The birthplace of Australia's cotton industry, the black soil country of the Namoi Valley in the north-west of NSW, is emerging as one of the most sought-after agricultural areas in Australia.
The Australian Financial Review reports that there are few prime properties on the market in the area and recent sales - including Delamere, which changed hands for more than $5 million - are reflecting a strong increase in demand.
Major investors have been buying parts of the valley, led by the United States-based Westchester Group's $400 million company, International Agricultural Investors, which has swooped on more than $40 million worth of cropping country.
One of Australia's biggest wheat farmers, Greentree Farming, owned by Ron Greentree and Bruce Harris, bought Twynam Agriculture's Boolcarrol and Milton Downs for about $70 million last year.
The sales have kept coming, with private cotton-growing company, Glenelg Cotton, buying the Myalls on the Namoi River for $4.7 million and neighbouring farm interests purchasing Petlands for $2.5 million and Fairview for $1.4 million last week.
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