Russell Tait and Vicki Meyer to sell premier Deniliquin farm, Gundagurra

The owner of a major freight company is selling his 3625ha aggregation which could field offers worth $25-$30 million-plus.

THE partnership behind one of Australian agribusiness’s leading freight companies is selling its major mixed farming enterprise, near Deniliquin in the NSW Riverina.

Russell Tait and partner Vicki Meyer, who own and operate Deniliquin Freighters, are selling the 3625ha Gundagurra farm, which is expected field offers worth $25-$30 million or more.

Almost 40 years ago Mr Tait, the chair of the Deni Ute Muster, moved to Deniliquin where he started his business and became a key pillar in the community.

Mr Tait’s Gundagurra, which was acquired and amalgamated during the past 20 years, is for sale as a whole or in six adjoining lots including: Gundagurra (433.32ha), Bluebell (281.33ha), Boundary Park (435.85ha), Prosperity (371.01ha), Gollops Run (1262.3ha) and Pretty Polly (841.92ha).

Nutrien Harcourts Deniliquin selling agents James Sides and Jake Freshwater are handling the sale with Mr Sides describing the property as one of the finest he has seen.

“I couldn’t recommend this property more highly, it really is a farm of epic proportions,” Mr Sides said.

The six-farm Gundagurra aggregation near Deniliquin is for sale.

“With its rich and diverse soils and the opportunity for development, it offers dynamics not seen on the market in our region in recent years.

“Russell and Vicki are highly regarded in our community, thanks to the way they contribute to Deniliquin, but they have decided to pursue their off-farm business interests.”

During their tenure Mr Tait and Ms Meyer have used about 3000ha of alluvial, self-mulching and soft loam soils for cropping with 1000ha of modern lasered irrigation, full recycle networks and water from the Murray River system and deep bores.

DENILIQUIN

GUNDAGURRA

Property: mixed farming

Size: 3625.73ha

Sale: expressions of interest closing April 13 at 3pm

Price: $25-30 million-plus

Agent: Nutrien Harcourts Deniliquin

Contact: James Sides, 0427 236 791 and Jake Freshwater, 0418 586 417

Among summer and winter crops including rice, wheat, barley, oats, sub clover and lucerne, Gundagurra has run about 3800 sheep, plus 230 cows and calves plus replacements during the past decade.

Additional livestock numbers are turned off on a rotation basis annually.

Water access and supply is also a key feature at Gundagurra, which Mr Sides said opened the door for irrigation development to grow cotton crops or permanent horticultural plantings such as avocados or nuts.

The aggregation has been used for summer and winter cropping and carry sheep and cattle.

The aggregation has a combined extraction limit of 2889ML plus carry-over per annum, 64ML daily extraction capacity and 95ML daily extraction capacity from the Murray River System.

Another 1489 units of permanent Lower Murray Bore water will be available to the purchasers in addition to the land purchase.

Existing infrastructure includes two homes set in established gardens, a worker’s cottage and a three-bedroom eco hut.

There is also mostly new machinery shedding, three hay sheds, three woolsheds (including one which is new), a three-stand raised board, three sets of sheep yards and two sets of cattle yards.

There is 52km of exclusion fencing installed alongside supporting silo infrastructure at Gundagurra, which is located 14km from Deniliquin and two hours drive from Albury.