Hancock Agriculture is pleased to confirm the acquisition of two properties, Ottley Station and Moolan Downs.
The 10,000ha Moolan Downs Aggregation is located south-east of Roma in the Western Downs region, and the 8,400ha Ottley Station is situated west of Inverell in northern New South Wales.
The purchase of these properties is consistent with the Hancock Agriculture strategy of acquiring first class properties to support growth in our annual turnoff of 2GR branded Fullblood and Pure Bred Wagyu. We thank Packhorse and agents CBRE for facilitating a smooth sales transaction process and we wish them well.
These acquisition properties of Moolan Downs and Ottley will now be integrated into the Hancock Agriculture portfolio with immediate focus on essential maintenance and analysing and actioning areas including animal welfare, employee safety, the use of technology and innovation and improvements across the herds.
Hancock Agriculture, led by Chair Mrs Gina Rinehart, will across Ottley and Moolan Downs implement our philosophy on animal welfare noting our mantra that “happy healthy cattle are the best cattle”. We continue to drive a change in the culture across the business. Hancock Agriculture have been leaders in this regard.
The purchase price and specific terms for each sale remains confidential.
Hancock’s ongoing commitment to Australian Agriculture
Hancock Agriculture is a division of the Hancock Prospecting Group, majority owned by Mrs Gina Rinehart, founder and Patron of National Agriculture & Related Industries Day, held each November 21st. Mrs Rinehart’s ancestors had a long history’s in cattle, dating back to the early settlement of West Australia, and is a genuine advocate of the industry.
Hancock Agriculture, remains committed to Australian agriculture and intends to retain and grow its substantial portfolio, which includes operations in Queensland, New South Wales, West Australia and the Northern Territory. Across these operations, Hancock will continue to be an investor and Australian agricultural industry leader in the application of innovative technology, and in identifying and incorporating ways to continue to improve employee safety and animal welfare.
This approach also applies to the S. Kidman & Co business. Through its majority ownership in this iconic business, there is a focus on improving productivity through herd improvement and expanding its backgrounding and feeding capacity to deliver a range of branded beef grain fed and grass-fed products.
Hancock’s east coast wagyu operations, which currently form the largest Fullblood and Pure Bred Wagyu herd in the world, will continue to grow through additional production and broadacre cropping properties. Its multiple branded premium beef product lines, including the premium 2GR Wagyu, are sold both domestically and internationally in many of the world’s finest restaurants.
Media Contacts:
Adam Giles, Hancock Ag CEO adam_giles@hancockagriculture.com.au
Adam Giles
CEO Agriculture
