[Jake676]

Can any one of you guys "down under" tell me what the price of land is for these 5 proprieties he has for sale?


http://nicolettigroup.com.au/

 

[hillcrest]

$60m Australian total for the properties with 68,000ha total.

 

[Jake676]

350$/ac...

 

[hillcrest]

going for verrrrry cheap, its extremely marginal areas though

 

[X80]

I thought the Chinese bought this...still for sale?....the dirt is cheap, the gear you need to cover those acre ain't...

Ant

 

[hillcrest]

Deal fell through. Investors are looking for rainfall and high production areas now. And now with the $15m foreign investment cap, he might have them for sale for a long time. Hes in $40m debt, not a nice position.

 

[X80]

Hmm rainfall and production...I might be on there radar...I'm under 15 mil...lol!!

Ant...

 

[madsnake]

Been a few intersting presentations of late to do with profitability, some of the most marginal country can out perform the cream if a few things are in check.

 

[Auscocky]

Been a few intersting presentations of late to do with profitability, some of the most marginal country can out perform the cream if a few things are in check.

Yep, all you need is one timely rain event.

 

[alfred123]

Wish we could share our rain we have lost more crop in the last 5 years from excess rain than we had in the last 15 from not enough some years we were barely able to seed anything in our area

 

[lynas]

Yep, all you need is one timely rain event.

True Auscocky, but if you don`t get it, the farm is on the market at a cut rate price!
Big Gamble.
IMO farm machinery, labour, fuel and chemical costs will break you before you get that timely rainfall. The price of grain would have to lift permanently to make that marginal land profitable. The gross margin per acre must be incredibly low.
These type of guys are gamblers. They are in it for the glory. They keep on rolling the dice hoping for that big win. Sooner or later they loose the lot. The higher you fly, the harder you fall.

 

[madsnake]

Yep, all you need is one timely rain event.

No it was all about business management and $ in check. Factoring in rain fall across all decile years for a area.