Gina Rinehart and Brett Blundy offloading up to $1 billion worth of property, in a once in a generation change.
His MH Premium Farms owns 19 properties covering 87,000 hectares of intensive grazing and cropping farmland in NSW, Queensland and Victoria, producing prime lamb, beef, cotton, sugar and wheat. Last year he bought one of the country’s prized mixed-farming aggregations, South Callandoon
While domestic beef prices have eased back significantly since then – falling to below $8 per kg – as production has picked up, the long-term outlook is still highly favourable given rising global demand for Australia’s high-quality produce and the growing involvement of institutional capital in the sector.
“We must be near the peak, but I’ve said that before,” says Peacock, a director at Herron Todd White Darwin, who has carried out more than 100 cattle station valuations. Anna Creek lies 160km east of Coober Pedy and is owned by the Williams Cattle Company founded by brothers Reg, Ron and Bill Williams in 1967. They bought Anna Creek and the Peake Station from S.KidmanAnna Creek runs 9500 head of cattle and gets by on an annual rainfall of just 140mm .
It is owned by North Australian Pastoral Company which has held the pastoral lease since 1877, and 80,000 cattle are run on the station. The story of how these vast stations came to be established traces its routes back early European settlement in Australia.
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