Monday, November 28, 2022

Grazing enterprise offers carbon income

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A New South Wales producer has bought the 21,238-hectare Cunnamulla grazing enterprise Nooralaba for $2,670,000, attracted to the additional carbon income.

Ben Forrest and Grant Veivers from Resolute Property handled the marketing and the sale of Nooralaba for owners Anthony and Lynette Grabbe.

The property is located 85 kilometres north west of Cunnamulla in south west Queensland.

It is suited to cattle, sheep and goats and has an estimated carrying capacity of 500 breeders, while it also has a 25-year carbon agreement with a 10-year payment period running to 2026, with $690,000 yet to be paid out. The purchaser can then potentially renegotiate a higher price.

Country is open woodlands with box, gidgee and soft mulga, and the eastern boundary of the property is entirely exclusion fenced.

An artesian bore, two dams and 24 watering points water the property, while the Leader Creek runs through its middle with seasonal waterholes.

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