Prime farm up for grabs

NewsMail - Wide Bay Rural Weekly - - News -

ONE of Aus­tralia’s largest hor­ti­cul­tural op­er­a­tions, Ever­green Farms, in Cen­tral Queens­land, is be­ing of­fered for sale in a move ex­pected to gen­er­ate in­ter­est circa $70 mil­lion.

CBRE Agribusi­ness agents Danny Thomas, Ge­off War­riner, Chris Hol­gar and Thomas War­riner have been ap­pointed to sell the highly-pro­duc­tive, com­mer­cial-grade en­ter­prise, com­pris­ing 5077ha across two ad­join­ing prop­er­ties.

Lo­cated in Emer­ald, Ever­green Farms is a ma­jor sup­plier of menindee seed­less, flame seed­less and crim­son seed­less table grapes to sev­eral whole­sale agents that sup­ply su­per­mar­kets in­clud­ing Coles, Wool­worths, Aldi and IGA, as well as fresh food mar­kets in all cap­i­tal cities.

The en­ter­prise in­cludes 403ha planted to table grapes, 29ha planted to ly­chees, 353ha de­vel­oped and ready for plant­ing to pos­si­ble uses in­clud­ing ed­i­ble nuts, grapes, av­o­cado, cit­rus and berries, and dry­land and ir­ri­gated farm­ing ar­eas.

In ad­di­tion, there is a flood mar­gin li­cence to oc­cupy 1230ha ad­ja­cent to Fair­bairn Dam.

Mr Thomas said the prop­erty rep­re­sented an at­trac­tive op­por­tu­nity to cap­i­talise on Aus­tralia’s strength­en­ing agri­cul­tural mar­ket.

“Aus­tralia’s fresh pro­duce and grain in­dus­try is po­si­tioned for sig­nif­i­cant growth over the com­ing years, with Asian de­mand for safe, nu­tri­tious and fresh food con­tin­u­ing to in­crease,” Mr Thomas said.

“The re­cent free trade deals with China, South Korea, Ja­pan and the ASEAN coun­tries will fur­ther fa­cil­i­tate in­creased de­mand in this sec­tor.”

Ever­green Farms is po­si­tioned to ben­e­fit from growth in ex­port­ing, with its fa­cil­i­ties and staff au­tho­rised by the Fed­eral Govern­ment to dis­trib­ute and in­spect fresh pro­duce on-farm for ex­port.

Es­tab­lished in 1999, Ever­green Farms orig­i­nated after the ven­dor pur­chased a farm next to the Fair­bairn Dam. In the sub­se­quent 17 years, Pa­cific Cen­tury Group has in­vested more than $100 mil­lion to trans­form a cat­tle graz­ing block into an agri­cul­tural hub pro­duc­ing a va­ri­ety of pro­duce and grains for Aus­tralia’s largest fresh food sup­pli­ers.

The prop­erty also gen­er­ates rev­enue from cat­tle fat­ten­ing and ag­ist­ment, as well as wa­ter trad­ing which in­volves the buy­ing and sell­ing of wa­ter al­lo­ca­tions.

“Ever­green Farms presents an at­trac­tive op­por­tu­nity for in­dus­try par­tic­i­pants, new and old, to en­ter or fur­ther ex­pand into the agri­cul­tural sec­tor,” Mr War­riner said.

“This prop­erty of­fers scale and di­ver­sity, with guar­an­teed highly se­cure wa­ter sup­ply,” he said.

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