Packhorse Pastoral Company snaps up Roma property in $1.5b acquisition plan

The Australian investment company has purchased a property just outside of Roma with the aim of restoring rural Queensland properties primarily using cattle to regenerate soil.

Stuart's Creek.

A large parcel of land near Roma is the first property in a five-year $1.5 billion acquisition plan to deploy mass-scale restoration of Australia’s rural landscape.

Newly launched cattle property impact investment company Packhorse Pastoral Company announced the purchase of its inaugural property, following a successful first round of fundraising securing $62.5 million.

Stuart’s Creek, an 8360-hectare parcel of land located 45 km northwest of Roma, is the first venture.

Tim Samway.

Chairman Tim Samway said the positive response to the fundraiser confirmed investors’ desires for opportunities that deliver environmental impact combined with strong returns.

“We are very pleased with the confident response from the investment community to this unique opportunity,” he said.

“Our mission to build the greatest land custodian, land restoration and beef supply chain business in the world is supported by our new shareholders in the company.

“We know the expected financial returns generated by our business model are solid, but it’s the additional value of our environmental impact and the potential for carbon sequestration that has captured the attention of investors.”

Mr Samway said the company was giving people an opportunity to buy into a business underwritten by “high-class agricultural assets” which will have a positive impact on the climate, environment and food supply.

Packhorse are negotiating a pipeline of agricultural properties between Coonamble in New South Wales and Taroom in Queensland, ahead of the next round of funding in September.