NEWS

Katherine Cotton Gin opening marks a milestone for Northern Territory agriculture

Blackbull Station sold to agricultural investment fund with plans to expand dryland cotton 

An agricultural investment fund has paid around $25 million for 14,300 hectares of freehold land in the Northern Territory's Douglas Daly region, with plans to expand its dryland cropping operation.

The first major land acquisition for dryland cotton production in the Northern Territory has been made following the sale of the top end grazing property Blackbull Station.

Australia is expected to deliver its best summer crop on record despite a challenging year for farmers.