News Land market
Mega organic company of 1,65 million hectares sold
Australia's second largest livestock farm has a new owner. This concerns a total of more than 1 million hectares of land, on which approximately 1,65 head of organic beef cattle graze. To put the whole in perspective: the size of the company is more than half of Belgium.
Clifton Hills Station is the Australian variant of an American ranch; very much outback, with a few buildings and relatively few livestock. There are a maximum of 21.500 animals on the farm, which the new owner can take over. It is the largest organic company on the continent and has been for sale since autumn 2018.
Investors
It made the company interesting for investors, because it could be sold as a running concern. Clifton Hills is now owned by Australian investors Viv Oldfield and Donny Costello, who made their living from horse racing and a transport company. Company; Crown Point Pastoral Company, already owns additional businesses in the state of Northern Territory and South Australia.
The buyer and seller did not disclose how much was paid for the company. Farm Weekly writes that the land was estimated to be worth about $34 million. The total amount (including animals and buildings) would be between $45 and $50 million Australian dollars, or €28 to €31,5 million.
The 2 entrepreneurs already bought a station in the north of the country in April 2018 for about $15 million. With the latest purchase, it now has 5 livestock farms with 71.500 beef cattle.
Land deals
Australia's largest livestock farm is owned by the Kidman family, who opened it in 2015. buy put. And according to information on the internet, it is still in the hands of this family. Large land deals often take place in the country. This usually concerns poor soils, which are not suitable for arable farming. In mid-2018, a huge arable farm caused a lot of commotion on the land market.
Nicoletti received 47 bids on the 200.000 hectare farm, only 1 of which was from Australia. The politicians in the country are not happy about that. Earlier, Chinese investors were thwarted in their purchasing plans. Saudi Arabia is another country that invests heavily in large companies in order to be self-sufficient in their food supply. They also have it on Australia coined† In 2018, an oil sheik bought the largest arable farm in Europe.
Niels van der Boom
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