Scorching day delivers hot prices at sale
An on-property clearing sale of extensive farming and cropping plant at Bennelong at Barham has realised more than $1 million.
The property was sold recently by Ruralco Property for a price in line with the preauction forecast of $8.5 million.
Bennelong is 2020 ha and has a direct frontage to the Murray River of about 4 km.
Originally held under long ownership by a district pastoral family, Bennelong has been owned and developed since 2005 by the Hazeldene family, who have a major integrated chicken production business at Lockwood, west of Bendigo.
Bennelong was purchased by the dryland-farming Riley family from Donald, to provide a multi-generational family farming future as an irrigation property.
It was sold inclusive of a general security water irrigation right licensed for 2140 Ml of water from the Murray. The irrigation entitlement is accessed by two fully equipped pump stations.
The property has more than 840 ha of cropping centred on wheat, barley and faba beans.
There is also a livestock grazing operation of up to 200 head of breeding cattle run with Charolais bulls and a Dorper sheep flock of 1500 ewes and lambs.
Ruralco Property selling agent John Morris from the Kerang office said the Bennelong clearing sale on February 10 was an outstanding success.
‘‘Notwithstanding the 47 degree day, we put the attendance at about 800 who came from near and far to bid on a very good portfolio of plant and equipment,’’ Mr Morris said.
‘‘We even sold the Piper Lance aircraft that belonged to the original vendor, Peter Hazeldene, for a very reasonable $40 000.’’
Mr Morris said Bennelong was in a coveted Murray River location with the benefit of significant productivity and scope to add further value. Despite the 40 degree-plus day, the clearing sale at $1 million. The property was sold before the February 10 clearing sale.
Hot stuff . . . Bennelong at Barham grossed more than