One of Queensland's largest feedlot farming properties is on the market with the Camm family's 6,000 hectare Morocco station expecting to fetch around $18 million.
The listing follows the Camm Agricultural Group divesting its northern cattle properties to Rural Funds Group for $72.5 million.
Morocco, situated north of St George, Queensland, is a significant irrigated and dryland cropping property.
CBRE Agribusiness senior managers Thomas Warriner and Simon Cudmore have been appointed to market the property.
"The market for quality irrigated and dryland cropping properties is highly competitive in today’s climate, with very few offerings available – the opportunity to acquire Morocco presents an exciting opportunity for investors to acquire land along the Balonne River," Warriner said.
The 5,939 hectare farming property is located along the renowned Balonne River and accessed via the Carnarvon Highway.
Morocco has historically grown cotton, corn, wheat, sorghum, chickpea, barley and mungbean and supplies offtake to both the family owned feedlot near Dalby and nearby end markets.
A key feature is the 5,340 megalitre water allocation which, coupled with a reliable river system and ample on-farm water storages, completes a productive irrigation enterprise.
The Camm family acquired Morocco in 2006 for $10 million, securing feedlot development plans for the property. Morocco has planning approval for a state-of-the-art feedlot with a proposed 26,320 Standard Cattle Unit capacity.
The Camm Agricultural Group filed a $19.5 million profit for the year to June 2016 -- up from a $3.6 million loss the year prior.
