This article is from the Australian Property Journal archive
A South Australian operator has snapped up a substantial 228.48ha GROWventure piggery in South Australia, as interest in the sector grows on the back of rising pork prices.
Colliers International’s Jesse Manuel and Tim Altschwager have sold piggery at Brownlow, near for $2.7 million.
“The chance to acquire a piggery of this size and quality is rare in South Australia.
“The increase in the pork price over the past six months has resulted in surge of enquiry for piggeries, particularly farrow-to-finish assets that have long term contracts with processors,” Manuel said.
“An increase in the consumption of both pork and chicken as people move to these more affordable meats is the main reason for the price increase and this is flowing on to farm values as demand for the assets has also increased,” he added.
Manuel said the GROWventure asset represented an attractive prospect for operators looking to expand within the sector.
He added that the GROWventure piggery was a high quality intensive livestock operation with efficient systems and procedures that complied with industry and government regulations. It has been described by an industry auditor as “the cleanest piggery in Australia”.
“The two operations are in close proximity of one another and produce high quality porker and baconer pigs under contract with one of Australia’s largest supermarket chains,” he continued.
Altschwager said the facility was ideal for existing producers looking to add to their portfolio or investors seeking a quality agribusiness investment showing consistent profit and with immediate and regular income stream.
Located within close proximity to the major regional centre of Gawler, an hour’s drive from Adelaide, the GROWventure facility comprises both breeder and grower complexes in a substantial operation, with a combined total land area of approximately 228.48ha.
The breeder complex is a 500-sow operation consisting of a farrowing shed, weaning shed, mating shed, three dry-sow sheds, feed mixing shed, AI laboratory and effluent ponds. Accommodation on the property includes a four-bedroom stone cottage, an added attraction for a manager.
The grower complex consists of four grow-out facilities and ancillary improvements with the capacity to hold up to 3,600 pigs. Construction of the sheds was completed in 2001 and the design has been in conjunction with international standards to produce the highest quality porker and baconer pigs possible.
Australian Property Journal
