Argentinian Family Buys Aroona Station for $44M

0:00Here's more Sydney news for March 20th. An Argentinian family has expanded its presence in Australia's cattle industry by buying Arunas Station in the Northern Territory for $44 million. The purchase was made through cross-specific investments, backed by the Baratovich family, known for large-scale cropping operations. The family already owns several other stations in the area, including Scott Creek, Manballu, and Sterdowns, which they snapped up in 20, 19 for $43 million. They added Stapleton Station in 2021 for about $7.3 million. Arunas was previously held by mining magnate Gina Reinhart, who bought it in 2017 for $13.5 million and sold it for. Years later, to South Australia's DeGeorgio family for $22.75 million. The DeGeorgio's, who run a winery and livestock there, flipped it after keeping operations steady. The station sits southwest of Catherine, with reliable 900 millimeters of annual rainfall,

1:03making it a top breeder block. Agents marketed it for two years, highlighting its varied terrain from flood plains to escarpments and a recent permit allows clearing nearly four thousand hectares. Meanwhile, the Baratovich family's roots go back over 100 years with expertise and grains and cotton across South America and the United States. They plan to prioritize cropping over cattle on their northern territory properties. This DNA story comes to you thanks to our sponsor. Your bedtime ritual just got better. Built in Sound, Built in Comfort, S-O-L-I, solelypillow.com