Blue chip farms worth more than $400m storm the market

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Large-scale offerings hitting the market include Sandmount Farms in Victoria’s Murray Valley, Upton Farms in northern NSW and the NT’s Mount Doreen Station.

More than $400 million of premium livestock, cropping and horticultural properties have hit the market in February as farming families and corporate investors look to divest in the face of record commodity prices, bumper harvests and a deep pool of cashed-up buyers.jointly owned by the Costa family and chaired by Costa Group co-founder Robert Costa, has put the 6,298-hectare Sandmount Farms portfolio in Victoria’s Murray Valley region up for sale with price expectations above $250 million.

Joining the premier offerings, and expected to sell for more than $60 million, is beef-producing powerhouse Upton Farms. It comprises four nearby properties totalling 2,668 hectares to the east of Walcha, in the Northern Tablelands of NSW. Mr Meares called the offering “some of the most highly improved and best-presented livestock fattening holdings in Eastern Australia”.“Given the shortage of quality properties for sale, and the strong demand for the same, it is expected that Upton Farms will sell at above-land market rates, reflecting yields being achieved from such high-volume production levels,” Mr Meares said.

More recently it’s been operated by brothers Matthew and Shane Braitling, grandsons of William and Doreen. Also heading to market is former Argo Investments director Robert Rich, who has listed the 2393ha Girrakool and North Pomeroy near Goulburn in high rainfall country in the NSW Southern Tablelands.

 

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