Lynora Downs is a 4,880 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, 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.
The Maryborough properties, acquired in November 2020, consist of 22 cropping farms totalling 4,140 ha, currently used for sugar cane and 8,060 ML of water entitlements. RFM intends to progressively convert the farms to approximately 2,200 ha of macadamia orchards, with a substantial portion of the remaining area to be used for cropping. First plantings are expected to commence late FY21.
Approximately 47% of sugar cane properties leased to private operators. RFM will crop established cane on behalf of RFF on remaining properties.
|Lynora Downs||Arcadia Valley, central Queensland||Cotton and cropping||4,880 ha|
|Mayneland||central Queensland||Cotton and cropping||2,942 ha|
|Maryborough properties||central Queensland||Cropping||4,140 ha|