Troy Setter, Chief Executive of CPC.
Consolidated Pastoral Company (CPC), a leading Australian agribusiness, has announced the divestment of one of its smaller Northern Territory stations, Ucharonidge Station to Cleveland Agriculture.
This follows the sale of Nockatunga Station to Cleveland Agriculture announced in October 2018. Under CPC’s ownership Ucharonidge Station was used to provide growing cattle to Nockatunga Station.
Ucharonidge Station spans 245,550 hectares in the Northern Territory and has a carrying capacity of 19,870 head of cattle. The sale is on a walk-in walk-out basis.
Commenting on the announcement, Troy Setter, Chief Executive of CPC, said Cleveland were a logical owner of Ucharonidge which has historically provided growing cattle to Nockatunga.
“Ucharonidge is a good strategic fit for their business and importantly, Malcolm and his team share our vision for investment in land development and precision pastoral management,” he said.
“CPC still has one of the biggest pastoral holdings in Australia, comprising 3.5 million hectares of land across 9 stations with a carrying capacity of some 300,000 head of cattle, plus 2 feedlots in Indonesian with nearly 30,000 head of capacity.
“Our portfolio has strong geographic diversity as well as a valuable supply chain in Indonesia and remains attractive to buyers as a whole or in parts.”