NSW north coast macadamia farms on expansionary push
NSW North Coast macadamia farms on the flood free red basalt plateaus have mostly been sold in the broad range of $40,000 to $80,000 per macadamia tree planted hectare, according to a recent report by Herron Todd White.
The valuation firm advised flood plain sugar cane farms have mostly sold in the broad range of $5,000 to $20,000 per sugar cane cultivated hectare.
"This flood plain land is attracting interest from macadamia farmers seeking to expand.
"This is a serious concern for the sugar mills as throughput is needed for viability."
Century 21 Alstonville (above) have a 72 acre macadamia property listing with 5,600 trees of mixed varieties ranging from 10 years to mature.
Agent Noel Outerbridge recently marketed a 220 acre Tuckurimba farm currently growing soya beans and sugar cane as suitable for macadamia.
