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 Clyde confirms Toorale will go to auction 

Clyde confirms Toorale will go to auction

10/08/2008 6:48:00 PM
The Swire Group’s Clyde Agriculture has confirmed that all of its pastoral properties being offered for sale will definitely go to auction in September regardless of reports of interest from the NSW and federal government.

Clyde's iconic property Toorale Station was this week named in a proposal from the Australian Conservation Foundation for the federal government to purchase six properties in NSW and Queensland.

The federal government is known to be interested in buying back water licences to help tackle water shortages in the lower Murray.

Clyde managing director John McKillop says there has been substantial buyer interest in Toorale, which is being sold on a 'walk-in, walk-out' basis.

"We are confident there is sufficient interest in the property for it to be sold at auction as a going concern," Mr McKillop said.

"It is a dual purpose, well improved working property with diverse livestock and well designed irrigation.

"While it has grown some cotton in the past, its focus now is sheep, cattle and food crops such as corn, sorghum and wheat."

Mr McKillop said there had also been recent interest from the NSW Department of Environment and Climate Change, through the National Parks and Wildlife Service.

However it is understood the Service is not in a position to bid at the auction on September 11.

Toorale Station lies 60 kilometres downstream from Bourke, and is a 91,383-hectare sheep and cattle breeding and finishing operation on the junction of the Darling and Warrego River, with more than 2000ha currently developed for irrigation.

Clyde Agriculture is offering four properties for sale in order to rebalance its property portfolio which is disproportionately weighted to livestock production.

Two NSW properties, ‘Brewon’, near Walgett and ‘Toorale Station’, near Bourke, will be offered at auction in Sydney on Thursday, September 11.

Historic Queensland properties ‘Thylungra Station’, Quilpie and ‘Clover Downs Station’, Cunnamulla will also be auctioned in Brisbane on September 9.

Clyde Agriculture plans to reinvest in agriculture by purchasing more dryland and irrigated farming holdings.

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Q: Do you support the creation of a 'guest worker' scheme bringing in Pacific Islanders to counter Australian agriculture's labour shortages?

Yes
(69.1%)

No
(25%)

Undecided
(5.9%)

Total Votes: 508
Poll Date: 10/08/2008

26/11/2008 | If we're serious about roo farming, we'll need to start with a breeding program and kangaroo EBVs for marbling and tenderness.
 
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