Prime farm up for grabs
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.