 New England grazing and farming makes $20m+

 Locals expand with Dirranbandi’s Wombil Downs

New England grazing and farming makes $20m+

MORE than 70 years of Capel family ownership has ended with the sale of Kulki in northern New South Wales to a producer with significant holdings in the area.

The 2146ha mixed grazing and cropping enterprise is located near Graman, 39km north-west of Inverell and 60km north-east of Warialda.

It was offered by David and Annabelle Horn to finalise an estate.

LAWD agent George Barton was unable to disclose the buyer or the price paid; however, when Kulki was offered for sale in October, it was anticipated to make more than $20 million on a bare basis.

Around 1185ha are used for beef and lamb production, while 961ha (45 percent) of the mostly heavy black self-mulching to chocolate brown soils are developed to dryland cropping (barley, oats and lucerne).

The property benefits from 750mm of annual average rainfall and has a number of reliable and secure water sources, including 11 dams, three bores and the spring-fed Pine Nob Gully and Wyndhams Creeks.

Infrastructure includes a circa 1900 four-bedroom home, numerous sheds, two cattle yards, a 10-stand shearing shed, sheep yards, shearing quarters and five grain silos with 340-tonnes of storge.

Over the past two years, 10 to 12km of new fencing has been constructed.

Locals expand with Dirranbandi’s Wombil Downs

A local grazing family is expanding Dirranbandi’s fully exclusion fenced Wombil Downs.

The 6379ha property is located 40km north-west of Dirranbandi and 65km south-east of Bollon is described as a turnkey opportunity with plenty of upside. It was sold by Dean and Sophie Carrol after 12 years of ownership.

Nutrien Harcourts GDL agent Nick Dunsdon was unable to disclose the buyer or the price paid, but said Wombil Downs achieved a result in line with expectations.

The mostly cleared open paddocks are growing thick stands of buffel grass. A timber belt with large stands of mulga provides feed during dry periods.

The property features soft red loam soils with elements of grey melon holes. Tere are more than 800ha of developed cultivation country with a further 100ha raked and ready to be farmed.

It is situated in an average 450mm rainfall area and water is also supplied by a share bore which is capped and piped to 32 troughs and 22 tanks.

Infrastructure includes a renovated three-bedroom home, a two-bedroom cottage, sheep and cattle yards and a shed, as well as 42km of new internal fencing and a laser levelled grain pad for 2500-tonnes.