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Australia's Benmara Station resells at $26m after carbon farming project collapses

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Benmara Station, a major cattle property in Australia, has been resold for A$26 million, well below its previous purchase price of A$40 million. The significant drop in value followed the collapse of a planned carbon farming project that had originally driven up the property's worth. Regulatory hurdles proved too great for the environmental initiative to move forward, forcing a change in direction. The station has since reverted to its traditional pastoral use, reflecting the priorities of its new buyers.

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