Blue-chip cotton enterprise in northern New South Wales comes to market for the first time in 100 years.
JLL together with Nutrien Harcourts, are proud to list for sale the Parkdale Aggregation located in the highly productive farming region of Goondiwindi
SYDNEY- JUNE 30, 2020 –A cotton enterprise in one of Australia’s leading cotton producing regions of Goondiwindi, situated on the border of New South Wales and Queensland, has come to market enabling an incoming purchaser the opportunity to acquire an institutional grade farming enterprise underpinned by the added security of a large regulated water entitlement.
The Parkdale Aggregation straddles the Newell Highway, 15 kilometres south of the vibrant Border Rivers township of Goondiwindi, located in the heart of the fertile Whalan Creek floodplain.
JLL’s Agribusiness Director- Clayton Smith in conjunction with Nutrien Harcourts Andrew Jakins have been appointed to market the Parkdale Aggregation on behalf of the sole owner and local identity Wally Taylor, via an Expressions-of-Interest campaign.
Mr Smith and Mr Jakins said, “it is a privilege to be listing the aggregation on behalf of Wally Taylor who is a highly regarded identity in the Australian Cotton industry. Wally was one of the earliest cotton growers in the Macintyre Valley and his contributions to the agricultural sector are considerable. Wally was a Director of Namoi Cotton for 20 years until 2009 as well as a major contributor to the funding and implementation of the Pindari Dam extension completed in 1994.”
Mr Smith said, “This proven aggregation is an efficient, profitable and reliable irrigated cotton cropping platform which benefits from an enviable location and soft fertile alluvial soils. Considerable operational efficiencies are achieved via a mix of overhead trickle/sprinkler delivery, channel gate supply, traditional syphon flood irrigation and ease of management, all of which present a buyer with the unique opportunity to acquire a proven standalone enterprise.”
Mr Smith further highlighted significant water entitlements of over 8800 megalitres attached to the aggregation providing operational security, investment liquidity and the potential to benefit from a future increase in water values.
Mr Jakins said, “The Macintyre River is considered the lifeblood of the region. It is rare for such a large and highly prized water entitlement to be offered to the open market, let alone together with such a significant and high-quality land holding.”
Irrigation water is delivered via the Macintyre Irrigation Association South (MIAS) water scheme directly from the river to the Parkdale Aggregation storage dams. The MIAS channel enters the aggregation through two entry points located either side of the Newell Highway. Both regulated releases and flood harvesting water are then diverted by strategic lift pumps into the storage dams which total 5,350 megalitres in holding capacity.
The aggregation also holds two 60 megalitre irrigation bore entitlements in what is known as the Eastern Recharge GAB aquifer.”
Parkdale Aggregation is located within a climatic region known for receiving both summer and winter rainfall patterns, ensuring consistent production and seasonal flexibility in crop selection capable of both high yielding cotton and winter cereals.
Mr Taylor is now intending to scale back from his intensive rural activities and transition into a well-earned retirement.
Expressions-of-Interest for Parkdale Aggregation close on Thursday, 30TH July 2020 at 1pm (AEST).
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