I stumbled upon an excellent piece on AgMates on the history of many channel country families and management of sheep and cattle stations in the far south-western corner of Queensland – the country south and west of Quilpie. Well worth a read. In the AgMates article, David Edwards, Quilpie Mayor, is quoted frequently. One of […]
Fiona Lake Blog
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Escalating rural property prices & Qld’s Channel Country
February 17th, 2010AACo appoints David Farley as the new MD & CEO
December 5th, 2009Australian Agricultural Company Chairman Stephen Lonie has announced that David Farley has been appointed AACo Managing Director and Chief Executive Officer, commencing on 1 December 2009. David Farley’s career began in 1975 as a jackeroo and he has solid experience in Northern NSW and the cotton industry, spending a couple of decades up the top […]
Alan Hayes – Pastoral Assets Management Pty Limited
November 24th, 2009Alan C Hayes retired from the position of CEO of Macquarie Bank’s Paraway Pastoral Company in 2008 and took up the role of Head of Property Strategy for the Macquarie Pastoral Fund. Alan moved on from Macquarie mid-2009 and now his agribusiness management company which he has owned since 1996, Pastoral Assets Management Pty Limited, […]
Alan Hayes (of Macquarie Pastoral Services and Prudential Pastoral Company)
August 27th, 2009Alan Hayes was the Managing Director of Macquarie Pastoral Services from 2006 to 2009 and in 2006 – 2007 was the CEO of Paraway Pastoral Company (Macquarie Pastoral’s operating entity), which Alan developed for Macquarie from 2005 onwards. Alan was also Chief Executive Officer/Chief Operating Officer of Prudential & Colonial Pastoral companies, from 1989 to […]
Wrotham Park Station sold to Consolidated Pastoral Company
August 17th, 2009The sale of Wrotham Park cattle station to CPC has been confirmed in today’s AFR by James Thackray, Partner in Great Southern receivers, McGrath Nicol. Great Southern paid the AACo $53.5 million for Wrotham Park, however the sale price is apparently much less than that top-dollar price; at around $48 million. Consolidated Pastoral Company’s bid […]
Cubbie Station for sale & the discussion regarding water rights buyback
August 17th, 2009Cubbie Station is Australia’s largest cotton-growing property, and reputed to be the largest privately-owned irrigation farm in the southern hemisphere. Cubbie is actually an amalgamation of a number of irrigation properties in southern inland Queensland – near Dirranbandi, on the Culgoa River; and St George, on the Balonne River. Both these rivers are part of […]
Wrotham Park Station under contract to CPC
August 15th, 2009Unofficial reports say that as of this week, Wrotham Park Station is under a sale contract to Terra Firma/Ken Warriner owned Consolidated Pastoral Company; 2 month settlement period.
AACo half year results 2009, released 11 August 2009
August 12th, 2009The AACo-s half year 2009 report, released yesterday, makes for interesting reading. It includes, ‘a provision for potential liability related to a sublease taken out by Great Southern Plantations.’ But no further details – exactly where, when, what and how much – have been publicised. An item listed under ‘Contingent Assets’ is also interesting: ‘On […]
Wrotham Park and Moola Bulla taken off the market until 2010
July 30th, 2009According to the Melbourne Age Newspaper, receivers McGrathNicol have taken Wrotham Park and Moola Bulla off the market while they are mustered, and they will be offered for sale again early next year, after ‘the next big wet, due in November’. This article is a classic example of a journalist who has absolutely no understanding […]
Tipperary Station, NT, may be purchased by Brockstar
June 29th, 2009Tipperary Station is currently being assessed by an American company, Brockstar. Brockstar specialises in ‘private portfolio management of capital investments’, with their primary interest apparently being in urban development projects in America. So if Brockstar buys the Tipperary Group of Stations from QC Alan Myers, it’s a safe bet that they’ll only own it for […]