Australia Post is wholly owned by the Australian Government represented by two Shareholder Ministers, the Minister for Finance and the Minister for Communications, Urban Infrastructure, Cities and the Arts. Established in 1888, Jumbuck Pastoral are a leading Australian sheep and cattle business. Images available for commercial use, and can be accompanied by quality captions and text. Please do not ring or email asking for research information as unfortunately I do not have the resources to manage these kinds of enquiries. 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. You cant eat capital gain; you need cash flow in the meantime, so the current values put on rural land are increasingly squeezing out family businesses. Not available to any person who has previously breached any of our subscription terms and conditions. There is often money to spend on major infrastructure repairs and maintenance and major capital works, very large amounts of money that private owners struggle to find. The Australian Agricultural Company (AACo) is publicly owned and Australias largest pastoral company, with more than 500 staff and 485,000 cattle running on 7.7 million hectares (approximately 1.2% of Australia). Not available to any person who has previously breached any of our subscription terms and conditions. Many were renowned wool producing properties, some famous Merino studs, however the Twynam focus has been on cropping. The property comes with 18,000 cattle and, to put it into perspective, is about 4,000 square kilometres larger than the greater Sydney region. Tags: Australian Beef Industry, Pastoral companies, Rural properties for sale and ownership. Payment every 4 weeks for the first 12 weeks. S.K. Andrew Marshall National agribusiness writer If one property after the other is added to the portfolio in relatively quick succession (over several years); almost invariably (unless theyve won the European lottery), it is because their places border on to under supervised National Parks or half asleep neighbours with a lot of wandering cleanskins; theyve bought well developed, quality assets for good prices and asset stripped or at the very least neglected essential annual maintenance (forget about capital improvements completely). Full Digital Access + Wednesday Delivery 12 Month Subscription costs $175 for 12 months billed once upfront and then annually. Renewals occur unless cancelled in accordance with the full Terms and Conditions. The Nobbs family retained ownership of Fitzroy Vale and Lake Learmonth (with very valuable irrigation) while the McCamleys retained ownership of Glenprairie. Paul Holmes a Court is CEO of Heytesbury Beef, and his mother Janet Holmes a Court is Chairman of the controlling group, Heytesbury Pty Ltd, and the John Holland Group. New customers only. T.A. The result was well up on the previous year's $23m net profit, and was easily the best performance in the company's eight-year . Viv Oldfield is co-owner of Crown Point Pastoral Company Australia's biggest landholder. Who is the biggest landowner in Australia? 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. The portfolio has reduced dramatically in size in recent years. New customers only. For further information, contact Fiona Lake. For sale last year however . There are a number of other large family/family dynasty owned cattle station-owning companies. Renewals occur unless cancelled in accordance with the full Terms and Conditions. Do you have a Paper Home Delivery only subscription? We are currently inviting applicants for a number of positions. Full Digital Access $4 (min. CPC is owned by Guy and Julia Hands through the Hands Family Office. CPC's properties include Newcastle Waters made famous when it was purchased by Kerry Packer in 1983 Bunda, Dungowan, Wrotham Park, Allawah, and Isis Downs. It is a product of his firm belief that behind the share prices, EBITDA and endless sanitised investor briefings, it is still human beings that are our leaders. StarTrack is an Australian transport and logistics company owned by Australia Post. A very solid and substantial beef production business has been built up by the Lee family over the last 5 decades. 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. The strategic geographic spread of these quality landholdings becomes obvious when viewing a map of the property locations. Our Privacy Policy includes important information about our collection, use and disclosure of your personal information (including to provide you with targeted advertising based on your online activities). 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. 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. Consolidated Pastoral Company (CPC) was a family-owned empire until 2009. A spokesman for the minister would say only that Australia Post is a government business enterprise and it will remain a government business enterprise. There are also religious organisations that own rural property. 