Grimwade & Gordon Exits Queensland Pastoral Industry After Property Sales
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Major livestock producer Grimwade & Gordon completed its exit from the Queensland pastoral industry by selling its Cunnamulla properties, Warrambah and Yankalilla. Warrambah sold to three local landholders, while Yankalilla was sold off-market to a NSW-based farming family. The company's exit followed the death of George Grimwade, the managing director.
From farmweekly.com.au
Why it matters
The sale of these large properties, which are likely worth over $20 million each, reflects shifts within the Queensland pastoral industry. The transaction occurred while Nutrien provided market commentary on stud sale trends in Queensland.
Nutrien provided market commentary and reported on stud sale trends in Queensland.
From farmweekly.com.au
Who's involved
- QueenslandState where the pastoral industry operates