AROUND $50 million is anticipated for a blue ribbon lamb production powerhouse and irrigated and dryland cropping opportunity in Tasmania’s Northern Midlands.

The 2683ha Logan is situated 20 minutes from Launceston and is has been owned by the Peltzer family for more than 70 years.

Given the highly secure water, fertile soils and excellent climatic conditions, the property lends itself to a broad spectrum of agricultural pursuits including intensive cropping, horticulture, grazing and dairying.

Logan offers first class irrigation with 602ha developed to centre pivots, with additional land earmarked for irrigation development which would further enhance production.

A standout feature is the gravity-fed irrigation system with a network of strategically placed dams, optimising efficiency by eliminating the need for pumping.

Around 1290ha can be used for grazing or dryland cropping, there is 689ha of undulating grazing and the balance comprises remnant vegetation and pine plantations.

LAWD senior director Danny Thomas said properties of this scale rarely come to market in the tightly held Evandale district.

“Since it was first settled in the early 1800s, Logan has had three owners and the Peltzer family, who have been custodians since 1950s, have developed it into a successful and progressive prime lamb operation.”

Mr Thomas said the turnkey operation will appeal to a range of buyers.

“Interest is likely to come from domestic and international corporate farming groups, institutional investors, existing landholders seeking expansion opportunities and high net worth individuals looking to secure a showpiece asset,” he said.

Vendor Michael Peltzer said irrigated white clover and brassicas are grown as fodder for Logan’s high-performance composite prime lamb flock.

“Weight gains of up to 430g/head/day are achieved in lambs on the irrigated fodder crops. The highly efficient ewes are joined at seven months of age and this year, only four percent were dry in the maidens and 1.4 percent in the mixed age ewes.”

The Peltzer family sells its pasture fed, antibiotic-free lamb throughout Australia as part of the Coles Graze Tasmanian Grassfed Lamb brand. It also has an alternative processing plant 20 minutes away.

In 2021, Angus, his sister Clare and their parents, Michael and Julie, installed the first Perkinz ShearMaster shearing shed in Australia. The New Zealand product is designed as a race system that delivers sheep to the shearer, rather than the backbreaking tradition of shearers physically moving sheep to their stands.

According to Angus, the five-stand ShearMaster shed, with 1100 head capacity, has increased throughput by 20 percent and shortened shearing times.

Clare Peltzer said it is time for the family to move on.

“Our family is proud of what it has achieved across the property; however, there is still scope for further development.”

The property boasts an extensive frontage to the Rose Rivulet and Jeffries Creek. Water is also secured from a 600ML licence from the Rose Rivulet and three dams with 2200ML of capacity.

Infrastructure includes an historic, circa 1880, five-bedroom homestead, a further four dwellings, a shearers quarters, a hunting lodge, the modern five-stand shearing shed, sheep yards, 240-tonnes of silo storage, a 70t fertiliser bunker and numerous sheds.

Logan is being offered to the market by expressions of interest closing on September 12.