PALGROVE is placing two of its Queensland properties on the market as part of a strategic refocus aimed at doubling the scale of its commercial breeding herd to approximately 6,000 cows and strengthening its position as a leader in high-performance beef genetics.

The Queensland properties —Palgrove  near Dalveen on the NSW border, and Killaloo near Drillham on the Darling Downs – are located in the highly productive Southern and Western Downs regions and offer turnkey grazing operations across 2566ha and 1651ha, respectively.

Palgrove Chief Executive Officer, Will Heath, said the decision to divest the assets supported a broader growth strategy of reinvesting in larger-scale breeding and backgrounding assets, while continuing to demonstrate the strength and reliability of Palgrove genetics, at scale.

“The Dalveen property has been a high-performance breeding and backgrounding hub, while Killaloo has historically supported paddock bull sales which will now be conducted from Palgrove’s new, purpose-built selling complex “Glen Wilga” near Chinchilla,” Mr Heath said.

Palgrove, Dalveen

With a conservative estimated carrying capacity of 1,400 Adult Equivalents (AE), Palgrove is a highly developed and improved breeding and backgrounding enterprise supported by a productive mix of granite soils and hard-setting clay loams.

Pasture development is a key feature with the majority of the property being developed to high-performance improved tropical pastures, including Rhodes, digit and blue grasses, along with seasonal herbages, with areas planted to oats for winter forage.

Water security is provided by three bores feeding to 59 troughs across the property, in addition to frontage to Logan Creek and 58 strategically positioned catchment dams. High quality fencing enhances ease of management and includes a 12-kilometre central laneway system with formed roads, delivering excellent access for livestock, machinery and staff.

Palgrove benefits from easy access to a range of services and facilities being located 38 kilometres from Stanthorpe, 40 kilometres from Warwick, 116 kilometres from Toowoomba and only 197 kilometres from Brisbane. The lifestyle enjoyed at Palgrove is further elevated by high-quality accommodation for owners and staff, including the five-bedroom main homestead, cottage and a quarters/office building set within an attractive compound featuring irrigated lawns and trees.

Other working improvements include steel cattle yards with a covered working area, outpost portable yards, original yards with a stable and feed shed, a shearing shed, extensive machinery shedding, workshops and storage along with a hay shed, two grain silos and pasture seed storage.

Killaloo, Drillham

Made up of 13 freehold titles, Killaloo is equally adapted to cattle breeding, backgrounding or finishing, along with mixed forage cropping, to support an estimated carry capacity of 785 AE.

Ongoing capital investment in the property, which adjoins the Drillham township, 220 kilometres north west of Toowoomba, has been prioritised over recent years with capital expenditure projects focusing on significant land development, pasture improvement, an extensive water reticulation program, as well as fencing and infrastructure upgrades.

Across Killaloo, 1,447 hectares of sought after brigalow belah scrub country is interspersed with 204 hectares of narrow-leaved ironbark, with soils comprising a productive mix of predominantly deep brown and grey clay scrub soils and small areas of lighter yellow duplex loams.

Grazing includes dense buffel stands, bambatsi, purple pigeon grass, natural Queensland blue grass and green panic, complemented by seasonal herbages and legumes. Those areas of arable land that have not been developed into high-performance pastures are currently planted to oats, lucerne and forage sorghum planted in the summer months.

Water security is a feature and is underscored by two equipped bores, natural water supplies from catchment dams and dual frontage to the traversing Drillham Creek, with an associated 40 megalitre water entitlement, in addition to seasonal waterholes.

Low-stress and efficient production has been ensured by an extensive laneway system, along with two sets of steel cattle yards and two grain silos. Accommodation is also abundant with a larger main homestead, cottage, workshop, machinery shedding and car garage.

LAWD Director, Simon Cudmore, said both Palgrove and Killaloo presented a unique opportunity to purchase tightly held assets that had benefited from significant investment and development over many years of ownership.

“This is a rare chance to secure two of Queensland’s better-known pastoral holdings that have been strategically improved to underscore the performance of one of Australia’s most highly regarded beef enterprises,” Mr Cudmore said.

For information on Palgrove or Killaloo contact Simon Cudmore on +61 433 160 413.