
Gina Rinehart’s Hancock Agriculture will use beef profits to finance more property expansion
Ms Rinehart has famously sold off many of the enormous Kidman stations across central and northern Australia to continue her switch to feedlotting for her Wagyu and Santa Gertrudis brands. “Hancock Prospecting remains committed to increasing its investment in the agricultural sector,” the company states in its annual financial report produced this week. The company said the substantial profits made from its beef operations “are being re-invested in high quality properties as opportunities of value are identified”.