CPC agrees to sell drought-stricken Ucharonidge Station on Barkly, reportedly for $30m, There is an emergency bushfire warning in place for Maintongoonin Victoria. The Inner Sanctum is a sample of Damon Kitney's finest catch over a decade of working for The Australian newspaper. "Even in Australia, where beef-industry standards are among the highest in the world, CPC stands apart for its commitment to protecting the environment, animal welfare, investing in people, good relations with Indonesia, and innovation. Moolooloo, Mt Sanford and Pigeon Hole have traditionally been run as outstations of VRD however they are now run more autonomously; though management is still overseen by the General Manager based on headstation Victoria River Downs. Commenting on the purchase of CPC, Guy Hands said CPC is a high-quality, well-run business with a strong position in a large and growing industry and proximity to major beef-consuming markets. Renewals occur unless cancelled in accordance with the full Terms and Conditions. Bell Commodities Limited owns Burrabogie Pastoral Company and F.S. NAPCo, Jumbuck Pastoral and S. Kidman & Co are all privately owned, century-old companies that dont buy or sell properties frequently. AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time), abc.net.au/news/malcolm-harris-buys-cpc-ucharonidge-station-nt/11219778, Get breaking news alerts directly to your phone with our app, Help keep family & friends informed by sharing this article, Marie has been charged with reprehensible crimes. Mr Setter said Mr Hands had a strong belief in the future of the beef industry in Australia. Great careers There are a number of other large family/family dynasty owned cattle station-owning companies. Bunda Station . CPC's big beef bosses in management buyout After offloading a third of its vast northern property portfolio during an 18-month selling spree, the Consolidated Pastoral Company is to sell the remainder of the big beef business to its own management. Home | About | Contact | Copyright | Report Content | Privacy | Cookie Policy | Terms & Conditions | Sitemap. The best-selling coffee-table style books A Million Acre Masterpiece & Life as an Australian Horseman contain nearly 500 photographs taken on many of Australias largest and most well known cattle stations. It owns and operates a portfolio. 79,970 hectares. AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time), abc.net.au/news/consolidated-pastoral-company-sale-to-guy-hands-finalised/12835104, Get breaking news alerts directly to your phone with our app, Help keep family & friends informed by sharing this article, Marie has been charged with reprehensible crimes. Carlton Hill, Ivanhoe and Argyle Downs are in the East Kimberley district of WA. We are currently inviting applicants for a number of positions. Is Nike An Australian Company? Top of the list is Ag Reserves Australia Ltd a company fully owned by the Utah (U.S.A.) based Church of Jesus Christ of Latter-Day Saints commonly known as Mormons. Images available for commercial use, and can be accompanied by quality captions and text. It owns and operates a portfolio of 15 cattle stations with a carrying capacity of 380,000 head of cattle across 4.7m hectares of land in Australia. Great careers Auvergne, Newry and Argyle Stations to a Vietnamese company. 11/30/2022 3:57 PM. "It was a walk-in-walk-out sale, and the property is reasonably de-stocked because of the drought," Mr Setter said. The Nobbs family retained ownership of Fitzroy Vale and Lake Learmonth (with very valuable irrigation) while the McCamleys retained ownership of Glenprairie. You already have a current subscription with us. Leased properties haveincluded Mt Tabor, Gifford, Lynbrydon, Dooloogarah, Mooga Hills, Gunadoo and Antion. your subscription to include digital access for free. Though Portland Downs was a highly regarded merino sheep stud, it now only runs cattle. John and Trish Dunnicliff, Grassy Pastoral Co,from a dairying enterprise called Boongara on King Island (Tasmania) bought the Elliott (NT) cattle stations Mungabroom and Beetaloo from Peter Sherwin for $20 million in 2003. With a focus on properties that run livestock and grow grain, oilseed, horticultural, citrus and fibre crops, including high water use crops such as cotton and rice, all properties are top-drawer; located on major inland rivers in western New South Wales. CPC has pastoral leases across the NT and Queensland totalling around 3.2 million hectares. "Our portfolio has strong geographic diversity as well as a valuable supply chain in Indonesia and remains