Two More NT Cattle Stations up for Sale While a Third Has Sold for $26 Million
Benmara was bought by UK livestock producer Shaun Davis after a carbon project was revoked and the station was largely destocked, agents said.
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9 Articles
In 2023, an Australian cattle station sold for $40 million with plans for a major carbon project; three years later it has resold for $26 million after the project never happened
After a disappointing turn of events, Benmara Station, a prominent cattle property in Australia, was sold for A$26 million, significantly lower than its original price of A$40 million. This decline resulted from the cancellation of an ambitious environmental project related to carbon farming, emphasizing traditional pastoral values instead of its former carbon potential as regulatory challenges mounted.
In 2023, an Australian cattle station sold for $40 million with plans for a major carbon project; three years later it has resold for $26 million after the project never happened - THE LOCAL REPORT ARTICLES
Benmara Station has been snapped up by UK-based livestock producer Shaun Davis. (Supplied: CBRE) A huge cattle station in Australia’s Northern Territory, bought for A$40 million during the height of the carbon farming boom, has been resold for A$26 million after plans for a major environmental project fell apart. Benmara Station, a 451,176-hectare pastoral property […]
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