Although highly volatile, median prices for Territory cattle properties have increased tenfold since 1995.
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These spiraling land prices and the financial mechanisms that enable investment have presented both opportunities and challenges for producers in the sector, and influence key land and livestock management decisions.
Territory Natural Resource Management is holding a symposium in Katherine to explore critical issues associated with pastoral land values and their impact on the sustainability of the Territory pastoral industry:
- Drivers of Northern Territory pastoral property prices and future outlook for the property market
- How pastoral properties are valued, and what improves this value?
- How the financial services sector values land and can support investments
- Livestock and land management practices to enhance business performance and add value to land
The symposium will bring together key industry experts and will be of interest to all pastoral producers and landholders seeking to protect and increase the value of their major capital investments and the performance of their business.
Presenters include: NT Cattlemen's Association CEO Ashley Manicaros, Alison Ross from Elders Rural, Franke Peacocke (Herron Todd White), Barry Gerschwitz (Rabobank) Geraldine Lee (Department of Natural Resources, Rangelands division), David James (Hidden Valley Station) Gary Riggs (Lakefield Station) Michael Wellington (Bush Agribusiness), Dionne Walsh (Department of Primary Industries, Livestock Industries) and Grant Hamilton (Territory NRM).
Territory Natural Resource Management is a not for profit organisation which has been working to support the pastoral industry since 2005.
Since establishment of its innovative TCA program in 2011, Territory NRM has built a network of partnerships which now encompasses about 12% of all Territory pastoral leaseholds.
In 2019 Territory NRM launched its new 'Sustainable Pastoral Business Program' which aims to strengthen the long term prosperity, sustainability and resilience of the industry through enhancing the management of its natural assets.
The free symposium will be held on Friday, March 6 from 9.30am and includes lunch at the Ibis Styles Hotel Katherine. Prior registration is required. Register at https://www.territorynrm.org.au/events or call 8942 8301.
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Chris McLennan
ACM national rural property writer based in Bacchus Marsh, Victoria. Career journalist. Multi award winner.
ACM national rural property writer based in Bacchus Marsh, Victoria. Career journalist. Multi award winner.
