Farms on the block

AACo (the Australian Agricultural Company) is selling two Queensland properties: the large Brighton Downs cattle spread and the smaller Adelong property.

Brighton Downs is a 420,000-hectare cattle spread in Queensland, described in the article as one of AACo's significant pastoral holdings.

The Adelong property being sold by AACo covers about 5,200 hectares, according to the article.

The article says AACo is looking to raise more than $15 million from the sale of Brighton Downs and Adelong.

The article states the cash raised from selling Brighton Downs and Adelong will be used to help build an abattoir in Darwin.

The proceeds—more than $15 million—are intended to help fund construction of an abattoir in Darwin, as reported in the article.

Based on the article, using sale proceeds to help build an abattoir in Darwin indicates AACo is directing capital toward processing infrastructure in the Northern Territory.

Everyday investors should watch for AACo’s official announcements and updates on the property sales and the Darwin abattoir project to understand timing, final sale proceeds, and any further details about how the funds will be deployed.