Large-scale family farming group

A large-scale family farming group required capital to consolidate their position and drive growth in the business. Following a short due diligence period, Merricks Capital gained comfort on the strength of the asset base which included a significant quantum of water rights and provided funding to match the business’s needs.

The investment covers 3,258 hectares of prime farming land in Riverina NSW and more than 9,550 megalitres of water rights across different classes of entitlements. The group farms over 7 crop types including cotton, almonds, wine grapes, cereal crops and corn.

Merricks Capital were able to move quickly and align with the businesses timeline to provide funding to re-finance an existing lender and additional working capital to allow expansion into Northern Australia. We worked through the complexity of the operation and provided a funding package that met the objectives of consolidation and growth.