Spanning an impressive 21,744 hectares, Tasmania’s largest farm is once again up for grabs – six years after it was last offered by the late Allan Pye.
Pye, regarded as one of New Zealand’s wealthiest farmers, passed away in March this year at the age of 83, leaving behind a significant farming legacy built on his potato fortune.
In 2018, Rushy Lagoon was listed with price expectations around $70 million. However, industry sources suggest the property could attract nine-figure offers this time.
LAWD and RMS Advisory are jointly marketing the farm, which includes two contiguous properties: Rushy Lagoon (20,523 hectares) and East Wyambi (1,221 hectares).
The farm boasts a diverse range of agricultural opportunities, including dairy, sheep, beef and cropping activities such as potatoes, cereals, poppies, hemp, carrot seed, oilseed and legumes.
It has substantial water entitlements of 12,548 megalitres and on-farm water storages with a capacity of 3,935 megalitres, including a permit to build an additional 2,500-megalitre dam.
Around 1,170 hectares are currently irrigated, including a 693-hectare dairy platform with potential for expansion.
The farm’s estimated carrying capacity is 85,000 Dry Sheep Equivalents, which the realestate agents say could be significantly increased with further investment in pasture improvement, irrigation and stock water systems.
Potential future income streams include lease payments from a proposed wind farm development, sand mining royalties and carbon offset payments.
The property is available for purchase as a whole or as separate lots.
