Langley sits above the junction of the Isaac and Connors Rivers and is watered by a dam and permanent waterholes on both rivers, as well as the May Downs Creek.

AUSTRALIA’S largest privately-owned beef producer, Consolidated Pastoral Co, has added to its Central Queensland portfolio, purchasing Langley Station near Middlemount.

The $17 million purchase includes cattle, plant and equipment from cropping and land development – and has been approved by the Foreign Investment Review Board. It neighbours the Jimarndy aggregation, which the company paid a record $47.5m for last year.

CPC chief executive Troy Setter said the purchase of will be a handy increase in scale for the company.

“We will integrate Langley Station with Jimarndy Station agregation giving us economies of scale by allowing us to run an additional 2,000 AE of cattle and crop and an additional 1,000 ha. Giving us a new total capacity of 8,200 AE plus cropping,” Mr Setter said.

“The property will be used to grow and fatten young cattle we breed in Northern Australia and is close to key markets. Due to the increased productivity of our herd and further land development across our northern stations we required additional growing and fattening land.”

Troy Setter

Langley sits above the junction of the Isaac and Connors Rivers and is watered by a dam and permanent waterholes on both rivers, as well as the May Downs Creek.

The country comprises a mix of soil types – mostly river flats and channels, from heavy dark clay soils to lighter alluvial soils, as well as softwood scrub. The property was purchased for $9.4 million in 2020.

Jimarndy used for backgrounding

Speaking to Beef Central after the purchase of Jimarndy, Mr Setter said the company had plans to improve pastures and use it for backgrounding cattle of its Cape York property Wrotham Park.

“The property will be integrated into CPC’s portfolio and will primarily take weaners from Wrotham Park Station to grow out into feedlot steers.”

Mr Setter said CPC will invest in pasture regeneration, grazing crops and Leucaena at Jimarndy.

“The increase in branding rates and further development of northern breeding properties requires us to purchase more backgrounding land. CPC will continue to invest further in Australian grazing and cropping properties.”