Hereford cattle on Stuart’s Creek
QUEENSLAND government backed investment fund, QIC has confirmed its purchase of Roma district grazing property Stuart’s Creek – the last remaining asset held by regenerative ag-focussed Packhorse Pastoral Co.
The sale effectively brings to a close the operations of Packhorse Pastoral, put together by Queensland investor Tom Strachan, who died tragically in an aircraft accident in August last year.
No price was disclosed, but as a guide Packhorse paid $30 million for 8400ha Stuart’s Creek in July 2021, including 800 breeders valued at around $3…
