Major Riverina Orchard hits the market
February 13, 2024
A syndicate of investors, including well-known citrus industry stalwarts John and Dean Morris, have listed for sale Orchards, a citrus and avocado property in the New South Wales Riverina region, with price expectations of circa $25 million.
The 502.50ha property comprises a total orchard area of 108.28ha which was planted between 2007 and 2023 with a mix of Mandarins, Sumo Mandarins and Hass Avocados as well as 167.89ha of land available for future expansion.
The property was strategically selected by the vendors for its key attributes including proximity to the Irrigation Main Canal, elevated topography for minimal risk of frost and flood, fertile soils and its Mediterranean climate.
The mandarin plantings have been developed to a best-in-class standard with 54.93* hectares trained on trellis systems and 51* hectares of the mandarin plantings under permanent netting providing protection from wind and hail. All trees are planted on north-south mounds in high density plantings ranging from 1,000 to 1,500 trees per hectare.
Orchards is managed using open hydroponics principles tailoring the delivery of water and nutrition to meet the needs during the various phenological growth phases. The orchard’s irrigation water is automatically pH adjusted to ensure that nutrients are taken up freely by the trees and delivered to the plantings via state of the art fully automated drip irrigation and fertigation systems. Unique management techniques such as ‘water stressing’ are adopted to increase the natural sugar content in the fruit desired by premium markets. The orchard is set up for platform harvesting as a precursor to robotic harvesting in the future.
“The Orchards site was strategically selected and has been designed to grow premium quality sweet tasting seedless fruit targeted at supplying counter seasonal export markets and the Delite and Sumo consumer citrus brands in Australia. The avocado production is aimed at supplying the gap after Queensland harvest has finished and before Western Australia commences,” Harvey said.
Harrison added, “ Orchards presents a unique and advantageous opportunity for investors, with the orchard developed to a best-in-class standard offering diversification, young weighted average tree age and further expansion potential.”
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