News


Hancock Agriculture sells properties to Australian farming families

Gina Rinehart’s agricultural business secured an ‘excellent outcome’ through the sale, which included two properties not part of the original divestment planElders said in a statement that the sale was “consistent with Hancock Agriculture’s strategy of divesting properties where it had already invested to improve them,” with significant investment made to improve the productivity and condition of each station. Capital raised from the sales will be reinvested in Hancock Agriculture’s other agricultural operations. The firm said it had already purchased another property in Queensland with further opportunities under consideration. “The high quality of these properties after investment by Hancock Agriculture and their management under its ownership was evident in the level of interest received and the feedback from multiple parties that visited the properties, praising the status of the properties and the condition of the cattle,” Russo said.


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Katherine’s Phoenix Park gets new owner as a part of Hancock selloff

A Hancock Agriculture spokesperson confirmed that Hancock Agriculture was delighted to have entered into the transactions with experienced Australian producers, stating “this is an excellent outcome which has ensured that the stations will continue to be operated under good, experienced stewardship by quality industry participants who share our dedication to Australian agriculture, and to our culture, that “happy healthy cattle are the best cattle”.


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Gina Rinehart’s Hancock Agriculture has sold several cattle stations across Western Australia and South Australia

Elders said a commitment made at the time to modernise and improve the properties had been realised. “Significant investment was also made to improve the productivity and condition of the stations, including developing and expanding water infrastructure, which better positions the properties to operate during periods of low rainfall, improved employee safety and cattle handling equipment, shading across stock yards and water troughs, which improves animal welfare, and investing in widespread extensive digital UHF systems,” Elders said.


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Three more Hancock stations go under contract

“The high quality of these properties after investment by Hancock Agriculture and their management under its ownership was evident in the level of interest received and the feedback from multiple parties that visited the properties, praising the status of the properties and the condition of the cattle.” “This high level of very positive interest was further reflected in a strong level of offers being received, with the result of several Australian farming families having been successful in acquiring these stations and expanding their enterprises. “It really is exciting to see such a strong level of confidence and willingness to invest in the future of northern Australian beef production from such successful and well credentialled Australian family owned businesses.


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Australia’s rural property market: Agents predict 2022 farm prices

Rural property prices have soared this year, but with an unprecedented set of market conditions, what are agents expecting for the new year? A “perfect storm” of variables has fuelled Australia’s booming rural property market this year. Farms became even more attractive assets to buyers, with high commodity prices, low interest rates, quality seasonal conditions and access to affordable capital all contributing to the boom.


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Eating less meat no climate solution

AUSTRALIAN-SPECIFIC research is showing the climate benefits of reducing red meat consumption below amounts recommended in dietary guidelines is small and could create negative environmental trade-offs such as higher water scarcity. The industry’s big service provider Meat & Livestock Australia has released a fascinating report on the topic, which draws extensively from research conducted by CSIRO and other institutions. Against a backdrop of increasing calls for affluent societies to significantly cut red meat consumption in the name of the environment, the work shows getting Australians to eat less beef is not an effective climate solution.


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