The Greensills have snapped up more than $40m of land in the Bundaberg region over the last five years as they expanded their agricultural operations into one of the biggest in the state.
The acquisitions have allowed the Greensills to expand their broadacre production of sweet potatoes, peanuts and cane to gain lucrative supply contracts with national food brands including Coles, Bega and Edgell.
But there are worrying signs the operations could be collateral damage in the fall out from the Greensill Capital collapse, with signs the farms are under some financial pressure. Greensill Capital was worth an estimated $7bn before it collapsed and entered voluntary administration on Tuesday morning.
Greensill, founded by Bundaberg-born Lex G…
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