News

Russia’s invasion of Ukraine has exploded our renewables myth

The devastating Russian invasion of Ukraine has captured global ­attention. While the world’s focus is rightly on the human toll and suffering, the crisis has highlighted the need to end reliance on Russian oil and gas. To achieve that ambition, we must be pragmatic and invest in sensible alternatives, not engage in wishful thinking about renewable energy.

Read More

Pastoralists and Graziers Association claim Kimberley’s future at crossroads due to Fitzroy River catchment

“Central to their emotive claims is the never-ending myth around continuing plans for large-scale water extraction from the Fitzroy River and its tributaries, including shelving the proposed surface water allocation limit 300 gigalitres a year under the McGowan Government’s Fitzroy water allocation plan” he said. “At a time when the unemployment rate in the Kimberley remains significantly higher than the rest of the State, especially among our Indigenous youth, denying this vital and valuable industry the opportunity to not only increase cattle production but expand into agricultural activities, by prohibiting sustainable access to water, will not only create a very bleak future for the Kimberley but for the rest of Western Australia as well,” Mr Seabrook said.

Read More

Hancock Agriculture | Statement | Gina buys $28m grain, cotton farm | Media

Hancock Agriculture is committed to supporting its cattle production through the acquisition of high quality broadacre cropping properties with water allocations. Warra Warra is an example of a strong property that will assist in providing a supply of feed for our cattle, especially our 2GR Wagyu properties on the east coast. We look forward to developing this capacity further.

Read More

Gina Rinehart’s Hancock Agriculture buys first grain and cotton farm with $28m deal for Queensland farm

WA mining and cattle magnate Gina RInehart is diversifying her agriculture portfolio into grain and cotton production, starting with the purchase of a rumoured $28 million farm in Queensland. Hancock Agriculture chief executive John McKillop, who joined the group in November, said the business was diversifying its portfolio into cropping with secure water rights as well as higher rainfall, grazing and dryland farming. “As all things undertaken by the chairman, Mrs Rinehart, there is a strong commitment to improvements in the infrastructure and productivity of the assets,” Mr McKillop said.

Read More

Hancock buys into Downs cropping with Warra Warra purchase

GINA Rinehart’s Hancock Agriculture has made what is believed to be its first foray into dedicated cropping country, with the purchase of Warra Warra on Queensland’s Western Downs. The purchase is understood to be a dedicated grain play, not necessarily integrated into the company’s cattle or lotfeeding interests. Industry sources have suggested a price of $27-$28 million.Hancock Agriculture said the rationale for the purchase was to diversify the company’s investment portfolio by securing high-quality farming land and water.

Read More

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.

Read More

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”.

Read More
Back to top