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RURAL & AGRIBUSINESS

Tarqua dairy farm on the market

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FAMILY owned and operated dairy farm Tarqua, in Victoria’s East Gippsland and Lakes region, has been listed for sale, hoping to milk more than $5.5 million from the market.

Pat Rice & Hawkins is marketing the extensively developed property at Goon Nure by expressions of interest closing 23 October on behalf of the Blackshaw family, under a range of options.

One of the sale options is on a walk-in walk-out basis inclusive of the 715 hectares of freehold, the dairy herd and replacements, all the water shares and a full inventory of well maintained and effective farm machinery.

The second option is the freehold and water shares, without the cattle herd or machinery, and the third is the freehold land without the water shares, cattle and machinery.

Matt Childs of Pat Rice & Hawkins said he would be looking to offers above $5.5 million for Tarqua on the freehold, inclusive of the water shares basis.

Tarqua is held in eleven titles all with a farm zoning. The Blackshaw family has multi-generational dairy farming experience and purchased Tarqua as a dry sheep farm in 2001, recognising its potential and suitability for a large scale dairying development.

The land form is all flat to gently contoured pasture, on mostly grey sandy loam soils and with some areas of native timber retained with 687 hectares cleared for agriculture.

Extensive water resources include 442 megalitres of high reliability ground water, plus another 100 megalitres of high reliability water that is leased. The water resources are sourced through two fully quipped major irrigation groundwater bores, plus two separate unmetered bores under a stock and domestic water licence. There is also a large registered turkey nest dam with a capacity of eight to ten megalitres that is used as a backup operational supply for crop irrigation as required, and a catchment dam of roughly 22 megalitres capacity captures local run off drainage or rain events as extra storage.

Water application is via three T-L centre pivot irrigators that have been progressively installed since development commenced, to irrigate 171 hectares.

Tarqua is currently a milk supplier to Saputo, which acquired all the former Murray Goulburn district milk processing infrastructure. Annual milk production averages 240,000 kilograms of milk solids to give an annual milk sales income of about $1.5 million.

The current livestock population is a 460 cow milking herd, plus 45 18-month old heifers, 97 12-month old heifers, 60 autumn 2019 drop heifers, 130 spring 2019 drop heifers and 30 spring 2019 bull calves.

Housing comprises a main sandstone residence of 356 sqm built in 2003, an owner-managers brick veneer home built in 1959 with an area of 280 sqm, and another brick veneer home of 230 sqm, built in 2013 and occupied by the herd manager appointee and his family.