Beef Central on Gibson Livestock St George aggregation

The article from Beef Central, titled “Gibsons to offload quality St George grazing/farming aggregation,” discusses the decision of Western Queensland grazing personality Mick Gibson and his family to sell their Brookdale Aggregation near St George in Queensland’s southwest. Key points from the article include:

  1. Details of the Aggregation: The Brookdale Aggregation, previously known as the Darran Aggregation, was acquired by Gibson Grazing for $15 million. It consists of three contiguous landholdings: 5054 hectares of Darran, 1246 hectares of Beardie Lagoon, and 5795 hectares of Brookdale, totaling 12,096 hectares with a 25km frontage to the Balonne River.
  2. Initial Purpose and Change in Plans: The aggregation was initially purchased for feed in February 2019 to background cattle for Coles, aiming to increase their weight. However, due to good seasonal conditions on the family’s holdings further west, the need for additional feed diminished, leading to the decision to sell the Brookdale Aggregation.
  3. Current Condition and Potential: The Brookdale Aggregation is currently experiencing an excellent season with abundant feed, well-grassed with winter herbages, and is lightly stocked. It is a mixed enterprise offering cattle, sheep production, irrigation, and cropping.
  4. Marketing and Sale Process: The property is being marketed by Elders and is offered via expressions of interest closing at the end of July. It is expected to attract interest from large farming families and corporates.
  5. Features of the Property: The aggregation has feedlot approval for 8000 standard cattle units and includes over 3000 megalitres of water, a 1700 megalitre ring tank, and a 470 megalitre allocation. The sale includes all planted crops and materials for a 30km dog fence.
  6. Gibson Grazing’s Operations: The Gibson family operates several properties across Queensland and the Northern Territory, including Bullo Downs, Dynover Downs, Sandringham, Binda, Olinda Park feedlot, and Manners Creek Station. They manage around 73,000 head of cattle, producing 6750 tonnes of beef annually.

The sale of the Brookdale Aggregation reflects a strategic shift for Gibson Grazing, influenced by changing conditions and the company’s broader operational needs. The property’s diverse capabilities and current condition make it a significant opportunity for potential buyers in the agricultural sector.

Read The Full Article here: https://www.beefcentral.com/property/gibsons-to-offload-quality-st-george-aggregation/

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