The mutli-million dollar expansion of Princess Royal Station’s feedlot has attracted support from the Regional Development Fund.
The expansion will create new jobs and boost production of top quality South Australian beef for export to markets in Australia and Europe – a project being backed by the grant.
It could create up to 31 construction jobs and five new full-time equivalent positions.
Princess Royal Station director and manager Simon Rowe, who has more than 40 years’ experience in the industry, said the grant would help set the foundation for the entire project going forward.
”We are a growing business which prefers local businesses and suppliers and naturally, we proudly employ a large local workforce,” Mr Rowe said.
“As one of only two enterprises to hold European Accreditation in South Australia, Princess Royal is very important to the South Australian export market which increases the access to the market.”
Mr Rowe said it was highly valued and difficult to achieve this accreditation and was important to the South Australian economy to continue growing its export markets.
This expansion will allow Princess Royal Station to capitalise on strong national and international demand for its beef with a focus on the lucrative European Union grain fed high-quality beef market.
“The expansion will include an annual purchase of $1.6 million worth of additional fodder, which will be injected straight into the local economy,” he said.
“It’s exciting to see our growth is supported and we look forward to continuing to work closely with the local community.”
The RDF grant, of $250,000, will help to create the construction and additional employment opportunities.
The $5.2 million stage one expansion will see the current beef cattle feedlot at Princess Royal’s Mackerode Station almost double in the next two to three years from 6090 head of cattle to around 12,000.
Regional Development Minister Geoff Brock said although Princes Royal Station was just out of his Frome electorate he was still excited, as minister, to see this expansion.
Mr Brock said discussions surrounding the expansion had been ongoing for some time. “This grant from the Regional Development Fund recognises just how important the beef industry is to the state,” he said.
Princess Royal Station’s operations include trading cattle and sheep, broad-acre cropping, cattle commission services, freight, live exports and a wine label called Burra Creek Wines.
The company owns and operates more than 25,000 hectares of cropping and grazing land.