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Pastoral property with grazing cattle, green grassland, trees along waterline, rolling hills under cloudy sky.
✓ ABC NewsMoney & Work

CPC buys NT station and 2,956 megalitres of water for $47.4m

Consolidated Pastoral Company bought Vermelha Station for $47.4 million. The purchase includes about 15,000 cattle and water rights for 2,956 megalitres a year.

Why it mattersCPC is becoming the NT's biggest farm operator and water user. This shapes regional development.

AustraliaForeign control of Australian agricultural land continues to increase, with British investors now operating stations across multiple Australian regions.

✓ Claims checked against the source. checked 7 h ago

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