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The LDS Church is buying up large tracts of Australia
Posted: Mon Mar 17, 2025 12:41 pm
by I Have Questions
THE Utah-based Mormon Church has added a large-scale dryland cropping operation in the renowned Golden Triangle region of northern New South Wales to its growing Australian agricultural portfolio.
The 5694ha North Star Aggregation, 45km north of Moree and 55km from Goondiwindi, formed part of the 23,595ha One Tree Portfolio offered in June last year by Proterra Investment Partners, with hopes of raising more than $250 million.
The remaining two southern Queensland aggregations, the 7934ha Umbercollie north-west of Goondiwindi and the 9966ha Jandowae on the Northern Downs, are still listed for sale.
LAWD agents Danny Thomas and Elizabeth Doyle were unable to confirm the buyer or the price, but said the North Star Aggregation had sold and settled and were happy with the outcome.
In August last year, Alkira Farms, a subsidiary of US-based and Mormon Church-owned global agricultural investment company Farmland Reserve paid more than $350M for southern Queensland’s 26,855ha Worral Creek Aggregation.
The Worral Creek Aggregation included 65,900ML of water entitlements, to make it one of Australia’s largest privately owned irrigation and dryland-farming enterprises.
https://www.graincentral.com/property/m ... gregation/
I guess owning most of Florida isn't enough.
Re: The LDS Church is buying up large tracts of Australia
Posted: Mon Mar 17, 2025 4:19 pm
by Dr. Shades
The Worral Creek Aggregation included 65,900ML of water entitlements, to make it one of Australia’s largest privately owned irrigation and dryland-farming enterprises.
65,900 milliliters doesn’t seem like all that much.
Re: The LDS Church is buying up large tracts of Australia
Posted: Mon Mar 17, 2025 4:51 pm
by Physics Guy
An mL is a milliliter. An ML is a megaliter: a million liters. 65 thousand ML is about enough to flood a square mile to a depth of eighty feet, if I haven’t messed up the arithmetic.
Re: The LDS Church is buying up large tracts of Australia
Posted: Mon Mar 17, 2025 5:17 pm
by Marcus
You were only a billion times off, Shades. You've been hanging around those billionaire Mormons who "aren't a wealthy people" for too long.
Re: The LDS Church is buying up large tracts of Australia
Posted: Mon Mar 17, 2025 5:55 pm
by Bond
One Megaliter is enough water to cover ~80% of an acre of land in one foot of water.
Re: The LDS Church is buying up large tracts of Australia
Posted: Tue Mar 18, 2025 12:28 am
by Moksha
When dealing with the Church, aren't the sellers and agents required to sign NDAs and take blood oaths?
Re: The LDS Church is buying up large tracts of Australia
Posted: Tue Mar 18, 2025 12:53 am
by drumdude
Moksha wrote: ↑Tue Mar 18, 2025 12:28 am
When dealing with the Church, aren't the sellers and agents required to sign NDAs and take blood oaths?
They changed it in the 90s
Re: The LDS Church is buying up large tracts of Australia
Posted: Tue Mar 18, 2025 4:03 am
by Dr. Sunstoned
I guess owning most of Florida isn't enough.
It's just a slightly different take on Daniel's rolling stone prophecy.
Re: The LDS Church is buying up large tracts of Australia
Posted: Tue Mar 18, 2025 11:16 am
by Moksha
drumdude wrote: ↑Tue Mar 18, 2025 12:53 am
Moksha wrote: ↑Tue Mar 18, 2025 12:28 am
When dealing with the Church, aren't the sellers and agents required to sign NDAs and take blood oaths?
They changed it in the 90s
I didn't realize the Church's real estate practices were altered that long ago.