fbpx
ALL NEWS
Media Release 10 July 2024

Quality mixed farming offers exciting carbon project in New England

cattle and cropping enterprise

The Echo Aggregation, a 3,537ha cattle and cropping enterprise consisting of seven high-quality properties 50km from Glen Innes, is being presented to market by LAWD, and provides the successful purchaser an opportunity to establish an exciting carbon credit venture.

Armidale-based carbon advisors, Precision Pastures, have identified the Aggregation’s primarily loamy traprock soils as being ideal for carbon sequestration. Preliminary due diligence has also been conducted to analyse options for carbon offsets for tree sequestration and biodiversity stewardship payments across further areas of the landholding.

LAWD Director, Darren Collins, said the prospect of acquiring a highly productive mixed farming asset like Echo Aggregation, and benefiting from the enhanced returns of a carbon project, makes this a remarkable opportunity for an astute investor.

”Echo Aggregation is a highly productive enterprise used to breed and finish mixed Wagyu and Angus cattle and produce both dryland and irrigated crops,” Mr Collins said.

“With the boundless potential for carbon offsets and biodiversity stewardship payments, the Aggregation offers the potential for diverse revenue streams.”

The seven properties within the Aggregation include Echo, Cloudy Hills, Carrot Farm, Bushgrove, Rockabbey, Sugarloaf and Bingeye, with five homes and quality infrastructure including livestock yards, shearing sheds, workshop/machinery shedding and grain storage. There is also all-weather access to stockyards via frontage to four roads.

Capital improvements include new portions of secure fencing throughout with efficient laneways linking stock to handling facilities.

An extensive land development program has resulted in improved grazing across 58% of the Aggregation, complemented by dryland cropping (22%), irrigated cropping (0.5%) and timbered grazing (20%). Grazing production is underpinned by a balance of native grasses and improved perennials including fescue, cocksfoot and phalaris, as well as white and red clover.

Echo Aggregation benefits from an annual rainfall of 794mm, along with a 104mgL unregulated water entitlement from the Mole River. Additionally, 14ha of Carrot Farm has been developed to support a variety of horticultural crops, supported by underground mains and risers.

Water is also sourced from the Deepwater River, as well as additional watercourses, including Bow Creek, several gullies, and 34 catchment dams. A mix of poly pipelines supplying multiple tanks and troughs is used as a reticulation system across the holding.

The Echo Aggregation is conveniently located within an easy drive of the key New England service hubs of Armidale and Tamworth and is well positioned to access agricultural services including livestock selling centres at Glen Innes, Armidale, Tamworth and Inverell; processing facilities at Tamworth and Inverell; and grain handling and manufacturing facilities at Tamworth.

Echo Aggregation is being offered for sale, via Expressions of Interest, closing 22 August 2024. For more information, contact LAWD Directors, Darren Collins +61 404 781 787 or Simon Cudmore +61 433 160 413.

Subscribe for updates

Name
SELECT ALL INDUSTRIES YOU ARE INTERESTED I RECEIVING UPDATES(Required)
Accept(Required)

Employment Expression of Interest

Name
Drop files here or
Accepted file types: pdf, doc, txt, jpg, Max. file size: 20 MB.
    SELECT TEAM FOR YOUR MESSAGE(Required)
    I accept LAWD’s Privacy Policy.