Monday, June 24, 2013

The Quaid Sugar Boom?

From the North Queensland Register: Banks move on cane land

Further north at Mossman, receivers BRI Ferrier have appointed Colliers International managing director Stacey Quaid to sell a 185 hectare cane farm. Most of the land is under sugar cane, with an expected 2013 production of about 10,800 tonnes.
"With the resurgence of sugar cane production in Mossman following a recent sale to Mackay Sugar, together with the expected economic benefit anticipated to flow from the stronger sugar price, we believe the properties should be readily contested," Mr Quaid said. The property could sell for between $1.5 million and $2.5 million.
Good to see that Stacey Quaid at least keeps up to date with sugar prices related to the cane land he is flogging! A 10% decline in the currency will be of limited support. Perhaps he is looking for a sea changer with a hobby in cane toads and large snakes?

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