The Inverell Regional Livestock Exchange (IRLX) will undergo a multi-million dollar redevelopment of the current site.
The owners, Regional Livestock Exchanges (RLX) are strategically investing in IRLX as they recognise its crucial role in the agricultural industry and the economic benefit it delivers to the Inverell community.
Redevelopment is scheduled to begin in early 2018 and will deliver a modern livestock marketing facility that’s expected to deliver an expected $56 million increase in total turnover, ranking Inverell in the top six facilities in NSW.
Redevelopment to this vital link in the livestock supply chain will future proof the region’s agricultural economic activity through increased throughput. This investment will provide substantial improvements for both livestock and people through innovative infrastructure design, improved welfare outcomes, increased operational efficiency and safety.
AAM Investment Group Managing Director, Garry Edwards, says “The redevelopment to the current facility will not only add value to the local industry but also the communities and industries it services throughout northern NSW. We are excited to inject economic activity into the local community whilst also supporting an industry that remains one of Australia’s greatest export earners.”
Redevelopment initiatives include increased selling area to accommodate growth, modular selling pens to allow greater flexibility in selling processes, undercover pens with soft flooring and onsite freshwater capture to reduce demand on local potable water supplies.
This investment represents the latest stage of a $110 million investment by Palisade Investment Partners in agricultural supply chain infrastructure in rural and regional Australia.