THE family of businessman Rodney Price has sold Toronga Station at Hay in the NSW Riverina for about $9 million.
Mr Price – a former chairman of John Fairfax Holdings and Brierley Investments – filed for bankruptcy in July last year around the time the family's agriculture company, Four Arrows, was selling its extensive rural holdings totalling 77,000 hectares of mixed farming land in the Riverina.
The former chairman of insurance group Edward Lumley, Anthony Crichton-Brown, bought the 34,530-hectare mixed farming property, reports The Australian Financial Review.
Toronga has been a profitable part of the Four Arrows Group. It has 2550 hectares developed for irrigation and can carry about 1800 breeding cows and 4000 sheep.
Meares and Associates' Chris Meares and Elders' John Dalton negotiated the sale.
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