YepSupported by todays press:
https://thewest.com.au/business/wa-mega-farm-up-for-grabs-in-wheatbelt-for-85m-ng-b88834347z
WA’s biggest broadacre farmer, John Nicoletti, has put his full 200,000ha portfolio in the eastern and northern Wheatbelt on the market, with a price tag of between $75 million and $85 million.
Three years ago, after a string of bad seasons led to high debts, Mr Nicoletti sold 70,000ha, the biggest single offering of freehold land in WA history, to Hong Kong-based Chinese interest CK Life Sciences for $36 million ...
Mr Nicoletti said the time was right for him to exit farming, but he was not retiring and would put more effort into his string of John Deere dealerships throughout the Wheatbelt.
“I’m 64, going on 65. If I was 10 years younger I wouldn’t be doing this,” he said.
For the others on this thread; I agree the big corporations are buying in on the assets. Farms will still be run and operated by farmers.
It can go both ways as well. Wellards, an Italian private company, started buying up a decade or so ago... and recently have started to sell out. One of their big properties were purchased by a company that is an Australian farming company. Just because it's a company/corporation doesn't mean they aren't farmers.... that's a bit like saying BHP aren't miners.
https://thewest.com.au/countryman/news/wellard-chiefsells-grangefor-32m-ng-b88722377z