The Price’s see their business expansion as an opportunity to diversify geographically and take advantage of a wider range of favourable weather conditions for their cattle – developing operations with improved efficiencies that support the overall business.
Updates to fencing, water infrastructure, timber control, legume planting and the incorporation of remote water monitoring, have collectively helped to reduce the business’ carbon footprint and labour requirements.
“We recently completed a major water infrastructure project that ensures cattle always have nearby access to drinking water. This included replacing all diesel engines with solar power to pump water, operate bores and power our monitoring equipment, and it has certainly been a great investment for us,” Ms Price said.
As the business has expanded, all three of the Price children have been included in the process along the way, giving them the chance to see how the business operates in case they choose to join the industry in the future.
“Like most family farming operations, the kids spend their time at home helping out on the property. Our youngest daughter is in year 6 and is our tagging expert at branding time,” Ms Price said.
“As each child has grown, their contribution and level of responsibility has increased accordingly. It is very rewarding to see their extensive skillsets at work - operating machinery, mustering in the paddock, drafting in the yards and also participating in reviewing EBV statistics at bull purchasing time.
“We derive great satisfaction in what we do, working to breed and sell high quality cattle. As an organic business, we have to be seasonally aware and work with the environment to achieve strong production and ensure the business remains innovative and viable now and into the future.”
CBA’s General Manager of Regional and Agribusiness, Kerry McGowan, said there are significant opportunities at the moment for businesses looking to invest in new property.
“High levels of confidence are being felt across the sector, giving our producers the opportunity to expand and diversify their operations, while benefiting from favourable weather conditions in different parts of the country,” he said.
“Record commodity prices – particularly in beef, low interest rates, and widespread positive seasonal conditions, are all driving a positive outlook across the sector, sparking increased interest in buying farm land.”
Kerry McGowan will be joining the discussion on farm land and property with AuctionsPlus, Friday 7th May, at Beef Australia.