Etta Plains sold $25 million.

A landmark for the North

Etta Plains has been sold  $25 million today.

This property has changed hands at a high value, and much of that is to do with the existing water license/allocation that the sellers have procured over the last 4 years. The Flinders River catchment with its excellent self-cracking clay soils, and reliability of water in the system, is driving a strong demand for country with this good soil. CSIRO have done the studies and the science is in that confirms the quality of the soil and availability of water out of the Flinders river said agent  John Wharton of Wharton & Co, Alister & Jo McClymont, Burleigh Station, Richmond. sold to Findlay Farms, Warren, NSW. Robyn & Luke Findlay.

The State Government have the ability to release larger amounts of this water, which will drive the investment and the growth in farming. The success of the Chick pea crop at Nonda this year has proven how expertise in farming can make things happen. The region needs people like the Findlays and the Dickson’s who grew the chick peas, as they bring the farming experience and expertise to the North West. Cattleman are not farmers. The present process by the Qld State Government to drip feed the cattlemen on the river with water allocations that they have no ability to develop is a failure. Without the economy of scale, that a large farming area will bring, nothing will happen. Etta Plains has the ability to drive further growth in the region. This type of development brings many jobs into the region and diversifies our economy.

Agent John Wharton of Wharton & Co