InvestSMART

Duxton Farms Ltd (ASX:DBF)

ALERT: Price-sensitive ASX Announcement for DBF
Current share price for DBF : $0.450 -0.385 (-46.11%)+
Announcement
Release
28 Jan 2026 12:08PM
Price at Release
$0.835
Full Release
download
Summary
Duxton Farms Ltd has announced the commissioning of CBRE Group to market three irrigated and dryland cropping properties near Forbes, New South Wales for sale. The properties, namely 'Walla Wallah', 'Yarranlea', and 'West Plains', constitute a significant institutional-grade cropping asset spanning 7,061 hectares. This strategic divestment marks the company's shift away from broadacre cropping, aiming to broaden its agricultural portfolio. The sale, expected to be settled by the end of the 2026 Financial Year, will include 8.6 gigalitres of water rights. Duxton Farms intends to reinvest the proceeds into its development assets in sectors like horticulture, viticulture, and apiculture, as well as expansion in Northern Australia.
Key Points
  • Duxton Farms is selling properties near Forbes, New South Wales.
  • The properties include 'Walla Wallah', 'Yarranlea', and 'West Plains'.
  • Total area is 7,061 hectares, with significant irrigation capacity.
  • The sale marks a strategic shift from broadacre cropping.
  • Includes 8.6 gigalitres of Lachlan River water rights.
  • Settlement targeted before the end of the 2026 Financial Year.
  • Proceeds to be reinvested in horticulture, viticulture, apiculture, and Northern Australia expansion.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.