The NT Land Corporation holds Crown Lease Perpetual 1478 over part of the former Wildman River Station. The Wildman Agricultural Precinct is a 250 square kilometre parcel on Point Stuart Road.
The area was acquired for agricultural development in the early 80s. Recent studies prepared by CSIRO on behalf of the Australian Government confirm the viability of the area for agricultural development. The NT Land Corporation is proposing to develop the area as an agricultural precinct.