On 28th of April the Australian Agricultural Company sold Rockhampton Downs Station, on the Barkly Tableland (Northern Territory), to the Harris family for $37 million. They probably can’t believe their luck. Shareholder and previous board member Nick Burton-Taylor has pointed out the obvious. Why would you sell a Rolls Royce (Rockhampton Downs; prime Barkly grassland, […]
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AACo sells Rockhampton Downs Station
May 1st, 2009Great Southern Limited to sell Wrotham Park, Chudleigh Park & Moola Bulla
May 1st, 2009A couple of days ago (29th April) Great Southern Plantations Limited finally publicly listed cattle stations Wrotham Park, Chudleigh Park and Moola Bulla for sale. Moola Bulla is near Halls Creek, in the East Kimberley region of Western Australia. Chudleigh Park is located northwest of Hughenden, and Wrotham Park Station is near Chillagoe, west of […]
Who really owns & runs Primary Holdings International?
April 30th, 2009Primary Holdings International has bought Australian Agricultural Company (AACo) cattle stations earlier this year however little is known about PHI. Though the Primary Holdings International website says it will be online in ‘early 2009’, it is yet to happen. It appears Guernsey-registered Origa Resource Partners have stumped up about half the money – presumably as […]
Victorian Producers Co-operative Company Limited (VPC)
April 12th, 2009Farmers are raised with a dislike of middlemen. The blokes between the grower and the end user are viewed as parasites who take few risks and expend relatively little effort, yet pocket a lot of profit. Farmer’s Co-ops are the result. This 2003 paper on VPC by John Gill (ex Chairman of the Co-operative Federation […]
NAPCo selling Roxborough Downs
April 4th, 2009Roxborough Downs, located SW of Mt Isa (on the road from Boulia to Alice Springs), is to be sold to fund expansion of NAPCo’s Wainui Feedlot, located west of Toowoomba on Queensland’s Darling Downs. The agent is Dick Allpass of Elders.
Macquarie’s Paraway Pastoral Company
March 23rd, 2009Paraway Pastoral Company is the trading name for the Macquarie Pastoral Fund. Set up in 2007, seven properties were apparently purchased in the Riverina district of NSW, including well known Merino sheep studs Pooginook and Stud Park North (near Jerilderie), Steam Plains (between Conargo & Carrathool), mixed sheep & cropping property The Bulls Run (west […]
Australian cattle station sales
March 21st, 2009The Sydney Morning Herald has published a comprehensive and interesting overview of cattle station corporate ownership changes over the last 6-12 months, with comments on expected changes. Written by Paul Myers, the unusually good quality article well illustrates the fact that he’s been writing about Australian agriculture for several decades (as distinct from the usual […]
The Sherwin family saga
January 18th, 2009Peter and Florence Sherwin have won a court battle to have their ex son-in-law repay more than $1 million given in four instalments between 1999 and 2002. Plus interest. 26 year old Craig Commens and the Sherwin’s 19 year old daughter Maria (nicknamed Rusty) left Walhallow station together in 1986 when Dalby-born Craig worked for […]
AACo sale of properties to Primary Holdings International
December 31st, 2008On 22 December 2008 the AACo announced that Primary Holdings International were buying 5 AACo stations, and it is speculated to be a cluster of properties located between Queensland’s Cloncurry and the Gulf of Carpentaria. Primary Holdings International is a bit of a mystery at present, with the PHI website still under construction, and stuff-all […]
Investment in Agriculture
August 17th, 2008An excellent discussion on investment in agriculture, on ABC Television’s Landline programme: http://www.abc.net.au/landline/content/2006/s2240230.htm Directors on the Board of Management of Pastoral Companies used to consist almost entirely of board members who had a genuine hands-on (as in ‘hands dirty’) rural background. Unfortunately this has slowly been changing over recent decades, with the board members of […]