Who owns Australia? You’d be surprised to learn that the billion dollar barons of our farmland are a Canadian government worker super fund, a New York teacher insurance fund and an Australian pastoral giant backed by a Dutch pension fund.
These three groups, the Canadian PSP Investments, the New York Teachers Insurance and Annuity Association of America and Macquarie Agriculture own a total of 6.3 million hectares of our agricultural land, AgJournal has revealed.
While the largest owner of Australian land by size is Gina Rinehart’s Hancock Prospecting – with 9.7 million hectares – the hectares owned by the top three are worth more than $7.4 billion.
