Modern Burakin beef cattle feedlot WestBeef listed

Modern Burakin beef cattle feedlot WestBeef listed
Staff reporterDecember 7, 2020

WestBeef, a modern beef cattle feedlot in the Wheatbelt region is for sale by expressions of interest.

It is registered for 7,500 standard cattle units with over 900ha of farming country located at Burakin near Lake Moore, 250km north-east of Perth.

Colliers International’s Jesse Manuel and Greg O’Meara have been appointed to sell WestBeef.

WestBeef has been operating as a custom feeding operation, currently holding around 7,000 head on feed.

Jesse Manuel, Colliers International Director of Agribusiness said the facility also can offer other livestock logistics services.

He said, “in addition to cattle finishing WestBeef can also be utilised as a quarantine depot and spelling facility, with these two important service offerings providing additional revenue opportunities."

“As a result of the highs in red meat prices in recent years, an increase in the production and marketing of branded beef products and the national dry conditions result in lower grass feed volumes, demand for lot feeding is currently strong," Mr Manuel concluded.

Rawdon Briggs, Colliers International’s Head of Agribusiness Transactions, said through his team’s work in the feedlot sector, there had been a noticeable trend towards custom feeding facilities, largely driven be beef producers seeking a finishing system to ensure they can provide a consistent product to the market year-round.

“Custom feeding has also allowed feedlot operators to de-risk their businesses by removing the need to fund the purchase of cattle on feed."

“While demand has been improving, buyers remain focused on quality assets within strategic locations to fodder sources and/or their preferred source of cattle, and in this regard, WestBeef is well-placed,” He concluded.

The property is for sale by expressions of interest closing March 19 2020.

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