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A South Australian farm sold for $1.16 million in a strong seasonal start.
A 37-hectare cropping paddock near Freeling, South Australia, sold for $1.16 million, or about $44,323 per hectare, in a March auction marking a strong start to the season.
The land, family-owned for over 50 years, features fertile, flat to gently undulating soils suitable for cereals, lentils, and other crops.
Bidding began at $1 million and reached the final price with two bidders.
The sale drew interest from both farmers and investors, with Ray White Rural SA scheduling six more farm auctions in March, including one on March 20 for a 167-hectare property in Julia.
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Una granja en el sur de Australia se vendió por 1,16 millones de dólares en un fuerte comienzo de temporada.