Twynam Agricultural Group has announced it will sell three of its Lachlan River frontage properties – including Jemalong Station and Jemalong Citrus at Forbes, and Merrowie at Hillston.
Rumors had been circling and on Monday the company confirmed the news on its website.
The properties are offered for sale as part of the ongoing downsizing of the Johnny Kahlbetzer-run company's NSW pastoral holdings.
Expression of interests for the Lachlan River properties close on March 12.
Jemalong Station, 35 kilometres west of Forbes, is 13,387 hectares with 2384ha developed for irrigation. It includes a 8885ML Jemalong Irrigation Licence (JIL) and 3107ML of groundwater.
Adjoining Jemalong Station is Jemalong Citrus, a parcel of 361ha. It has access to 1000ML groundwater and a 750 ML JIL.
The property has 170,000 orange trees, principally winter juicing varieties.
The other property being offered is Merrowie, 15km west of Hillston
It is 32,730ha with 9906ha of developed irrigation and a 6689ML of General Security Lachlan River Water Entitlements, as well as a 10,528ML groundwater licence and 16,000ML above-ground water storage.
The sale is being handled by Gary Johnston of Johnston Rural Group Forbes and Bruce Gunning of Ray White Rural International Sydney.
Twynam Agricultural Group has progressively been selling off its property assets over the past decade or so and increasingly investing in agtech.
It lists its currently portfolio of farming properties in the Riverina and the Southern Highlands at 50,000ha.
In 2015 the company sold its 4000-head feedlot facility at The Mount.
More to come