PRIME Riverina farming land worth more than $100 million has been put on the market by its US religious group owner, the Church of Jesus Christ of Latter-day Saints.
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The Mormon group owns significant parcels of valuable agricultural land in the US, Canada, Mexico and Australia, but has decided to divest its interest in four Riverina properties.
The 47,000 hectare aggregation includes Kooba Station at Darlington Point, Bringagee and Benerembah stations at Carrathool and Booberoi near Euabalong.
The Financial Review (AFR), a sister publication to The Daily Advertiser, reported a host of big-name buyers had been linked to the sale.
US-based Westchester Group, Auscott and Harvard Endowment Fund are all reportedly interested in acquiring the properties.
PrimeAg is also said to be looking at purchasing the freehold properties, the AFR said.
A spokesman for AgReserves Australia, the Mormons' operating company, said he was not in a position to comment on the sale process.
The four properties, which are used to grow wheat, corn, beans and other crops, were bought by the Mormon church in the late 1990s for about $70 million.
G H Mitchell and Sons, a respected South Australia family-owned wool company, was the previous owner of the properties.
