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Renowned Wanderribby Feedlot in South Australia for sale

Colliers International predicts interest in Australian beef industry to drive local and offshore enquiry

A substantial cattle feedlot in a strategic southern Australian location is set to hit the market amidst significant investor interest in the Australian beef industry from both local and offshore groups.

Colliers International’s Jesse Manuel and Tim Altschwager have been appointed to sell Wanderribby Feedlot, a 2,700ha property comprising intensive cattle feedlot facilities as well as a significant area of quality grazing land, situated around 7km south of the Lakes and Coorong township of Meningie in South Australia.

“Wanderribby Feedlot is a substantial cattle feedlot that is strategically located to take advantage of favourable climate conditions, an abundant supply of grain and hay, access to a broad catchment area for the sourcing of livestock and access to highly qualified staff,” Mr Manuel said.

Of the total land area, the property comprises over 1,000ha of established Lucerne pastures, a similar area of native pastures and some native vegetation. Wanderribby Feedlot represents a high quality facility licenced to feed 8,000 Standard Cattle Units (SCU’s) and has fed cattle for a range of major clients and feeding progams including EU, Short Fed, Jap Ox, CAAB, GFYG, for in excess of 20 years.

“The facility has achieved MSA scores that put it in the top 5% of performers within the nations’ feedlot operators and we are excited at the prospect of presenting such a highly regarded feedlot facility with
substantial and high quality land assets to the market during a period of significant international interest in the Australian beef industry,” Mr Altschwager said.

“Wanderribby Feedlot is an extensively accredited cattle feedlot with considerable additional capacity and expansion potential. Surrounding the feedlot is a substantial land footprint of in excess of 2,000ha of quality grazing country."

The location, less than 200km south-east of Adelaide’s export sea port at Outer Harbour, close proximity to major meat processing facilities at Murray Bridge and Naracoorte and its access to large volumes of grain and hay makes Wanderribby Feedlot a very attractive prospect for a range of national and international beef industry participants.

Mr Manuel said the location would prove a key attraction for potential purchasers with its favourable climatic conditions.

“The Southern Ocean and the significant bodies of water in Lake Alexandrina and the Coorong provide for a maritime climate with mild summers and winters, ideal for cattle health and performance,” he said. “Wanderribby is renowned for its high performance and I don’t know of another commercial feedlot in the country that features such unique and favourable climatic conditions to this extent.

“It’s definitely in a league of its own in terms of not only the climate but its location in respect of a large catchment area for very high quality cattle coming out of the South East of SA and Victoria’s Western District, with less competition compared to other regions."

Mr Manuel said the Australian cattle property market had been the powerhouse of the national rural property market in 2016.

“Momentum has been building as fundamentals, primarily demand for beef, have grown significantly over the last decade and the Australian beef industry has entered a period of record cattle prices,” he said.

These prices are expected to remain above historical averages thanks to a combination of strong demand for beef globally; sovereign nations’ requirements for food security; consumer requirements for safe, traceable food; low national cattle herd numbers restricting supply and as such, maintaining upward pressure on prices as processors compete with re-stockers; and growing live export markets into Asian and the Middle East as demand for meat grows with an expanding middle class demographic.

“With the changing fortunes of the beef industry late in 2015 and through 2016, there has been an increased interest in investing in feedlots driven not only by these factors but also the general uplift in the beef industry,” Mr Manuel said.

“There is a significant trend towards higher slaughter rates in Australia to increase beef output and the only way the Australian industry is going to keep up with the demand is to put greater numbers of cattle through feedlots. This places a significant reliance on facilities like Wandarribby which is very well placed to benefit from this market trend."

Wanderribby Feedlot was purchased by the Gunner family in 1990. The family is vertically integrated from the Stoney Point Performance Angus Stud to a wholesale meat operation Richard Gunner Fine Meats (RGFM), which owns the Feast Fine Foods retail chain as well as the famous, award-winning Coorong Angus Beef (CAB) brand.

A substantial cattle feedlot in a strategic southern Australian location is set to hit the market amidst significant investor interest in the Australian beef industry from both local and offshore groups.   Colliers International’s Jesse Manuel and Tim Altschwager have been appointed to sell Wanderribby Feedlot, a 2,700ha property comprising intensive cattle feedlot facilities as well as a significant area of quality grazing land, situated around 7km south of the Lakes and Coorong township of Meningie in South Australia.

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