attractive to buyers as a whole or in parts.". Carlton Hill, Ivanhoe and Argyle Downs are in the East Kimberley district of WA. Carpentaria Downs, Einasleigh QLD. If youre going away you can request to suspend your paper delivery through. February 27, 2023 . The portfolio has reduced dramatically in size in recent years. This means buying in Queenslands Channel Country, the larger Gulf places, some of the larger properties in the softer country in the central west; the best quality properties in the top half of the Northern Territory; and the southern half of the Kimberley region of Western Australia, with handy access to the main highway. Sir Graham McCamley and his late wife Shirley added renowned Malborough (central Qld) property Glenprairie to the family cattle station empire in 2005, when it was bought along with Fitzroy Vale and Lake Learmonth, in partnership with Allen and Carolynne Nobbs. Family and private owners of far western Queensland properties include Mike Gordons Bydand Pastoral Co, owner of sheep station Mount Margaret near Quilpie (on the market at present), plus NSW properties such as cattle station Cooplacurripa on the Manning River, near Nowendoc (north eastern NSW), and sheep property Old Bundemar near Trangie (western NSW). start right now. Principals of Acton Land and Cattle Co are brothers Graeme and Evan Acton. Extended family owners of Northern Territory cattle stations include the family of Ted & Kath Fogarty of the Alice Springs region (former owners of Mulga Park and Argadargada, and long term owners of Palmer Valley, Mount Ebenezer, Lilla Creek, Lucy Creek (Alan Fogarty) and Anningie (Steve Fogarty)), the family of Bill Tapp (Killarney, Victoria River District; Roper Valley, Mataranka; Ben Tapp Maryfield and Mountain View, also south of Katherine), the Townshend family (La Belle Downs and Welltree; Henry & Maria Townshend Tanumbirini, Cape Crawford [Heartbreak]); and the family of Pat Underwood, owners of Victoria River District cattle station Inverway; John & Terry Underwood Riveren and Bunda (Kalkaringi), and Midway (Douglas/Daly region). The Brooks family are based on Adria Downs. . Ideal corporate gifts, they can be easily mailed direct, worldwide. At the very least, it will provide a far more interesting bunch of memories than someone who just sat on the one place or who worked for just the one employer. ), owning Arrubury Station, Mt Leonard and Cluny, all in the Diamantina Shire (far western Queensland). It also explains how you can access or seek correction of your personal information, how you can complain about a breach of the Australian Privacy Principles and how we will deal with a complaint of that nature. Do you have a Paper Home Delivery subscription with access to the Digital Print Edition or a Carcase supply to Coles commenced in 1972, and organic processing certification was obtained in 2000. Renewals occur unless cancelled in accordance with the full Terms and Conditions. The Macquarie Group has also created a separate investment fund called Lawson Grains, specifically to purchase cropping enterprises. Employment in the pastoral industry: When it comes to employment in the bush, all pastoral companies, whether publicly or privately owned, and whether large or small, have their own advantages and disadvantages. CPC chief executive Troy Setter told ABC Rural that Ucharonidge would fit in well with Mr Harris' other cattle assets. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. The Venturin family have extensive business interests inDarwin, andown Finniss River Station and Murranji Station, having bought the latter from Danny Webb-Smith in late 2011. One of Australia's largest privately-owned cattle companies has been bought-out by a British investor for at least $500 million, ABC Rural understands. The station occupies an area of 2,949 km2 (294,900 Ha). Since its inception and the purchase of Venture Downs (QLD) in 2004, North Star Pastoral has continually grown and is proud to now be the custodians for over two million acres of land across the Northern Territory and Queensland. This was not always the case and it is probably only done these days to help secure the attention of prospective employees. william alvin pitt trucking company. Great careers The other half of the CPC-owned cattle stations are located in the Northern Territory Newry and Kirkimbie close to the NT/WA border, Auvergne, Humbert River and Manbulloo in the Victoria River District, Dungowan on the Murranji (Buchanan Highway), with Ucharonidge to the south and Newcastle Waters on the Stuart Highway, on