Farmer Andrew Farran, a former Australian diplomat and trade advisor, has sold West Wimmera’s Yiddinga after 30 years.
Six kilometres west of Edenhope, the mixed-farm holding – 1486ha on 13 titles – traded for $19.75 million to the Close family, of nearby Aspley.
The buyers will continue its use for fine wool production; its average annual output is 450 bales.
Mr Farran offered Yiddinga inclusive of plant and equipment (including six shearing sheds and covered yards for 1600 sheep).
The Close family now has an option to acquire 15,000 merino livestock in line with local stock agents’ valuations.
“The property…attracted considerable interest with enquiries received from all southern states and Western Australia,’ Ray White marketing agents Max Brown said.
Four bidders competed at last Friday’s auction, run by the group’s Jason Hellyer, he added (story continues below).
“The result was particularly pleasing as it has sold for in line with local farm land values,” according to the executive.
Vendor will retire
Mr Farran assembled the Yiddinga aggregation over 30 years but has only lived there since 2018 – his nephew, Jim, established the farming enterprise.
With the sale, the octogenarian vendor plans to retire.
Edenhope is about 50 kilometres from Naracoorte where Proterra Investment Managers recently offloaded a 2212ha aggregation.
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