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Three local families bought a large irrigated farm in Queensland for $21 million, highlighting strong demand for agricultural land.
A 1016-hectare irrigated farm in Queensland, Australia, known as the Ascot and Arundel aggregation, was sold to three local farming families for about $21 million.
The property, marketed by JLL Agribusiness, includes water entitlements and extensive on-farm water storage.
Over 81% of the land can be irrigated, and the sale reflects strong demand for high-value agricultural assets.
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Tres familias locales compraron una gran granja de regadío en Queensland por 21 millones de dólares, lo que pone de relieve la fuerte demanda de tierras agrícolas.