Cropping

Lynora Downs

Lynora Downs is a 4,963 hectare (ha) cropping property located at the northern end of the Arcadia Valley near Rolleston in central Queensland.

The property has 1,130 ha of irrigated area.

The property is leased to Cotton JV Pty Ltd (Cotton JV) until April 2022.

Mayneland

Mayneland, is a 2,942 ha cropping property located near Rolleston in central Queensland. The property has 484 ha of irrigated area and 1,800 ha of dryland area. Included with the purchase is 11,234 ML of water entitlements.

RFM is currently operating the property until an appropriate long-term lessee is secured.

Maryborough properties

The Maryborough properties, acquired in November 2020, consist of 21 cropping farms totalling 3,962 ha, currently used for sugar cane and 8,060 ML of water entitlements. RFM intends to progressively convert the farms to up to 2,500 ha of macadamia orchards, with a substantial portion of the remaining area to be used for cropping. First plantings commenced late FY21.

Approximately 47% of sugar cane properties leased to private operators. RFM will crop established cane on behalf of RFF on remaining properties.

Property Location Property type Size
Lynora Downs Arcadia Valley, central Queensland Cotton and cropping 4,963 ha
Mayneland central Queensland Cotton and cropping 2,942 ha
Maryborough properties central Queensland Cropping 3,962 ha
1Cropping pro forma for 8,338 ML water entitlements announced on 8 July 2021 to be acquired for $38.4m.
2Lease expiries weighted by forecast FY22 rental income.