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. CPC's leases on Carlton Hill Station in the East Kimberley and Manbulloo Station in the NT will continue. 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. CPC was formed in 1983 with the purchase of Newcastle Waters Station and some smaller Northern Territory holdings, from Ashburton Pastoral Company. New customers only. The last thing they want to do is sell their land, and theres no point in realising the capital gain if you have to fork out even more money to buy a replacement property, anyway. The station occupies an area of 2,949 km2 (294,900 Ha). There are some advantages in properties being owned by large companies. CPC agrees to sell drought-stricken Ucharonidge Station on Barkly, reportedly for $30m, There is an emergency bushfire warning in place for Maintongoonin Victoria. AACo owned stations include: Northern Territory: Anthony Lagoon (commonly known as Anthonys Lagoon), Eva Downs, Brunette Downs, Avon Downs and Austral Downs in the central and southern Barkly Tableland region; plus Delamere, Montejinni and Camfield to the north west in the Victoria River District. 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. 511 talking about this. Renewals occur unless cancelled in accordance with the full Terms and Conditions. Leased properties haveincluded Mt Tabor, Gifford, Lynbrydon, Dooloogarah, Mooga Hills, Gunadoo and Antion. Phone Number +61 (0)7 3174 5200. CPC's properties include Newcastle Waters made famous when it was purchased by Kerry Packer in 1983 Bunda, Dungowan . 20.0k views Report {{item.question}} {{item.username.toUpperCase().substr(0,1)}} {{item.username}} . The company also holds a 50% interest in a joint venture which owns and operates two feedlots in Indonesia. Colin is Managing Director of the HSE Group, a company that started with small earthmoving jobs in 1991 and grew to encompass a large mine earthmoving business & earthmoving equipment rental business employing more than 700 people in Qld, WA, NT and NSW. More often than not, its a combination of all of the above. This entry was posted It can take up to 5 days for your home delivery to start. New customers only. Not in conjunction with any other offer. I have tremendous confidence in the Australian agricultural sector and am very excited about the future of CPC and proud to be partnering with its management team.. The plan has the support of CPC, and Mr Setter said the company would continue to explore other opportunities outside the pastoral space. However Ken will stay on as CPC Chairman, and still presumably owns a 10% stake in the company. In October 2020, the Hands Family Office purchased 100% of CPC from Terra Firma Fund 3 and Ken Warriner. 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. Established in 1824, the Australian Agricultural Company (AACo) is Australias largest integrated cattle and beef producer, and is the oldest continuously operating company in Australia. Consolidated Pastoral Company is the largest privately owned beef producer in Australia. Those up the top of the tree know the old adage about land being the one thing that you cant make more of; and quality being the single most important factor when choosing what to buy. Carcase supply to Coles commenced in 1972, and organic processing certification was obtained in 2000. Mr Setter did not reveal the detail of how he or the CPC management were involved in the company's new ownership. Field until 1938. However the move into northern Australia actually began a long time ago. "But also the development of the team and the people at CPC is really important to the Hands family and also to CPC.". There always seems to be several around on the horizon, but they tend to come and go a lot of this rapid empire building is done on borrowed money, and the inevitable combination of high interest rates, low commodity prices and bad seasons usually brings the whole pack of cards down within 6 years or so. DUNKELD PASTORAL COMPANY Owned by prominent Melbourne barrister Allan Myers QC. Plus larger sheep and cropping properties in the Riverina and central western New South Wales, and cropping country in top-drawer cropping regions, from Quirindi (NSW) north through Moree to the St George region of southern Queensland. Each payment, once made, is non-refundable, subject to law. Unfortunately this very positive training-ground aspect of corporate ownership has greatly reduced over the last decade. What devices can I view the Digital Print Edition on? www.weeklytimesnow.com.au/subscriptionterms, Read the paper online, exactly as it was printed every week, Paper delivery every Wednesday*. d***@pastoral.com. Australian Into other English, eg American, A Million Acre Masterpiece & Life as an Australian Horseman. