Water

High price for Barmah farm

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September 12, 2017

A 1143ha Barmah sheep grazing property sold for $2.35million at auction last week.

A 1143ha Barmah sheep grazing property sold for $2.35million at auction last week.

The combination of Merran Vale and Cooinda Park properties were sold to allow vendors Ivan and Ann Chandler to retire.

The couple originally purchased the Merran Vale property in 1980 after coming from a dryland farming background at St Arnaud.

Mr Chandler said he bought the property on the spot, before the couple purchased the neighbouring Cooinda Park property more than a decade later.

The large water entitlements across the properties played a significant role in Mr Chandler’s decision to purchase the property, which came with a 774Ml NSW general water sale entitlement included with the land.

Ruralco Property selling agent Andrew Miller said it was a ‘‘once in a generation’’ sale.

‘‘This is a classic River Murray country property with strong livestock and cropping enterprises nearby, plus some recent new intensive horticulture activities established locally in recent years,’’ he said.

‘‘Vendor Ivan Chandler has worked on the land since he left school at 14 years of age but he is now 76 and has farmed strongly all his life, overcoming some physical disabilities, and he rightly says it’s time to retire.

‘‘He reckons a few acres with a couple of cows will serve him well into the future.’’

In recent years the property has been home to a Poll Hereford and a Border Leicester stud flock as well as a Merino sheep grazing operation.

A significant portion of the holdings, about 522ha, are laid out to flood irrigation of which 364ha were laser levelled.

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