the western edge of the Barkly Tableland. Former Vestey stations now owned by the Oxenford family include the historic and very large Victoria River District property, Wave Hill, plus neighbouring Cattle Creek; Morstone (Camooweal) and Oban (Mt Isa). There are also community and production advantages in cashed-up buyers who were raised in the bush but had to move to the city to earn a crust, like Andrew Forrest, buying back into the bush (usually, buying back the family farm they grew up on, as he did). Please do not ring or email asking for research information as unfortunately I do not have the resources to manage these kinds of enquiries. Purchased from Consolidated Pastoral Company in 2019 for almost $50 million. To cancel your subscription, please call Customer Support on 1300 MY NEWS (1300 696 Consolidated Pastoral Company is the largest privately owned beef producer in Australia. Field Ltd was registered in 1923 however the company story began back in England, where Thomas Alfred Field and Herbert Field were born. Anyone starting a career in the beef or wool industry is well advised to obtain as varied experience as possible working for a range of different owners and in locations across northern Australia, both large and small operators, spending at least a year at each place, before figuring out who to settle in with for a longer stretch. If you would like to upgrade your And they rarely receive publicity of any kind. Its the sort of experience that may be taken for granted at the time but could prove invaluable later in life. What is now the Australian Agricultural Company was created in New South Wales in 1824, and the last of the original NSW landholdings were sold only relatively recently Goonoo Goonoo near Tamworth in 1985 and Windy near Quirindi in 1996 (after 165 years of continuous ownership). Carpentaria Downs, Einasleigh QLD. Fv 27, 2023 . Sinclair Hill became well known outside of rural Australia when coaching Prince Charles and Kerry Packer inpolo. McDonald Holdings (MDH) is another family owned company that has now been around for a while, and as pointed out on the MDH website, it is the largest family owned and operated cattle station owning business (there are other large, family-owned pastoral companies however often the shareholders live in capital cities and do not actually work within the business, either on the ground or in the office). Consolidated Pastoral Company (CPC) is an Australian based Agrifood business with an enterprise value of $ 650 million. Company Description: Key Principal: COLLEEN MARIE COSTELLO See more contacts Industry: Beef cattle feedlots Printer Friendly View Address: PMB 32 ALICE SPRINGS, NORTHERN TERRITORY, 0872 Australia Phone: Employees (this site): Estimated Revenue: Modelled Year Started: Incorporated: ESG ranking: ESG industry average: What is D&B's ESG Ranking? If so, we are inviting you to upgrade The two Australians on the board of GP Cattle Pty Ltd are Warwick Yates of Ferrier Hodgson (Brisbane) and John Cox, Managing Director of Stanbroke Pastoral Company when it was sold by AMP. They buy a geographically diverse spread of good quality properties to guard against all the stations being hit by severe drought at the same time. Who owns the land in the Outback? Not in conjunction with any other offer. There are also large pastoral empires that have been built up over decades or even generations, then scaled back. The Hands Family Office invests on behalf of the Hands family and has a long and successful track record of diverse investments, including forestry, renewables, real estate and hospitality. Australias largest privately-owned beef producer, the Consolidated Pastoral Company has around 300,000 head of cattle at any one time and a massive 3.6 million hectares throughout the country. Then, after the initial 12 weeks it is $12 billed approximately 4 weekly. Jumbuck Pastoral-owned properties include cattle stations Meda, Kimberley Downs, Blina and Ellendale in the West Kimberley district of WA, sheep properties Rawlinna and Madura Plains in southern Western Australia; and sheep and cattle stations Gunbar and Tiarra in central western NSW. While they do usually crash and burn, no mud ever seems to stick almost none have ever received criminal convictions. This change has resulted in a reduction of permanent employees to a bare minimum skeleton staff on increasing numbers of cattle stations, with the employment of contractors for several frenetic weeks or months of the year to do the mustering. In 1989 Robert Holmes a Court bought some cattle stations from