Daybreak Cropping, backed by Canada’s PSP Investments, has bought Yarrabee Park in the NSW Riverina.
with an asking price above $250 million.
Price expectations exceed $10 million for the three-property portfolio, which is being marketed by Colliers agents Duncan McCulloch and James Beer.MPC was established in 1965 by Des and Margery Fenton following the amalgamation of a number of farms including a soldier settler block granted to Mr Fenton after he returned from service in the Second World War.
The Hunts grew wheat, barley, oats, canola, field peas, lentils and chickpeas, drawing on their scientific backgrounds to ensure the farm survived during drought periods and was profitable over many decades. “Dryland cropping properties in Victoria, and particularly the Mallee region, are highly sought after in the current climate,” he said.