Australian Billionaire To Sell Cattle Stations

Hancock Agriculture and S. Kidman & Co are seeking to sell seven cattle stations across Western Australia and the Northern Territory, along with a cattle herd of about 108,000 head.

Australian mining billionaire Gina Rinehart owns the Hancock portfolio and is the major shareholder in S. Kidman & Co. Since 1992 she has been the Executive Chairman of Hancock Prospecting, a privately-owned mineral exploration and extraction company founded by her father, Lang Hancock. Rinehart topped the Australian Financial Review Rich List for 2020 with a personal wealth of $28.89 billion. Her wealth has been spurred by increasing demand for iron ore from China.

Gina Rinehart

Gina Rinehart

The portfolio of cattle stations includes 1.9 million hectares (4.7 million acres), and will be marketed by real estate specialist Elders, and will consider offers for all or part of the portfolio. The portfolio also includes a strategically located feeding and export facility and farming operation.

“This represents a rare opportunity to acquire a strategically constructed portfolio of assets at scale during a period of unprecedented growth in demand for quality Australian protein,” Tom Russo, Elders’ general manager for real estate, said in a press release.

Market conditions are favorable for the sale as Australian cattle prices have surged to records as demand returns amid signs the global economy is recovering from the Covid-19 pandemic. However, the country faces a chronic supply shortage, with herd sizes near their lowest since the early 1990s.

The company, which is Australia’s second-largest beef producer, had undertaken extensive capital works to improve the properties and is now looking “to complete its investment cycle and focus on other areas of growth in its agricultural operations.”

 

Latest News

Patience Pays Off When Treating BRD

To stay on top of Bovine Respiratory Disease (BRD), producers find patience and persistence are two assets they need in their treatment plans.

Hulett: Packers Push for More Cattle

The spring rally in negotiated cash cattle prices continued last week as trade in the South developed early in the week with packers more aggressive than in recent weeks.

Total Quality Management – A Foundational Approach of BQA

Established product requirements in the beef industry may differ somewhat from one segment of the industry to the next, but there are some common expectations fundamental to each.

Divestment plan leads to ownership changes for 11 feedlots
Peel: Update on Beef Export Markets

Beef exports have evolved significantly in a very dynamic environment of global politics and trade policies; direct and indirect impacts of animal disease outbreaks; and growing beef preferences and consumption.

Carbon Contract Reality: Why Conservation-Minded Farmers May Not Qualify for Private Carbon Programs

The chase to capture carbon continues. It’s a possible new source of income for farmers and ranchers, but it's also bringing a set of challenges and questions. The answer could be both public and private programs.

Cattle Markets Surge Higher In Spring Rally

The reopening of restaurant and foodservice is driving beef demand to pre-pandemic levels and beyond, spiking wholesale beef prices $20 per cwt. higher this week, and more than $34 per cwt. higher over two weeks.