Sherwin Pastoral Company and the Holmes a Court family-owned company Heytesbury Beef still owns a number of cattle stations in northern Australia. T.A. Kimberley Station, Clermont QLD. (Sadly Nicholson is another station that has been downgraded to unmanned outstation status, in recent years. Consolidated Pastoral Company (CPC) has agreed to sell the Northern Territory's Manbulloo Station to an investment group with some foreign interests and lease it back, in a deal understood to be worth more than $25 million. This is an Headquartered in Perth, HSE Pastoral also owns Limbunya Station (NT), where a unique Life Skills Programme commenced in August 2010. Contact. These are listed on another blog page. Not available to any person who has previously breached any of our subscription terms and conditions. Why should I pay for a Digital Membership when I can access news for free on other sites? The report contains detailed information about PARAWAY PASTORAL COMPANY LIMITED ( ACN 122572641 , ABN 14 122 572 641 ) and its directors including a credit rating score to quickly establish if you want to extend credit to the company. Subscription automatically renews at least 24 hours before the end of the current billing period. CPC's properties include Newcastle Waters made famous when it was purchased by Kerry Packer in 1983 Bunda, Dungowan . These include Birrindudu, between Halls Creek and Kalkaringi, just north of the Tanami Desert; and what is arguably Australias most well known cattle station amongst the general public, Victoria River Downs. Downs. "Coronavirus slowed down getting the last bit of it done, but we always thought it would take a couple of years.". "In terms of a balanced investment portfolio having exposure to Australian agriculture and one of the fastest-growing consumer markets in the world with our investment in Indonesia, and the consumer demand throughout the world for Australian agribusiness is a really good theme to be invested in, in the long term," he said. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. The Menegazzo familys Stanbroke Pastoral (formerly publicly owned, though then on a much larger scale, by insurance giant AMP Limited) owns a number of northern cattle stations. Anna Creek became the headquarters of the giant pastoral block under the management of the McLean and the Nunn families, an association that continued for 100 years. There are some advantages in properties being owned by large companies. I am constantly puzzled by this group of people. To upgrade, call 1300 MY NEWS (696 397). Chesterfield Station, Clermont QLD. The final constitutional ties between the United Kingdom and Australia ended in 1986 with the passing of the Australia Act 1986. He grew up in Mt Isa, worked for Mount Isa Mining (MIM), created the independent Choice Petroleum Company in 2000 (sold to Ausfuel majorshareholder is Archer Capital in December 2011) and has interests in a steel company Steelforce Australia. In 2008 Allendale station (Augathella) was added to Western Grazing Companys considerable portfolio. Phone Number +61 (0)7 3174 5200. These stations include Glengyle on Eyre Creek, Durrie on the Diamantina River, Morney Plains on Morney Creek, neighbouring Morraberree on Farrars Creek and the Diamantina River, Durham Downs and Nappamerrie on Cooper Creek, and Naryilco on Warry Warry Creek with the tail end of the Wilson River and Cooper Channels in the north. Tipperary is held under the companies names of Tovehead Pty Ltd and Branir Pty Ltd. Purchased in 1996. How much of Australia is owned by Aboriginal? Key points: Manbulloo Station is the seventh station to be sold since CPC put its properties on the market in March 2018 Nicholson is now run as an outstation of Flora Valley.) CPC owns and operates a portfolio of nine station aggregations in Australia and two feedlots in Indonesia. Our history goes back to 1879 and the CPC portfolio was first consolidated as a company in 1983. Other cattle stations owned by Heytesbury Beef are located just over the border in the Northern Territorys Victoria River District. Specific agribusiness experience includes advising on a number of major transactions. CPC has significant land and water development opportunities. Brian Oxenford began in the dairy industry and moved into inland grazing properties in 1983 with the purchase of a Muckadilla sheep property Eurella. completing a deal that was flagged in October 2019. Margaux is an experienced corporate finance executive having spent 20 years plus advising the private sector and government on the sale, purchase and financing