Cotton under establishment on Blackbull, on the NT’s Daly River
The first major land acquisition for dryland cotton production in the Northern Territory has been made following the sale of the top end grazing property Blackbull Station.
Fund manager Australian Agricultural Growth Partners is believed to have paid around $30 million for the 14,342ha holding in the Douglas Daly region, south of Darwin. If proven accurate, the price represents a significant premium over grazing land value in the region.
The new owners are New South Wales-based and deal in agribusiness, asset management,…
