Wimmera Pistachio farm listed

Wimmera Pistachio farm listed
Wimmera Pistachio farm listed

A pistachio farm in the Wimmera region, The Pistachio Farm has been listed for sale.

The pistachio orchards spread across 103 hectares of land over the 312 hectare property.

There are less than 50 pistachio growers across Australia.

The Pistachio Farm accounts for more than 10 percent of total plantings, the fourth largest operation in the country.

The farm gate value of Australian pistachios is currently $9 million and is expected to rise to $30 million by 2025.

Receivers Matthew Caddy and Keith Crawford of McGrathNicol have appointed Colliers International’s Jesse Manuel and Tim Altschwager to sell the property.

The current vendors bought the farm in 2008.

Manuel told The Australian Financial Review that price levels hovered around $5 to $6 per kilogram for many years up to 2011 before there was a consistent rise every year up until 2015 when the price reached $13 per kilogram.

There are currently less than 50 pistachio growers across Australia, with a total of around 950ha of trees planted.

The property is located in Telopea Downs, about 350 kilometres south-east of Adelaide and 440 kilometres north-west of Melbourne.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Rural Farm Sale

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