Rural Equities sells second-largest property

Mon, 13 May 2019

By Gavin Evans May 14 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, has agreed to sell its second-largest property as it rejigs its portfolio. Puketotara, a beef and sheep finishing operation near Huntly, covers 1,146 hectares and typically carries 12,000 stock. The company, which trades on the Unlisted exchange, said it expects about $11.7 million from the sale including livestock. The deal will settle on June 20. The sale is the sixth the Hastings-based firm has announced since June. R...

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