Victorian legal eagle offloads NT cattle station
The owner of a Victorian farming empire has sold part of his renowned 386,000ha Northern Territory cattle station aggregation. See the details.
The owner of a Victorian farming empire has offloaded a portion of his renowned 386,000ha Northern Territory cattle station aggregation in a recently struck off-market deal.
The Tipperary Group of Companies, primarily owned by one of Australia’s most prominent barristers Allan Myers KC, has sold the 42,300ha Douglas West station, located alongside the Stuart Highway, an hour and a half from Darwin.
Melbourne’s Mr Myers, a barrister to the stars, also owns the Dunkeld Pastoral Company, which has a portfolio of more than 12,000ha in Victoria’s Western District.
Northern Territory-based Australian farm management and investment group CropScale Australia have purchased the Douglas West station, wholly acquiring the property in a private off-market transaction for an undisclosed sum, via their operations subsidiary Territory Harvest.
CropScale Australia is owned by Coppelian Ventures, part of Coppelian Capital Advisors Ltd- an Australian-owned UK venture capital group.
Discussions between Australian agronomists, NT station managers and pension fund investors founded CropScale Australia which has been on-site for more than five months at Douglas West.
The purchase of Douglas West station is their seed asset, where they plan to operate regenerative agricultural and pastoral activities.
CropScale project managing director Phillip Walter said the company was focusing on renewing and improving soil health and nutrient levels as well as adding native vegetation at Douglas West station.
“CropScale has developed a broadacre farming methodology specifically for large-scale (more than 2000ha) operations designed to increase crop margins, farm profitability, and reduce input costs,” he said.
“Regenerative agriculture prioritises cropping strategies that add organic matter and biodiversity to soil, leading to a more resilient ecosystem. This practice involves techniques including crop rotation, cover cropping, reduced tillage, and integrating livestock manures.
“We have planned to reinstate nature corridors on historically cleared land to support and
encourage native flora and fauna, and practice crop rotation to support healthy soils with sustainable seasonal water use through crop selection, climate-proven technologies, and agronomy science.”
Douglas West station was the smallest property in the three-station Tipperary Group of Companies aggregation, which also comprised Tipperary East and West (209,842ha) and
Litchfield (133,859ha).
Tipperary Group of Stations is owned and operated through a strategic partnership between the Booloomani Corporation and Branir Pty Ltd.
Booloomani Coporation is a group of strategic investors, while Branir Pty Ltd is owned by Dunkeld Pastoral Company’s Mr Myers.
As an aggregation the Tipperary Group of Stations carried 10,000 high-grade Brahman breeders and 30,000 steers and heifers in previous seasons. It also produced irrigated and dryland fodder production and a 4000-tree mango and 3000-tree lemon orchards.
Irrigated and dryland cotton was also established across the aggregation.