A wagyu beef farm near Mudgee that formed part of the agricultural and horse breeding empire of Eduardo Cojuangco jnr, a billionaire businessman and crony of Filipino dictator Ferdinand Marcos, has been snapped up for almost $17 million by Galileo property boss and champion horse race owner Neil Werrett.

The 3342-hectare property known as Biraganbil housed the commercial wagyu beef operations of Gooree Park, which Mr Cojuangco owned, developed and expanded after he was forced into exile in 1986 following the ousting of the Marcos regime.