The article from Beef Central, titled “Property: Southern QLD’s Darran aggregation makes $15m,” reports on the sale of the Darran Aggregation, a large-scale mixed grazing and cropping enterprise in South-West Queensland. Key points from the article include:
- Sale Details: The Darran Aggregation, comprising 12,000 hectares, was purchased by Western Queensland grazing identity Michael Gibson and his family for $15 million.
- Components of the Aggregation: The aggregation includes three adjoining landholdings: 5054 hectares of Darran, 1246 hectares of Beardie Lagoon, and 5795 hectares of Brookdale. These properties offer a 27km frontage to the Balonne River, near St George.
- Features and Resources: The Darran Aggregation boasts 512 hectares of irrigation areas supported by a 470 megalitre water licence from the Balonne River, supplemented by 3700 hectares of dryland cultivation. The grazing country, spanning 7884 hectares, includes native and improved pastures like buffel, creeping blue, Mitchell grass, and medics.
- Gibson Family’s Plans: The Gibson family intends to use these properties for backgrounding cattle for domestic beef programs, particularly to supply Coles. They aim to increase the weight of cattle coming from their properties further west.
- Gibson Grazing’s Operations: Gibson Grazing manages 73,000 head of cattle on 11 properties across more than 2.4 million hectares in Queensland and the Northern Territory. Their operations include various properties for different purposes, such as breeding, backgrounding, farming, cropping, and a feedlot.
- Vendor’s Decision: The Lindores family, after owning the Darran Aggregation for two decades, decided to sell the property in October of the previous year. The sale was conducted via expressions of interest.
- Market Interest: The sale attracted widespread domestic and international interest due to its diverse nature, offering opportunities in cattle and sheep production, irrigation, and cropping.
This acquisition by the Gibson family is a significant addition to their extensive cattle operations, enhancing their capacity for backgrounding and supplying beef to domestic markets. The Darran Aggregation’s diverse resources and strategic location make it a valuable asset in the Australian cattle industry.
Read the full article here: https://www.beefcentral.com/property/property-southern-qlds-darran-aggregation-makes-15m/