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Guy Hands & various shareholders: 3.6 million hectares. How long does it take for my home delivery to start? Its operations include breeding, grass- and grain-feeding cattle and domestic and live export sales across 16 stations comprising 5.5m hectares of land in Australia and two feedlots in . Not in conjunction with any other offer. 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. For the latest information, searchABC Emergency, For the latestweather warnings in the Northern Territory, search onABC Emergency. 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. Please call 1800 070 535. 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. Adelaide-based Jumbuck Pastoral Company dates back to 1888 and is owned by the South Australian based MacLachlan family, with Hugh MacLachlan the current Managing Director. was begun by the legendary Cattle King Sidney Kidman in 1899, and it remains in family ownership today. Bunda Station . . A statement released by the selling agent, Elders, confirmed Innamincka and Macumba were not originally intended to be part of the sale process but received "significant interest from multiple parties which allowed a timely sale to occur". standalone Digital subscription? CPC is one of the largest privately-owned cattle companies in Australia Consolidated Pastoral Company (CPC) has been bought by Guy Hands and his family, along with the CPC management, completing a deal that was flagged in October 2019. 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. paraway pastoral board of directors. Subscription automatically renews at least 24 hours before the end of the current billing period. In 2009 Paspaley Rural, headed by Nick Paspaley, bought South Tahara (Wagga) from the Four Arrows Rural Management Group. The answer is simple. Ellerston, the historic property East of Scone in the Hunter Valley of New South Wales, was retained by Kerry Packers family when the remainder of CPC was sold in early 2009 (90% to Terra Firma, with 10% retained by long-term CPC manager and part owner Ken Warriner.). Read More . us, the taxpayers) paid Twynam Agricultural Group a record water rights buyback amount of $303 million Australian dollars for 240 billion litres of western NSW irrigation water entitlements. These are listed on another blog page. Share ABC Rural Australia's largest privately owned cattle enterprise, Consolidated Pastoral Company, up for sale ABC Rural / By Matt Brann Posted Sun 4 Mar 2018 at 10:15pm, updated Sun 4 Mar 2018 at 10:29pm The company sale could set a new record in Australia's cattle industry. Who gets to enjoy Digital Membership benefits? There are quite a few middle-sized family-owned pastoral companies that fly under the radar of the media. AAM general manager northern assets Ben Wratten with Isobel Thomson from the AAM graduate program and AAM CEO Tim Gallagher, with a portion of the 8000 Georgina Gold and Ultrablack females spelling at WQLX Longreach. 78 talking about this. Consolidated Pastoral Company (CPC) is an Australian managed, majority foreign owned Agrifood business with an enterprise value in excess of $850 million. Fortune chairman Peter Wood said if the water extraction licence was granted the company would launch an eight-year development plan to grow a range of crops. Home delivery is not available in all areas, and in some areas, delivery may incur additional charges. 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. Keeping it current became increasingly time consuming and it is has not been altered since 2014. Operation: Breeding. Such as Thornthwaite (Scone, 1994), Kurrajong Park (Coolah) and vineyards Bunnamagoo Estate (Rockley, between Bathurst & Oberon) and Eurunderee (Mudgee). From Mike Cannon-Brookes nursing his children or Malcolm Broomhead . . Queensland: Lawn Hill, Canobie, Wondoola and Dalgonally in the northern and southern Gulf Country; Carrum, near Julia Creek; Headingly (Georgina River), Brighton Downs (Diamantina River) and South Galway (Coopers Creek) in the northern and central Channel Country region of far western Queensland; Goonoo, Goonoo Feedlot, Meteor Downs and Glentana in eastern central Queensland, plus Wylarah and Aronui Feedlot, in south eastern Queensland. Terra Firma bought CPC from James Packer in 2009 for around $425 million, adding several more cattle stations to its portfolio over the years. Macquaries Paraway Pastoral Company was the buyer. RMWAH properties are also listed on another page. Field Ltd, which included ownership of properties Belalie (between Barringun & Enngonia), Warrana, Bimble (Coonamble), Burrawang and Congi (between Bendemeer & Woolbrook). Tattarang holds a 36 per cent shareholding in Fortescue Metals Group. Subscribe for the national headlines of the day. 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