HANCOCK Prospecting Pty Ltd (HPPL) has recently completed a purchase of 1,500 Fullblood Wagyu cattle, including purchases from globally renowned Wagyu breeder, David Blackmore and Queensland based Mal Burston.
This acquisition not only increases the size of HPPL’s Wagyu herd, but the furtherance of high quality Fullblood genetics ensures that the herd will be able to sustainably produce premium Wagyu beef products into the premium domestic and export markets.
The breeder herd will be located on HPPL’s New South Wales cattle properties, near Dubbo, and the progeny cattle will be located on HPPL’s Queensland properties where they will graze on pasture and grain supplement.
“This purchase provides HPPL with more premier Australian Wagyu breeders with the best quality genetics," executive chairman of the HPPL group, Gina Rinehart said.
"This will accelerate the expansion of our herd and the development of our premium 2GR brand."
CEO Garry Korte said “We are excited to be investing further in Australian agriculture and contributing to the development of Australia’s reputation as a clean green agricultural producer.”
Acclaimed Wagyu producer David Blackmore is encouraged by the deal, and said “Mrs Rinehart’s family has its roots in Australian agriculture.
"I am delighted that Hancock is continuing to make productive investments in Australian agriculture, with a focus on high quality and value-adding.” Mr Burston said.
“HPPL recognises the value of Fullblood Wagyu and producing premium products for the discerning market and this acquisition will allow it to do so.”
