An established irrigator has diversified into dry land farming with the purchase of The Ranch at Carroll, in north-east NSW, for $3.5 million.
The Australian Financial Review reports that the propery was offered for sale for the first time in almost 90 years.
The 780-hectare property sits in a superior rainfall area in the Namoi Valley district.
Water is provided through a 184-megalitre irrigation licence, two irrigation bores, five stock and domestic bores and four dams.
The property has four homes – two weatherboard houses and two workers' cottages.
There is also a hay shed, machinery shed, cement floor workshop, wool shed and cattle yards.
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