Olympic silver medallist and current world champion snowboard Jarryd Hughes talks to us from the Games and welcomes Mrs Rinehart and the Hancock Group to the Olympic family and thanks for the support to help Australia win GOLD! #olympics #olympics2022
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.
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”.
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.
“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.
“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, as reported by The Australian.
Cutting red tape would be critical to accomplishing that, Dr Brett said. The cost of gaining approval from regulators to develop cropping country, he said, took a prohibitive amount of time and money. “Let’s get on track to start developing up here, there’s a lot of assets and suitable country that just go to waste,” Dr Brett said.
In a year where extraordinary prices for all store and slaughter cattle have become almost routine, there have still been examples of highly-innovative, adventurous, gutsy and market-savvy marketing plans put in place by vendors and their agents across the country to try to optimise their outcome.
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.
