High profile property sells for more than $4.25m
By SHANNON BARRACLOUGH
ONE of WA's premier Merino stud and sheep properties, Jaloran, Wagin, has been sold for in excess of $4.25m.
The 4921ha Jaloran grazing property has been bought by WA agribusiness identity Graham Laitt for more than $4.25m.
Mr Laitt is a key figure in WA's rural business world and has involvement in other agribusiness interests including Milne Feeds, RTC and the dairy industry.
Dick Lester, Dakin Farms, also the owner and stud principal of Hyfield Merino and Poll Merino Stud, Kojonup, has bought the renowned Merino stud and its stud flock of 4000 ewes for an undisclosed price.
Mr Laitt paid extra for the farm plant, equipment, and the Jaloran wethers.
The sale of the third generation farm by Jim and Di Toll signals the end of nearly 100 years of family farming and 85 years of Merino breeding.
Jaloran, which was taken up as a 160 acre property by Phillip James Toll in 1903, was developed into one of WA's and Australia's most acclaimed Merino sheep studs.
Testimony to its standing, Jaloran has the record of staging the largest annual single vendor ram on-property auction in Australia each year.
It is not unusual for the stud to sell more than 300-330 rams in its annual on-property auction sale.
Breeding outstanding Merinos became the family's core business from 1917 when the Jaloran Merino Stud was formed with the introduction of Wanganella sheep from NSW.
Later in 1957 Haddon Rigg blood was incorporated by the then studmaster Herbert Toll.
Soon after, in the early 1960s, the South Australian-based Collinsville bloodline was introduced.
To keep pace with the industry, NSW Merino bloodlines were re-introduced to the stud in the early 1990s.
The Jaloran Merino Stud will be run parallel to Hyfield Merino and Poll Merino Stud on the Dakin Farms' Kojonup property, as separate entities.
According to Hyfield studmaster Kevin Keatley, Hyfield principal Dick Lester intends to maintain the traditional breeding strategies of Jaloran.
However, Mr Keatley could not comment further on the longterm structure of the Jaloran flock.
Elders corporate marketing manager Allan Jupp, who negotiated the sale with Elders Real Estate sales specialist Les Chitty, Narrogin, said when Mr Laitt approached him with an expression of interest to buy a southern WA farm, Jaloran was at the top of the list.
Mr Jupp said not only was Jaloran a quality holding, it was not often a large-scale property was offered for sale in the reliable farming district of Wagin.