US AGRIBUSINESS giant Cargill has swooped on the Riverina by purchasing the historic Billabong Station near Wagga Wagga.
The Weekly Times understands Cargill's hedge fund Black River Asset Management has acquired a large portion of Temora logistics and agriculture business, BFB, which bought Billabong Station after it was passed in at auction for $8.8 million in October last year.
The final price is believed to be $9-$10 million.
BFB managing director Terry Brabin said the property would be farmed in accordance with the company's established farming practices.
Cargill's Australian investments now exceed $US260 million and also includes the AWB trading and origination arm.