Elders Ltd (ASX: ELD), Media Release, 4 May 2026
Elders Ltd (ASX: ELD) has been appointed by Jumbuck Pastoral to undertake the divestment of a contiguous aggregation of three pastoral stations spanning 1,289,700 hectares.
The aggregation is an iconic powerhouse of wool and sheep meat production, having the prescribed capacity to carry over 83,300 sheep. It is located in a core sheep-producing district of South Australia’s Far North pastoral zone, supporting large-scale, low-input merino enterprises with demonstrated long-term resilience and strategic highway access. The aggregation is comprised of the following stations:
- Commonwealth Hill: 553,100 hectares
- Mobella: 426,600 hectares
- Bulgunnia: 310,000 hectares
The aggregation will be offered as a whole and in parts on a walk in walk out basis, including a significant merino sheep flock.
“This represents a rare opportunity to acquire Australia’s largest contiguous sheep station aggregation during a period of unprecedented growth in demand for quality Australian fibre and protein,” said Elders Real Estate CEO, Tom Russo.
“These assets offer exposure to globally relevant production. Global sheep meat export volumes have grown faster than overall production over the last decade, resulting in rising reliance on international trade and reinforcing Australia’s role as a key exporter.”
Investing now to participate in the response to this ever growing demand is a compelling opportunity, especially when it Is anchored by quality and finite real assets.”
The aggregation is being offered to the market in the context of excellent seasonal and market conditions. The country is well managed and has benefited from recent favorable seasonal conditions, currently offering an abundance of feed.
The Australian wool market is in its strongest position for many years and current low inventory and stronger processor demand suggests that the market can hold materially above long term averages moving forward. In addition, sheep meat prices remain historically strong at near record levels.
The aggregation spans an area that is larger than more than forty sovereign nations around the world.
“Given the strategic advantages and efficiencies that can be achieved by operating an enterprise at this scale, we anticipate receiving offers from both large private and corporate investors within Australia and internationally.
Having said that, we will be running a flexible expression of interest process that will accommodate bids on single stations or the entire aggregation, thereby providing the opportunity for a large range of interested parties to participate in the process.”
Jumbuck Pastoral is one of the largest livestock production enterprises in Australia. Established in 1888, it is owned by the MacLachlan family and has vast pastoral land holdings throughout the country. The aggregation has been held by Jumbuck since the 1940’s and the sale is being undertaken as part of an orderly succession planning process being conducted by the family.
“The portfolio of pastoral assets that has been acquired by Jumbuck nationally over many years of sustained investment is truly extraordinary”, said Mr Russo. “The decision to divest some of that portfolio is clearly one that is not taken lightly in the context of such a storied and much admired dynasty. That said, the time has come to undertake this restructure and set the platform for the next chapter of that story.”
The sale process will commence in mid May.
