In 2023, an Australian cattle station sold for $40 million with plans for a major carbon project; three years later it has resold for $26 million after the project never happened

After a disappointing turn of events, Benmara Station, a prominent cattle property in Australia, was sold for A$26 million, significantly lower than its original price of A$40 million. This decline resulted from the cancellation of an ambitious environmental project related to carbon farming, emphasizing traditional pastoral values instead of its former carbon potential as regulatory challenges mounted.