American investors have delivered a massive vote of confidence in Australia’s $84-billion agriculture sector, after spending $1.1 billion buying up two huge farming portfolios in NSW and Queensland.
The acquisition of the Australian Food & Agriculture Company for $780 million includes 95,000 merino sheep.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
