Duxton Farms signs a five-year lease on the 141,000-hectare Mountain Valley Station with plans to trial dryland cotton among other broadacre crops.
abc.net.au/news/mountain-valley-station-lease-duxton-farms-cotton/101773228An ASX-listed agricultural company has leased a cattle station in Central Arnhem Land with plans to trial dryland cotton on the property.The company plans to develop broadacre cropping, including cottonDuxton Farms has signed a five-year lease on the 141,000-hectare Mountain Valley Station — 540 kilometres south-east of Darwin — and purchased 2,700 head of cattle, as well as plant and equipment on the property.
In an update to the ASX, the company announced it had leased Mountain Valley out of the need for "geographic diversification" of its agricultural portfolio. "The company will look to expand the station's cattle program by converting grazing land to dryland cropping land to grow fodder crops such as millet, lucerne, and sorghum, which will underpin an increased carrying capacity," Duxton's ASX announcement said.
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