Agricultural investment firm goFARM has acquired three large irrigation properties near Griffith; these should be converted into almond orchards. GoFarm purchased a 700-hectare Stephendale Vineyard at Yenda, the 585-hectare Greenview farms at Tabbita and another nearby property primarily for its water entitlements – investments worth a total of $120 million. In total, the acquisitions consist of 1758 hectares and 5000 megalitres of water entitlements.
GoFARM is a Melbourne-based agricultural investor backed by the Costa Group, Australia’s largest horticultural company. In 2019, goFARM purchased dairy farms in the Victorian Goulburn-Murray region to convert them into almond and citrus crops.
A spokeswoman for the investment firm told Region the Griffith area would benefit from its Riverina venture, with an expected total of 24 full-time roles to support the almond production system to be created.
Source: regionriverina.com.au