Farm Land

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The funds management company Blue Sky Alternative Investments has decided not to complete the purchase of a large-scale farm on the Queensland-NSW border, according to the Australian Financial Review.
Blue Sky held an option for the 1666-hectare Lochiel station on the Dumaresq River between Texas and Goondiwindi.
It was for $8.7 million, but Blue Sky has informed the owner it is unable to complete the deal.
The Lochiel deal included a host of water rights as well 697 megalitres of river water entitlements, 836 megalitres of bore water and 252 megalitres of overland flow.
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The Lochiel property has been producing irrigated crops which are used for feed at the nearby Whyalla Feedlot, owned by Japan's Nippon Meat.
Blue Sky was also looking to buy the neighbouring farm Tarwoona.
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Blue Sky opts not to complete purchase of Lochiel Station

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Expatriate Australian billionaire Michael Hintze has spent some small change to buy another Queensland sugar cane farm.
The $9 million bought the 457 hectare parcel from Sugar Water Pty Ltd.
The London-based hedge fund founder has amassed one of Australia's biggest farm portfolios, with acquisitions totalling about 50,000 hectares since 2007.
His private pension funder, MHPF, has spent about $142 million on the land and water purchases.
His Queensland sugar cane farms purchases marked a shift away from its 15 acquisitions in NSW, which include mixed farming of wool, prime lambs, cattle and winter cropping.
Hintze's buying spree began when he spent $12.5 million for a Breadalbane property in July 2007.
He is the founder and senior investment officer of CQS Management, a London-based hedge fund with assets of $US10.5 billion.
Trained as an engineer, he is a well-known philanthropist, with beneficiaries including the University of Sydney and the Vatican's Victoria and Albert Museum. 
His name has been in the British headlines for the past few months given the vote for Britain to leave Europe.
Rare with his public pronouncements, Hintze has said he was not just looking for capital gain from the properties. He says he seeks solid returns on production.
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