North Queensland station triples in value in less than five years
North Queensland grazing and farming property Inkerman Station has been sold for over $30 million, with the cattle price boom propelling its value to almost triple what it was less than five years ago.
Queensland earmarks future aquaculture sites
Two new sites in Queensland have been identified as land-based marine aquaculture development areas (ADAs), leaving new space for the industry to grow. “My vision is to make Queensland the aquaculture capital of the world,” said Mark Furner, Minister for Agricultural Industry Development and Fisheries and Minister for Rural Communities. The two new sites comprise 1,974-hectares for future aquaculture development in the Hinchinbrook Shire.
Climate change hurting farmers’ hip pocket
Climate change has already cost every farm across Australia $30,000 each year in profit over the past two decades, according to the Australian Bureau of Agricultural and Resource Economics and Sciences, and profits could slashed in half by 2050 due to ongoing environmental changes.
Rio Tinto charges up for Pilbara solar farm
ASX-listed NRW Holdings Ltd has been appointed to deliver mining giant Rio Tinto’s first fully-owned solar farm, as the mining group moves on its promise to achieve net-zero emissions by 2050. The 34-MW solar photovoltaic project, is to be built at Rio Tinto’s Gudai-Darri mine in the Pilbara region of Western Australia.
Brown family sells north west NSW station to neighbour
Nearly a century of ownership within the Brown family has ended after it divested Nardoo Station in north western New South Wales for $3.675 million. Todd Grace and partners from the adjoining property bought the 38,868 hectare property, rated at 7000 DSE, through David Russell from Landmark Russell.
AXA IM plants first investment in forestry
Global investment giant AXA IM has acquired around 24,000-hectares of Australian woodland, as well as an associated forestry management business, Green Triangle Forest Products (GTFP) estate, marking one of the largest investments into Australian forestry in more than a decade.
Higher taxes dilute wine exports
Data from Wine Australia showed total exports fell to $2.56 billion over the 2021 financial year. Exports to China plummeted 45% to $606 million. Beijing’s introduction of anti-dumping tariffs and duties in November ... Outside of China, Australian wine exports actually increased by 12% by value to $1.96 billion, and 6% by volume, to 643 million litres.
Commbank beefs up sustainability loans for agricultural sector
Queensland beef producer Stockyard Group has entered into a sustainability-linked loan (SLL) with Commonwealth Bank, in what is an Australian first for the agriculture industry. The three-year loan has been described by Commonwealth as a landmark transaction, with Stockyard engaging in sustainability measures than will include reducing emissions and a greater emphasis on animal welfare and on people’s well-being.
Queensland Government acquires Martha’s Farm for eco-parklands
The Queensland Government will forcibly acquire Martha’s Farm on the southern Gold Coast, after talks broke down with the current landowners. Also known as Martha’s Vineyard, the government plans to transform it into one of the largest eco-parklands in Australia ... The acquisition continues the trend of state governments acquiring land for nature reserves.
Brumptons sell for the second time in eight months
The high production Well Gully is 24 kilometres from Mitchell and 108 kilometres west of Roma. It was once home to the Well Gully Poll Merino Stud which had a reputation for developing highly profitable wool and meat sheep. It produced the world’s lightest woollen cloth, at 150 grams per lineal metre. The stud breeders sold the 1,806 Merino ewes last year to buyers across the country.
