Grazing

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Local buyers in western NSW are looking to expand their land footprints, a new report has found.
According to Colliers International‘s NSW Western Division Grazing Market Update increases in livestock prices and low interest rates have contributed to a 20% increase in land values in the region.
The report indicates that demand is outstripping supply for pastoral grazing land, with interest coming from both family and corporate buyers.
Colliers International’s top factors impacting the NSW pastoral market:
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<li>Strong commodity prices for mutton, lambs, wool and goats. Meat sheep in particular has transformed profitability within many pastoral operations through improved lambing percentages and strong growth rates. Cattle prices are also relatively firm.</li>
<li>The wool market surged to record highs throughout 2018 and early 2019. More recently however, the market has pulled back but is still considered favorable for wool growers. Offshore demand is the main market driver with demand primarily from China heavily influencing prices.</li>
<li>Australia’s sheep flock numbers are at historical lows as is the national cattle herd size which is still in a rebuilding phase.</li>
<li>A softening Australian Dollar has benefited commodity prices (particularly wool) however this may also increase some input costs such as diesel.</li>
<li>Interest rates are low and stable.</li>
<li>The market’s recognition of lower operating expenses associated with pastoral grazing in comparison with higher rainfall areas (no fertiliser or pasture development and reduced animal health treatments).</li>
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<a href="https://www.propertyobserver.com.au/images/2019/8/20/nsw%20grazing%201.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/20/nsw%20grazing%201.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/8/20/nsw%20grazing%202.jpg" target="_blank">Click here </a>to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/20/nsw%20grazing%202.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/8/20/nsw%20grazing%203.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/20/nsw%20grazing%203.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/8/20/nsw%20grazing%204.jpg" target="_blank">Click here </a>to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/20/nsw%20grazing%204.jpg" alt="">
Source: Colliers International 
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Grazing land in western NSW in high demand

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Billionaire hedge fund manager Sir Michael Hintze has bought an 842-hectare grazing aggregation in Central Victoria.
It is at Willatook, south-west of Bendigo.
He had paid about $7.5 million, for the latest farm in his extensive eastern Australia enterprise which comes with a $340 million net value.
The land holdings are valued at $240 million.
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Hintze has bought the Webster family property who intend to retire.
Hintze has plans for prime lambs across the aggregation of the <a href="https://www.realcommercial.com.au/property-commercial+farming-vic-willatook-502785238" target="_blank">Murraba, Maloneys and Glenholme</a> properties.
They have a carrying capacity for about 12,500 sheep, Fairfax Media reported.
The acquisition also included 450 angus cows, 350 yearlings, 30 angus bulls and 150 crossbred ewes.
The enterprise has signalled its preference for expanding its portfolio with properties that have exposure to high-rainfall environments.
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MH Premium Farms owns more than 40 properties covering in excess of 72,000 hectares in eastern Australia, producing prime lambs, wool and beef, broad-acre cropping of cereals and oilseeds, and irrigated cotton and sugar.
Sir Michael founded London hedge fund CQS, which manages more than $US12 billion.
His rural business showed a strong $13 million operating profit in its 2017 financial year with continuing good results from the grazing properties and a return to prosperity in the cropping properties where both rain and available water assisted with good returns on crops.
The income was $27 million.
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External bank debts are secured by first registered mortgages over certain freehold properties.
The Rabo bank facility of $22 million expires in 2023, and is subject to three yearly reviews. 
The Westpac facility of $60 million is a mixture of bank bills, term debt and a working capital facility. The facilities are subject to annual reviews. Its Westpac balance at 30 June 2017 is $49,500,000.
The Westpac facility included debt due to the purchase of the Deltroit property.
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Sir Michael Hintze spends $7.5 million on Central Victorian farm

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Retailing businessman Gerry Harvey has bought Ardgour at Bundella, 435km northwest of Sydney.
The 1750ha farm, Ardgour comes with about 500 Angus cattle across 18 paddocks - originally part of Bundella Station. 
Ardgour is a very well known and well respected grazing property, situated in the sought after foothills of the Liverpool ranges, west of the townships of Willow Tree and Quirindi, southwest of the regional city of Tamworth, and south of the township of Gunnedah.
<a href="https://www.meares.com.au/property/ardgour/gallery/ardgour.htm" target="_blank">Chris Meares of Meares &amp; Associates</a> marketed the farm as in the area renowned for its scenic and sheltered valleys, rich basalt soils and above average annual rainfall.
The property was last traded in the 1970’s.
A feature of Ardgour is the spacious four bedroom homestead.
The buinessman is seeking a tenant who will live in a four-bedroom 1900 stone and weather­board homestead built, but the farm will be run by Ardgour’s long-time manager Jim Kerr, who lives in a separate house on the property in the foothills of the Liverpool Range.
Gerry Harvey offered the homestead for just $100 a week, as long as they promise to keep the house in order and do some gardening.
“I’ve got this great big house and if nobody lives in it it’ll go under, and I can’t live in it, so I thought someone might want to rent their house in Sydney for $600 or $700 a week and come and look after it and do the ­garden,” Mr Harvey told The Australian.
Gerry Harvey fielded more than 80 inquiries after an ­exchange on radio with 2GB broadcaster Ray Hadley and John Singleton about the farm.
“Whoever gets this place, Katie has to interview them to make sure they are nice people, we want nice people.”
The property was sold by the executors of the estate Late John Hudson to Gerry Harvey on a ‘walk in walk out” basis, for an undisclosed price.
Chris Meares, for the marketing agents Meares and Associates commented that Harvey's interest in the beef industry had led to his purchase of Ardgour.
"Over the years he has been a key supplier of Wagyu beef in to the Japanese market," Chris Meares said.
"With its suitability for breeding quality cattle and its closeness to feedlots, Harvey sees Ardgour as an ideal property to produce Wagyu cross calves for this market.”
The property was purchased by the Hudson family in the 1970s.
Hugh Brownhill, for Meares and Associates, added Harvey had purchased the impressive Angus cow herd which has produced sale yard highs in recent weaner sales with its steer calves selling in excess of $900 per head.
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