Story thread · 2 reports / 2 sources

$40m cattle station resells for $26m after planned carbon project falls through

timesofindia.indiatimes.com · 6dShare

After a disappointing turn of events, Benmara Station, a prominent cattle property in Australia, was sold for A$26 million, significantly lower than its original price of A$40 million. This decline resulted from the cancellation of an ambitious environmental project related to carbon farming, emphasizing traditional pastoral values instead of its former carbon potential as regulatory challenges mounted.

First report: NT cattle station sells for $26m after carbon plan crashes — abc.net.au, 7d