Wagyu on the menu as producers dish up $300m in farmland deals
Australia’s leading Wagyu producers are betting on strong future demand for the premium beef product after spending over $300 million on prime grazing country in NSW and Victoria in the past 12 months – despite tumbling cattle prices.
In the latest deal, private equity-backed Stone Axe Pastoral has acquired the Moyhu Wagyu aggregation in Victoria’s King Valley from tax reform pioneer Bob Officer for about $25 million.
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