Selling Farm No Easy Decision, Owners Say

Selling farm no easy decision, owners say

Ardgour Station owners Linda and Bruce Jolly have sold their sheep and beef farm to Santana Minerals, but the cherry and apricot orchards (pictured) will be retained and continue operating on the Tarras property. PHOTO: SUPPLIED/HORTINVEST A family which has owned a Central Otago farm for 70 years says it was not an easy decision to sell up to miner Santana Minerals for $25 million.

Macquarie puts its sprawling Paraway agricultural empire on the block

The business is spread over 4.4 million hectares, and is expected to be worth more than $2.5 billion, attracting interest from major institutional investors.

Macquarie Bank set to offload 11 million acre Paraway Pastoral Company

Macquarie Bank plans to sell its Paraway Pastoral Company, spanning 4.48 million hectares, valued between $2.5-$3 billion.