid-$20m
A 1891ha “red meat powerhouse” in northern NSW has been listed for sale. See the details.
A renowned NSW Riverina farming family has listed a 1891ha grazing property in northern New South Wales after 10 years of ownership.
TA Field Estates, run by Sydney-based Michael and Angela Field, is selling Doughboy Mountain, a beef and sheep property located in the Wongwibinda district, 56km east of Guyra.
Purchased in 2015, the property is regarded as a red meat production powerhouse, currently averaging about 21,000 dry sheep equivalents made up of breeders and backgrounding cattle.
About 80 per cent of Doughboy Mountain comprises rich basalt soil types with undulating to hilly country and well-sheltered by both the undulation and scattered timber over much of the property.
For sale via expressions of interest closing April 3, the property is expected to field offers in the mid-$20m range.
“This is one of the best and comes to the market at a time when forecasts for red meat demand have never been stronger,” Nutrien Boulton’s Walcha agent Bruce Rutherford said.
“Altitude is a feature of Doughboy Mountain with much of the property rising from around 1200m to a top of 1495m above sea level at the Trig.
“From the top of the Doughboys, spectacular 360-degree views give rise to many New England landmarks.
“The cool temperate climate in this area is ideal for pasture production. Pastures on Doughboy Mountain are an impressive and well balanced mix of both productive native and introduced
species.
“Cocksfoot, fescue and clovers respond well to a top dressing program which has been a feature of the property since the 1950s. This property was one of the first in New England to be top dressed.”
At Doughboy Mountain there is a four-bedroom homestead with cathedral ceilings, timber floors and open fire places.
Existing infrastructure also includes a one-bedroom cottage, a four-stand shearing shed, sheep yards, steel cattle yards, numerous sheds and a 50-tonne fertiliser silo.
The Field family’s enterprise farms across more than 56,000ha in the Riverina and almost 20,000ha in the state’s north.
Its origins date back to 1906 after TA Field purchased a property at Grafton, then moved into the Riverina in 1912, forming a partnership with the Vickery family until 1936, to purchase Willandra, a Merino stud near Hillston.
TA Field Estates’ key Riverina assets now include the 52,000ha Wyvern Station, southwest of Griffith, owned by the family since 1946.