A fifth-generation farming family has moved to sell its cattle feedlot and cropping operations in Victoria’s Wimmera region.
The Gerang feedlot and Crimsondale Farm is a combined 742ha landholding on the Western Highway, 22km from Nhill and 42km west of Horsham.
The Albrecht family, who have owned and operated the property since 1914, believe now is an ideal to time to capitalise on the strong market conditions – with the sale also enabling them to make a lifestyle change towards retirement.
The 5000 head capacity Gerang feedlot comprises 254ha which also supports a 15,000-head registered live export quarantine facility. A manager’s residence is adjacent to the feedlot complex.
Crimsondale Farm is an additional 488ha landholding surrounding the feedlot, which is utilised for dryland cropping, including cereals, oilseeds, legumes, as well as hay and silage production.
The property also includes a circa 1925 renovated four-bedroom period homestead with return verandahs and many original features, surrounded with extensive park like gardens.
CBRE Agribusiness has been appointed to market the property.
CBRE’s Phil Schell, who is selling the property in conjunction with James Beer and Duncan McCulloch, said the sale would tap interest from both existing industry participants and new entrants looking to secure an established presence in the buoyant beef sector.
“Family owned and operated for more than 100 years, this an attractive opportunity for a purchaser to acquire a well-developed feedlot and cropping operation,” he said.
“The two landholdings together offer 660 arable hectares and the feedlot is further supported by a 230 megalitre Water Entitlement, numerous dwellings and fit-for-purpose infrastructure that is of a high standard, as well as being within 300km of six abattoirs,” Mr Schell said.
The property’s premium location in the Wimmera is expected to underpin strong buyer interest.
“We expect the property’s strategic position will be attractive to numerous groups, both local and offshore. The property is also ideally positioned to capitalise on the sustained interest in the Australian beef sector, which has continued to strengthen in recent years,” Mr Beer said.
Gerang feedlot and Crimsondale farm are being offered for sale via Expression of Interest.