Finally, goodbye to GIC as growers get $21m

Vernon Graham
March 26 2020 - 4:30pm
START OF THE PROBLEMS: Growers line up to vote out the board of the Australian Wool Realisation and Promotion Organisation at Goulburn in 1998 which led to the creation of the Graziers Investment Company.
START OF THE PROBLEMS: Growers line up to vote out the board of the Australian Wool Realisation and Promotion Organisation at Goulburn in 1998 which led to the creation of the Graziers Investment Company.

A tortuous battle to wind up the defunct Graziers Investment Company (GIC) has finally ended with $21 million headed to its Australian woolgrower shareholders.

Vernon Graham

Vernon Graham

National machinery and property writer

Former editor of The Land, former Fairfax Media Agricultural Editor

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