UK livestock firm buys NT's Benmara Station for $26 million, far below 2023 price

Benmara Station, a 450,000-hectare cattle property in the Barkly region of the Northern Territory, changed ownership on September 2 for $26 million, purchased by UK-based livestock producer Shaun Davis under the newly created Benmara Land Holdings. The sale price is $14 million lower than the $40 million paid by Sam Mitchell’s WealthCheck in 2023, when the land was bought without cattle. WealthCheck, together with US partner Hartree, intended to run a large carbon project using the Human Induced Regeneration methodology, but the scheme never generated carbon credits and was revoked in December 2025 after the federal government discontinued the method.

After WealthCheck entered liquidation in 2024, the station was listed for sale in 2025 with a “price to sell” of $35 million and settled at $26 million. CBRE Agribusiness, the listing agent, described the property as largely destocked for the past 18 months, with an estimated carrying capacity of 17,500 adult equivalents and significant development potential. At the same time, WealthCheck’s other properties, Maryfield and Limbunya Stations, have been relisted for sale.