of businesses; strategy; feasibility; due diligence; Independent Expert Reports; and valuations. CPC owns and operates a portfolio of 8 cattle stations with a carrying capacity of 300,000. Glen Moreno is a Director of Fidelity International Ltd, one of the worlds leading investment companies,and a mentor for Chairman Mentors International. . Between 2015 and 2019, CPC divested and purchased several stations. CPC owns and operates a portfolio of nine station aggregations in Australia and two feedlots in Indonesia. The strategic rationale underlying the acquisition of CPC was driven by a number of global macroeconomic themes, in particular: global population growth; a shift in Asian diet towards higher protein consumption; and limited supply of productive land. Payment every 4 weeks for the first 12 weeks. CPC has now sold or entered contracts to sell eight of its cattle stations, with nine more properties across the NT and Queensland, and majority interest in two Indonesian feedlots, still on the market. The reduction in a permanent workforce on cattle stations also has a hugely detrimental effect on the social life in the surrounding region, which discourages other young employees from remaining, and it quickly accelerates a downward spiral of reducing population and reduced local services. Four Arrows Rural Management was set up by South Australian Rodney Price in 1987, and headed by his son Brandon in more recent years. "I have tremendous confidence in the Australian agricultural sector and my family and I are very excited about the future of CPC and proud to be partnering with its management team.". AustOn owns about $500 million worth of almond and avocado farms in South Australia and Victoria, producing 7500 tonnes of avocados and 7000 . Juang Jaya Abdi Alam (PT. Then in October last year, Mr Hands announced he would take a private interest in CPC and buy out his own firm. Who Owns Lululemon Now? Tom owned half of T.A. What appeals to one person wont suit another. For sale last year however . However other properties remain in the Hill family Tooloombilla and Womblebank near Mitchell, and Terlings near Moree, which Sinclair Hillinherited from his father. Purchased in 2005. These owners can bring a sense of optimism to the surrounding community, helping to stabilise the value of land owned by surrounding farmers, and some are generous philanthropists. Jumbuck Pastoral Company is unusual because all properties owned are in WA, SA and NSW rather than NT and Qld as is usually the case for companies of this size. . In early 2009 Kidmans sold Sandringham, north of Bedourie, to Mick & Marie Gibson (owners of western Queenslands Bulloo Downs, amongst other places). The 245,550 hectares of Ucharonidge willl be added to Mr Harris' sizable pastoral portfolio, which alongside Nockatunga, includes NT properties Rockhampton Downs Station and Benmara Station, as well as Gogo Station in Western Australia's Kimberley. New customers only. (This is in contrast to the Seventh Day Adventist-owned business Sanitarium; (based in Maryland, USA) which has charitable tax exemption status; competes directly with tax-paying Australian food manufacturing companies, eg the makers of Vita Brits; and is presumably able to export tax-free earnings back to the parent company in America.). A very solid and substantial beef production business has been built up by the Lee family over the last 5 decades. Since leaving ASIC, he has held board positions for listed and unlisted public companies, and not-for-profit organisations operating in Australia and overseas. In 1999 Brian Oxenfords Western Grazing Company bought Magowra (Normanton), then Rocklands (Camooweal) and blue-ribbon channel country station Tanbar (Windorah) both purchased from Stanbroke in 2004. Georgina Hope Gina Rinehart (ne Hancock, born 9 February 1954) is an Australian mining magnate and heiress. 511 talking about this. Enzo Gregori Chairman Enzo Gregori is a project financier and manager with over 30 years experience in both private and public sector institutions, throughout Asia, Europe and Australasia. Glen Moreno Non-Executive Director subscription to include Digital please call us on 1300 MY NEWS (1300 696 397), Monday to Another station that has been built up by the Lee family over border... Paper delivery through said Mr Hands announced he would take a private interest in cpc and buy his... But could prove invaluable later in life later in life the end the! ( 696 397 ) far western Queensland ) all in the future of the beef in... 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