FOREIGN and interstate buyers are being sought for one of Queensland's biggest strawberry farms, Gowinta, which has gone into liquidation with debts of more than $17 million.
Gowinta, at Beerwah in the Sunshine Coast hinterland, is a third-generation farming business that comprises 11 properties totalling 84 hectares.
It can pack up to 70,000 punnets a day during the strawberry season - around 17 tonne of fruit - and also produces pineapples, lychees and raspberries.
Earlier this year, Gowinta Farms Pty Ltd entered into voluntary administration after being left with "an unsustainable debt level" due to a reduction in the value of assets.
It restructured its operation, replacing many of its 200 plus pickers and packers with contract labourers from South Korea, but hit more hurdles including bad weather and low strawberry prices.
This led to the business being placed into liquidation on October 25, after administrators reported the company was unable to make planned capital repayments.Gowinta has 110 creditors, the biggest being Bankwest, owed about $13.6m.
Liquidator Robert Moodie, of Sydney-based firm Rodgers Reidy, informed creditors that agent Colliers International had been engaged to market the sale of farms, business and properties.
He said Gowinta would be advertised locally, interstate and overseas, noting Colliers had "links to international food production markets".
Agent Rawdon Briggs, of Colliers, confirmed Gowinta was up for grabs, with expressions of interest closing December 18 at 4pm.
Gowinta Farms is described as one of the Sunshine Coast's premier farming enterprises with a long standing history as a successful producer of quality strawberries, pineapples and raspberries.
The business can be purchased in its entirety on a walk-in walk-out basis, or the 11 properties involved can be bought individually.
It features substantial entitlements to water for irrigation, extensive greenhouse, packing, administration and staff facilities plus two houses and a number of sheds.
There's also a 56-berth caravan park and cafe offering alternative income streams and the farm has convenient access to Brisbane CBD and markets.
A creditors' meeting will be held at the property at 11am tomorrow to discuss a plan to keep the business operating and fund preparations for next season.
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