One of Australia’s biggest wheat farmers, John Nicoletti decided to sale his arable farms, extending to 200,000 hectares with a price tag of between $75m and $85m. It is the biggest offering of a single parcel of farmland ever to be sold in Australia
Grain grower John Nicoletti in a wheat crop being harvested near Marvel Loch. PICTURE: NIC ELLIS THE WEST AUSTRALIAN
Cropping giant of West Australia(WA) John Nicoletti has decided to sale his major farming enterprise, with the hope of fetching between $75 million and $85 million. As WA’s biggest grain grower, Mr. Nicoletti’s farming business includes more than 30 original properties throughout the eastern and northern wheatbelt. The offering of 203,000 hectares consists 157,000ha of arable country of which 62,000ha is freehold and 95,000ha is leasehold. “It was always part of my strategic plan (to sell) as I got older,” Mr Nicoletti said. “I’ve got strong interest from Canada, the United Kingdom and Dubai and they want to come out now and have a look around.”
The properties feature an extensive range of infrastructure including more than 25 good quality houses, at least 12 shearing sheds, 15,000 tonnes of on-farm silo storage and numerous sheds. Most of the properties have scheme water or otherwise have good quality dams, making most of the land suitable for mixed farming. A full complement of modern plant and equipment includes 14 headers, 12 seeders, seven sprayers, eight prime movers, four speed tillers, 13 large tractors, seven small tractors and seven tele-handlers. A flock of more than 50,000 Merino ewes plus followers is also included in the sale. It’s believed to be the largest semi-contigious cropping aggregation to be offered as a single parcel in Australia’s history. Mr Nicoletti’s 2018 cropping program involved up to 80,000ha of crop, mainly cereals being planted, which could be negotiated into the sale.