Australia won't sell world's largest ranch to foreigners

Canberra, Australia • The Australian government announced on Thursday it had barred foreigners from buying a company that owns the world’s largest cattle ranch and other Australian farmland greater in area than South Korea. The company, S. Kidman & Co. Ltd., owns 10 cattle ranches, a bull breeding stud and a feed lot covering 39,155 square miles in four states. That’s an area bigger than South Korea and almost as big as the U.S. state of Virginia. Treasurer Scott Morrison said that Australia’s F......