Not sure I would hung up on the pastoral/cropping businesses, they are pretty small. The whole idea there was that by owning the land they pay no royalties and have no arguments, if they get a few dollars each year from sales of weaners and a few tonne of barley, sweet. To put it into perspective, the gross margin on barley in that region would be a few hundred dollars per ha, particularly with the hard finish in 2017.
Eyes on the game here
Not sure I would hung up on the pastoral/cropping businesses,...
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