Cattle

Mutton Hole and Oakland Park

Mutton Hole and Oakland Park are large-scale cattle breeding properties situated southeast of Normanton on the Gulf of Carpentaria in northern Queensland and cover a combined area of 225,800 ha.

Mutton Hole and Oakland Park are leased to Cattle JV Pty Ltd (CJV) until March 2025. CJV is a subsidiary of Rural Funds Management Limited (RFM),

Rewan

Rewan Station, is a high-quality backgrounding and finishing property located 55 kilometres south of Rolleston in central Queensland within commercial proximity of multiple market facilities including feedlots, abattoirs, saleyards and ports. Improved pasture on Rewan, including fodder crops, forage legumes and highly productive leucaena provides a quality feed base for fattening.

Rewan is leased to Australian Agricultural Company (ASX: AAC) until October 2029. AAC is Australia’s largest integrated cattle and beef producer, and the oldest continuously operating company in Australia.

Natal aggregation

The properties, Natal Downs, Longton and Narellan, referred to as ‘Natal’, encompass an area of 390,600 hectares and are situated 115 radial kilometres south west of Charters Towers. The properties contain a mix of developed and undeveloped breeding land, as well as higher value finishing land.

Natal is leased to DA and JF Camm Pty Ltd until October 2027 and operates as the central breeding location for the lessee’s integrated breeding, backgrounding and finishing operation.

Comanche

Comanche is a 7,600 ha breeding and backgrounding cattle property located west of Rockhampton in central Queensland.

Comanche is leased to Elrose Enterprises Pty Ltd until October 2028.

Feedlots

Five feedlots: Beef City, Caroona, Mungindi, Prime City and Riverina, located across Queensland and New South Wales and have a combined capacity of 150,000 Standard Cattle Units, which in 2017, represented approximately 15% of Australia’s lot fed cattle capability.

The feedlots are leased to JBS Australia Pty Ltd until July 2028.

Cerberus

Cerberus is an 8,280 ha cattle breeding and backgrounding property located 140 km north west of Rockhampton in central Queensland.

Cerberus is leased to Katena Pty Ltd, trading as Bryant Beef until September 2028. Note: this entity has no commercial or familial relationship with RFM Managing Director, David Bryant.

Dyamberin, Woodburn and Cobungra

Dyamberin is a 1,728 ha cattle property settled in October 2018, Woodburn is a 1,062 ha property settled in January 2019, both located in New England region of NSW.

Cobungra is a 6,486 ha breeding and backgrounding property located in the East Gippsland region of Victoria.

The properties are leased to Stone Axe Pastoral Company (Stone Axe). Dyamberin is leased until October 2028, Woodburn until January 2029 and Cobungra until February 2029. Stone Axe is a Wagyu producer that operate other properties in NSW and in WA.

Petro, High Hill and Willara

Petro, High Hill and Willara are located in the Wheatbelt region of Western Australia, 200km and 280km north of Perth and have a combined area of 6,195 ha.

The properties are leased to Stone Axe until February 2030, to expand and further diversify their Wagyu beef operations.

Wattlebank, Homehill and Yarra

Wattlebank, Homehill and Yarra are located in the Fitzroy basin, west of Rockhampton in central Queensland and have a combined area totalling 7,419 ha. Areas of the properties are expected to be developed to macadamia orchards over time and expected to be leased as cattle properties in the interim.

Property Location Property type Size Year of Acquisition
Mutton Hole Carpentaria, QLD Breeding 140,300 ha 2016
Oakland Park Croydon, QLD Breeding 85,500 ha 2016
Rewan Station Rolleston, QLD Backgrounding and finishing 17,500 ha 2016
Natal Charters Towers, QLD Breeding 390,600 ha 2017
Comanche Rockhampton, QLD Breeding and backgrounding 7,600 ha 2018
Mungindi Mungindi, QLD Feedlot 12,000 SCU with 409 ha of associated cropping land 2018
Caroona Quirindi, NSW Feedlot 23,500 SCU with 1,387 ha of associated cropping land 2018
Prime City Griffith, NSW Feedlot 35,000 SCU with 4,021 ha of associated cropping land 2018
Beef City Toowoomba, QLD Feedlot 26,500 SCU with 760 ha of associated cropping land 2018
Riverina Beef Yanco, NSW Feedlot 53,000 SCU with 1,830 ha of associated cropping land 2018
Cerberus Rockhampton, QLD Breeding and backgrounding 8,280 ha 2018
Dyamberin New England, NSW Breeding & backgrounding 1,728 ha 2018
Woodburn New England, NSW Breeding & backgrounding 1,062 ha 2019
Cobungra East Gippsland, VIC Breeding & backgrounding 6,486 ha 2019
Wattlebank Rockhampton, QLD Breeding & backgrounding 321 ha 2020
Homehill Rockhampton, QLD Breeding & backgrounding 4,925 ha 2020
Yarra Rockhampton, QLD Breeding & backgrounding 2,173 ha 2020
Petro, High Hill and Willara South-west, WA Breeding & backgrounding 6,195 ha 2020

1Lease expiries weighted by forecast FY21 rental income.