Next farm purchase

Should be very soon!  AHF have previously stated that they would target May-June for purchasing farms.  
That seemed like so far away when they announced that policy in October 2015, but its just around the corner now!

Quote from the October 2015 Quaterly results commentary
http://hotcopper.com.au/threads/ann-commentary-on-appendix-4c-ahf.2629047/

The Board has reviewed the processes adopted for the acquisition of new farms and determined that the most attractive time for the Group to acquire new farms from a revenue generation and risk minimisation viewpoint, is when the target farms have completed their seasonal or main calving activity and milking cows are returning to production.

For summer and autumn calving farms, the ideal time for acquisition is in the months of May through June and for early spring, or dual calving farms, it is August or September. This allows the purchaser (AHF) to maximise the milk production and minimise the labour content related to calving in the first six months after acquisition.
The timing means that AHF will be able to focus on the operational management of existing farms and on the development work of improving their production capacity while also selecting and negotiating additional farm acquisitions for the autumn period.

Such negotiations will require completion of due diligence prior to conditional contracting including negotiation of pre-sale fertilising and re-grassing arrangements with the vendors so that on completion of acquisitions the preparation for the production and pasture growing season is to AHF’s satisfaction.