Noosa News
Rupert Murdoch’s NSW wool property Cavan Station signs $500,000 carbon deal with Microsoft
A historic wool property owned by Rupert Murdoch has signed a $500,000 deal to sell carbon credits to Microsoft Corporation.
Key points:
- Rupert Murdoch bought the historic NSW wool property Cavan Station in the 1960s
- A $500,000 three-year deal has now been struck between the property and Microsoft Corporation to sell carbon credits
- The carbon farming venture is a consequence of “better grazing management”
Wool has been grown on Cavan Station near Yass in southern New South Wales since 1820 and it was one of the pioneer studs in the fine-wool industry.
Bought by Murdoch in the mid-1960s, the 20,000-hectare property is being used for a new type of innovation within the regenerative agriculture field.
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