5 Farming Business for Sale in Northern Territory

Agricultural and farming businesses include the production and harvesting of crops such as wheat, cotton and maize as well as the production of livestock such as cattle, sheep and chickens. An agriculture business may include elements from growth to harvesting to processing or may be focused on a particular process such as supplying machinery or raw materials. In order to buy an existing agriculture business you should register for alerts so you are notified when a new business is listed. You can then make contact with the seller and request more information. Usually the seller or broker will ask you to complete an NDA to ensure the confidentiality of the business. Buying an agriculture business  requires professional advice during the process to ensure the due diligence is conducted properly.

A farming business can require a large investment especially if there is a freehold property, equipment, factories or processing plants involved. Determining if an Agriculture business is a good purchase will depend on a number of factors but is largely based on the profitability of the business. The ability for the business to produce a product will determine if it is a good opportunity, for example if a chicken farm can run 170,000 head of chicken, the buyer will be able to forecast the costs, and potential income, and evaluate whether the business will be a good fit for them. 
 

There are a number of different types of Agricultural farming such as crops, livestock, forestry, and fisheries. In Australia the main crops that are farmed include; wheat, canola, oats, pulses, sorghum and barley. Wheat is Australia’s largest produced crop and is sown in the winter and harvested in spring or summer. The largest states to produce wheat are WA, NSW, SA, VIC and QLD. In terms of fruit and vegetables, Australia grows a lot of fresh produce such as olives, grapes, apples, potatoes etc. In terms of livestock production, Beef is Australia’s largest export and QLD is the largest producer. In Australia, lamb, chicken, pig and fish farming are also popular as well as wool and leather production. 
 

Farming businesses usually require a high level of capital due to the costs involved to run the business. Usually there is equipment, machinery, freehold property and stock included in the sale. Experience in farming is going to be advantageous so you have a solid understanding of the farming principles and how to operate the business. With the high price point, there are usually investors who are looking to buy these types of businesses.