Newspaper article The Chronicle (Toowoomba, Australia)

Hart Family Prepares to Sell Feedlot

Newspaper article The Chronicle (Toowoomba, Australia)

Hart Family Prepares to Sell Feedlot

Article excerpt

Byline: Stuart Cumming thechronicle.com.au

PASTORALIST and businessman Robin Hart and his family are selling their iconic Kerwee Feedlot after a lifetime in the cattle and lot feeding industry.

The award-winning feedlot has been owned by the Hart family since it was established in 1955.

Mr Hart's son Lachie Hart said Kerwee was the oldest feedlot in the country to remain under the one ownership.

Lachie said the decision to sell the Jondaryan property was part of the family's succession plan.

aMy parents have children who aren't involved in the family business,a Lachie said.

aTo cut a long story short, they weren't prepared to hand the keys just over to me and I wasn't prepared to go to the bank and increase my risk profile there.

aWe thought it best to put the assets up for sale.a

He said the business had gone through many changes in its years.

aThere has been a lot of change, in particular, the profile of lot feeding has increased substantially. …

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