CBD Melbourne: Taylor bids farewell to the ranch

  • Taylor’s agricultural interests have, for some years, been under heightened scrutiny after the Commonwealth forked out some $80 million to buy water rights held by Eastern Australia Agriculture, another company associated with Taylor (although that relationship ended long before the deal was struck).
  • In more recent years, Growth Farms Australia has been managing two sprawling Queensland stations – Clyde and Kia Ora – as well as Sir Michael’s recently-acquired Cheviot Hills sheep farm in regional Victoria.
  • Last year the fund forked out $25 million to buy Seven billionaire Kerry Stokes’ Cygnet Park Farms operation on Kangaroo Island.

Read full article: theage.com.au