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Duxton Farms is selling three NSW farms to exit broadacre cropping, shifting to higher-value agriculture in Northern Australia.
Duxton Farms is selling three remaining New South Wales farms totaling 7,484 hectares, completing its exit from broadacre cropping in the state after selling two properties for $6 million and $5.1 million.
The company is shifting focus to higher-value, lower-risk ventures in Northern Australia, including cotton production at a 24,000-hectare lease in the Northern Territory and a 285-hectare cotton operation in Western Australia’s Ord region.
Proceeds from the sales will fund expansion in horticulture, viticulture, apiculture, and northern agriculture.
CBRE is managing the sale, with expressions of interest closing March 12.
Duxton Farms está vendiendo tres granjas de Nueva Gales del Sur para dejar el cultivo de granero, y pasar a una agricultura de mayor valor en el norte de Australia.