Duxton Farms Seeks to Exit New South Wales Irrigated, Dryland Cropping With Divestment Of Properties; Shares Jump 4%

MT Newswires Live

01/28

Duxton Farms (ASX:DBF) commissioned CBRE Group to divest three of the firm's irrigated and dryland cropping properties, Walla Wallah, Yarranlea, and West Plains, near Forbes, New South Wales, leading to its complete exit from irrigated and dryland cropping in the state, according to a Wednesday Australian bourse filing.

The properties comprise an institutional-grade cropping asset spanning 7,061 hectares, around a third of which is irrigable. They will be marketed with an 8.6 gigaliter portfolio of Lachlan River surface and groundwater.

Its shares jumped 4% in recent trading on Wednesday.

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