Business
Family-owned cotton farm sells for speculated $100 million to Australian interests – ABC News
One of Australia’s best mixed-farming operations, near the border town of Goondiwindi, sells for a “significant” price in a rare offering of premium irrigation…
One of Australia’s best mixed-farming operations with more than 6,000 megalitres of water entitlements has sold for a speculated price of about $100 million.
Key points:
- Industry sources have speculated the farm sold for $100 million, but the final price tag is confidential
- The property is a renowned producer of irrigated cotton and has more than 6,000ML of water entitlements
- The farm sold to an Australian, family-owned entity and will not be subject to foreign investment review
The sale price and…
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