The entire breeding herd of cattle in the North is for sale in the employ of Gina Rine, to be provided with feed, and ready to ship for slaughter.
Seven ranches, 100,000 cattle, one feedlot, and two million hectares of land are offered in the Gina Rinehart Hancock Agriculture portfolio.
The properties are for sale: the Northern Territory's Aroona, Willeroo, and Western Australia's Nerrima and Ruby Plains
In addition to the 20,000 head-acre feedlot and cattle yards, Phoenix Park in Katherine is also for sale.
Real estate manager Tom Russo commented to ABC News: "it's difficult to conceive of anything occurring at this size, and it having taken place very frequently,"
Several cattle stations in Australia have recently been constructed and most of the Territory territory has been gained in that time period.
When you stop and think about it, it, it's incredible how quickly the Russo Agricultural firm has risen, Mr Russo said
The portfolios will be continuing to include northern Australian cattle, and beef and dairy on the east coast of Australia.
Far from it, it, this is just the beginning of agricultural development.
Agriculture and its S Kidman and Co. joint venture are searching for expressions of their stations and feedlots, they claim.
Although our long-term goal is to operate as an integrated beef producer, we expect to be contacted by both domestic and foreign investors due to the opportunities and savings that can be gained by carrying out operations as a single company.
a decrease in worldwide demand for beef products
According to Mr Russo, in the light of global developments, the northern cattle industry was having a lot of luck.
We are seeing ever-growing populations in key export markets, and in many cases from staples to more nutrient-dense foods are becoming popular, he added. We are also seeing increasing populations in the middle class favoring high-quality foods and foods made with more nutrients are becoming more popular.
Numerous investors worldwide can see the need for what we're doing in the north of Australia and then go for it.
he brushed aside suggestions that this was going through rapidly due to Hancock Agriculture's rapid growth in the last decade
Wileroo Station was purchased by Hancock Agriculture in 2017 by these owners. He has another property for sale: Aroona Park and Phoenix Park.
Relatively speaking, it was just a small part of the Hancock Agribusiness portfolio
As with any company, there are times you revise your investment portfolio.
sales staff should not be worried
During the auction, Elders noted that the management and staff on cattle stations would be seen as valuable assets.
The first expression of interest will start in March and end by the end of April 23 when a list of qualified bidders will inspect and make an offer after the rainy season has ended.
Mr Russo responded that transactions would occur in the next two to three months, but wouldn't elaborate on the amount.
There could be estimates out there that are too low, so I don't want to say any specific numbers.