Rural Funds Group (ASX:RFF) signed a contract to acquire The Pocket and Baamba Plains for AUD 45.8 million on November 8, 2021. The properties include a 1,917 hectare cattle and cropping property (The Pocket) and a 4,130 hectare cropping property (Baamba Plains). Included with the acquisitions are 20,733 ML of water entitlements which are currently under utilized. The acquisitions will be funded from an increase to RFF's debt facility and result in revised FY22 forecast adjusted funds from operations of AUD 11.8 cents per unit. Settlement of The Pocket (AUD 13.8 million) and Baamba Plains (AUD 32 million) is expected to occur in November 2021.

Rural Funds Group (ASX:RFF) completed the acquisition of The Pocket and Baamba Plains in December 2021. Settlement of The Pocket plain occurred in November 2021.