Roma Feedlot & Spelling Yards offer chance to buy into QLD’s livestock supply chain

BRISBANE, 6 October 2023 – Roma Feedlot & Spelling Yards have gone on sale through an Expressions of Interest campaign, offering a rare opportunity to acquire a strategic part of the Queensland livestock supply chain.

Sitting 40km south-west of Roma, the roughly 2445.62ha aggregation is held across three Freehold Certificates of Title by Ben Cameron.

As one of the first NFAS-accredited feedlots to hit the open market in recent years, and representing a rare offering, it’s expected to generate strong competition from not only existing operators, but also producers seeking further diversity and a drought mitigation strategy.

Geoff Warriner, JLL Director – Agribusiness, is exclusively marketing the Mount Abundance property with Chris Holgar – JLL Senior Director – Agribusiness and Clayton Smith – JLL Director Agribusiness.

He notes its multifaceted appeal, with a location only 16km off the main eastbound route for cattle travelling east and south, and allowing direct access by road trains from the west, allows for a price expectation between $25-$30 million.

“Following its development in 2017, the near-new facility is now embedded into the livestock supply chain flowing from the west through to the southeast Queensland feedlots and processors,” Mr Warriner said.

“With road-train access from the west, it offers a unique opportunity to northern and western pastoralists to minimise drought risks via the feedlot and enable maximum price realisation for sale cattle with the ability to maximise compensatory weight gain prior to sale.

“Alternatively, it could be run as a viable standalone business within the Queensland beef supply chain or as an introductory concern for a new operator.”

The going concern cattle business, which has existing beef supply contracts with Woolworths and is a supplier to all the meat processors to the east, includes the 4000-head feedlot and 2000-head spelling yard, both with scope for expansion.

The feedlot and spelling businesses operate on two contiguous holdings - Dunan and Oaklea (totalling roughly 2445 hectares) - which offer quality infrastructure for a high standard of efficiency and productivity, as well as roughly 1500 arable hectares and improved pastures. All crops grown on the properties are used in the feedlot, providing huge freight saving advantages.

Mr Holgar said the location, roughly 50km from the major livestock selling centre of Roma Saleyards, was impeccable in its connectivity.

“Roma provides a high degree of amenity, including several international agricultural machinery service and sales outlets, agricultural support services, education (primary and secondary), and medical and government services,” he said.

“Roma airport also provides direct flights to multiple Australian capital cities.”

Roma Feedlot & Spelling Yards is being offered for sale by Expression of Interest in one line or as separate assets.

The campaign closes on November 9 at 4pm.

ABOUT THE PROPERTY

• Favourable balance of land and soil types to complement a commercial feedlot and mixed farming enterprise.
• Secure water resources comprising groundwater allocations and associated bores.
• The Feedlot operates under the National Feedlot Accreditation Scheme.