A new era begins today for Australia's largest cotton farm.
After more than three years in administration, Cubbie Station near Dirranbandi, in Queensland's southern inland, will be handed over a Chinese-led consortium today.
The St George Chamber of Commerce president John Travers says locals have been concerned about the foreign ownership of Cubbie but it is time to move on.
"We haven't got investors in Australia to enter into these ventures unfortunately, so you've got to take the next best thing and that's foreign investment," he said.
"We've just got to work the best with it as we can and I'm sure with the staff they've got there they'll do a good job." The chamber says it hopes the new owners will bring stability to the local economy.
Mr Travers says the new owners appear to have retained staff and are continuing to work with local contractors.
"Overall, yes [a] very vital business in this area and we want to see it continue and that's why there's been so much opinion given on Cubbie because everyone realises without [it] we would be way behind," he said.