Dalby, 24 July (Argus) — Australian investment bank Macquarie Asset Management has announced plans to sell Australian agricultural land firm Paraway Pastoral following a strategic review and investor consultations.
The sale could attract interest from domestic and international investors because of the scale of landholding and the growing global demand for sustainable agricultural assets.
Paraway is one of Australia’s largest agricultural landholders. Its land spans 4.4mn hectares across Queensland, New South Wales and Victoria. The company manages more than 450,000 head of sheep and cattle and operates 28 stations focused on cattle, sheep and cropping.
Macquarie Agricultural Funds Management has wholly owned the company since its inception in 2007. It exports beef and grain to key international markets including the US, China, South Korea and Japan.
Paraway is also involved in carbon farming. The company has implemented the beef cattle herd management carbon credit method since 2016, earning 300,776 Australian Carbon Credit Units (ACCUs) as of December 2024. The company generated these credits by improving pasture quality, supplement feeding, enhancing reproduction management and upgrading infrastructure, such as fencing, to better control herd movement.
By Amy Phillips
