Australian cattle station bought by South African family against backdrop of fear at home – Xinhua

CANBERRA, June 11 (Xinhua) — The Northern Territory’s extensive Mount McMinn Station has been bought by a South African pastoral family amid fears over land security and violence towards farmers in their own country.

The 81,000-hectare property in the Roper Valley, east of Katherine, was scheduled to be auctioned last month, but after the Cahill family received an offer, the station was put under contract and the purchase has now been finalized.

The station was sold for a reported 5.8 million U.S. dollars, complete with 3,000 head of cattle, plant and equipment.

The buyers looked to Australia’s Northern Territory to diversify their agricultural investments following attacks on South African landholders and the increasing danger of farming in their homeland.

The purchase comes after federal…

Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.