Rural Funds Management to buy QLD cattle property

Company News

by Rachael Jones

Rural Funds Management (ASX:RFM) - manager for the Rural Funds Group (ASX:RFF), has entered into a contract to acquire a cattle property in central Queensland.

The purchase price of $15.7m will be debt funded.

Comanche is a 7,600 hectare property suited to both breeding and backgrounding cattle.

The property offers opportunities for productivity enhancements similar to those proven on Rewan – a central Queensland cattle property acquired by RFF in July 2016.

Rural Funds Group (ASX:RFF) owns a diversified portfolio of high quality Australian agricultural assets.

Shares in Rural Funds Group (ASX:RFF) are up 0.5% to $2.02

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.