This article is from the Australian Property Journal archive
A NEW agricultural enterprise centred around reducing emissions in Australia has been officially launched by Corporate Carbon Group.
Paniri Agricultural Co. is a new asset management and agribusiness branch within Corporate Carbon, with the goal of fast-tracking the transformation to an environmentally-driven agriculture industry.
Its portfolio has been kickstarted through the $29 million acquisition of the 434,000ha Holroyd aggregation on the Cape York Peninsula which includes the Holroyd River, Crystalvale and Yarraden cattle stations. Combined with the Watson River station which was purchased in September 2022, Paniri Agricultural’s portfolio already covers almost 522,000 hectares in the Cape York Peninsula region. Their overall portfolio consists of 1.3 million hectares that they plan on transforming into sustainable agriculture.
Corporate Carbon Group also spent $28.9 million on an expansive cattle station property in the Northern Territory late last year.
The 187,200 ha Ban Ban Springs Station in the NT was secured by the company to use it as a savanna fire management carbon project.
Managing director of Corporate Carbon and chairman of Paniri Agricultural Co. Gary Wyatt says that the environmental methods taken to the ag sector can be a beneficial change for the future.
“As a company that’s been engaged in the carbon farming industry from the very start, we’ve combined this experience with the best in agribusiness, creating a unique opportunity for us to drive positive impact at scale with Paniri Agricultural Co,” Wyatt said.
“It’s our view that agriculture and the environment can exist in balance, where our approach will reduce emissions while improving agricultural production – promoting sustainability by increasing biodiversity and improving the soil, pastures, natural vegetation and ecosystems.”
“In taking the approach to blend the methodologies of our carbon projects with agriculture, it’s our aim to contribute positively to the challenges facing the ag sector, in particular the cattle industry and its environmental footprint. It’s an important challenge and we don’t have all the answers, but believe the co-benefits of the dual activities could help secure the future of agriculture and set us up to become a leading natural asset manager,” he said.
Paniri Agricultural Co. have appointed Luke and Ally Quartermaine as regional managers across Northern Queensland operations. The Quartermaine family owned the Watson River station for 35 years before Paniri took over, however they joined together with aligning visions for the region of Cape York.
“Paniri Agricultural Co.’s emphasis on meaningful agriculture closely aligns to our vision for the region, which is encouraging. There is enormous potential in Cape York, with quality cattle and talented people doing great work that we look forward to growing,” said Ally Quartermaine.
“We’re cattle producers at heart and are passionate about the future of our industry. By marrying these practices we have the opportunity to better the agricultural industry and create a positive impact for our herd, land and environment,” added Luke.
