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Duxton Farms leases 24,000 hectares in Northern Territory, Australia, to expand agriculture post-flooding.
Duxton Farms, an Australian company, has leased 24,000 hectares of land in the Northern Territory (NT), near Darwin, to diversify its agricultural investments after flooding in New South Wales.
The company will pay $328,000 annually for an eight-year lease with options for longer terms or potential ownership.
Duxton aims to develop high-value crops and horticulture, boosting the NT's agricultural economy and creating jobs.
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Duxton Farms alquila 24.000 hectáreas en el Territorio del Norte, Australia, para ampliar la agricultura después de las inundaciones.