Myra cattle station snapped up by Camm Agricultural Group

A 14,574ha property, expected to sell for more than $40m, has been sold to one of Australia’s leading family-owned beef producers. See the details.

Camm Agricultural Group has acquired the 14,574ha Myra property, near Moranbah, Qld.

One of Australia’s leading beef producers has expanded its pastoral portfolio snapping up a significant central Queensland cattle station.

Camm Agricultural Group has secured the 14,574ha Myra, a breeding, backgrounding and finishing property 84km west of Moranbah.

Listed for sale by the Jones family in May this year, Myra has changed hands after less than three months on the market.

The value of the transaction remains undisclosed due to confidentiality arrangements. It is understood offers for Myra were expected to exceed $40m.

Founded in 1972 by David and Judith Camm, their enterprise operates across the beef cattle production supply chain of breeding, backgrounding and feeding covering more than 450,000-plus hectares of owned and leased country.

Camm Agricultural Group CEO Bryce Camm at the feedlot at Bowenville. Picture: David Martinelli

Their son Bryce is now the chief executive of Camm Agricultural, working alongside his sisters and company directors Josie Angus and Ainsley McArthur.

The company turns off more than 80,000 cattle annually with extensive reach across Queensland, and annual turnover about $300m.

Key landholdings include Nungaroo and Marracoonda near Clermont and Melrose near Kingaroy, stretching from Queensland’s Central Highlands down to the state’s south where its recently expanded Wonga Plains Feedlot is located at Dalby.

Myra features two sets of yards, including the main yards with a 2000-head capacity.

LAWD agents Grant Veivers and Simon Cudmore, with Kennedy Livestock & Property agent Jake Kennedy handled the sale of the Myra property.

Myra was conservatively estimated to carry 4500 adult equivalents supported by 11,897ha of developed gidgee and brigalow with melonholes, 1110ha of alluvial flats and 507ha of ironbark and rosewood, along with extensive developed and improved pastures.

Over the past 20 years, the Jones family poured significant capital into land class development including blade ploughing of 3237ha and clearing and re-pulling the majority of unrestricted vegetation, which makes up 91 per cent of the property.

“Myra offers the full package – extensive permanent water, established productive pastures and excellent infrastructure, making it a powerhouse property in a region renowned for its quality cattle,” LAWD director Grant Veivers said when listing Myra for sale.

Infrastructure at Myra included two four-bedroom homes, two sets of quarters, two cattle yards, an extensive laneway system and numerous sheds.

The sale of Myra is the latest in a series of top-dollar transactions of highly regarded Queensland cattle properties.

Elsewhere in the state, cattle baron Sterling Buntine has sold the Tulmur, Tranby and Owens Creek aggregation – a 74,660ha pastoral enterprise 100km southwest of Winton.

Details of the sale remain undisclosed, however, it is understood two local farming families have secured the aggregation for more than $20m in total.

Originally published as Myra cattle station snapped up by Camm Agricultural Group