Prime Dairy: Aiming High with 10,000 Cows by 2027
Source: The DairyNews
An Australian investment group is on a determined trajectory towards its ambitious goal of acquiring 10,000 cows by 2027. Bolstered by the recent acquisition of yet another farm in Tasmania, Prime Dairy, the dairy arm of Melbourne-based fund manager Prime Value Asset Management, is steadily progressing towards its milestone.
Currently overseeing 8,600 cows across Australia, Prime Dairy exudes confidence in the future of dairy farming in the region, aiming to deliver a minimum 12% return for investors. Spearheading this endeavor is Kirsti Keightley, a seasoned dairy expert serving as the General Manager of Dairy Investments, who brings a wealth of industry experience and strategic foresight to the group's operations.
With meticulous attention to detail, Keightley emphasizes the importance of strategic farm acquisitions in high rainfall areas with ample water availability. This strategic approach ensures optimal pasture growth and operational resilience, positioning Prime Dairy for sustained growth and profitability.
To date, Prime Dairy has invested AUS$250 million in 11 dairy farms and 4 support farms, anticipating a robust dairy production output of 43.13 million liters in 2024. With a strategic focus on reaching 10,000 cows by 2027, Prime Dairy's investment portfolio spans 5,800 hectares, encompassing a diverse range of farm sizes to optimize operational efficiency.
Keightley's vision extends beyond mere expansion, aiming to establish Prime Dairy as a global leader in pasture-based farming. By leveraging innovative technologies and sustainable practices, the group aims to produce high-quality dairy products while maintaining stringent environmental standards.
Despite challenges faced by the broader Australian dairy industry, Prime Dairy remains resilient, with 90% of its farms located in Tasmania, known for its favorable climate conditions and irrigation infrastructure. This strategic positioning mitigates potential risks associated with climate volatility, ensuring operational continuity and long-term sustainability.
Moreover, Prime Dairy's proactive approach to labor management, facilitated by a labor agreement enabling the recruitment of migrant workers, underscores the group's commitment to fostering a diverse, multicultural workforce and ensuring operational excellence.
As Prime Dairy continues to expand its footprint and enhance productivity, the group remains steadfast in its commitment to delivering value for investors while driving positive change within the dairy industry.
With meticulous attention to detail, Keightley emphasizes the importance of strategic farm acquisitions in high rainfall areas with ample water availability. This strategic approach ensures optimal pasture growth and operational resilience, positioning Prime Dairy for sustained growth and profitability.
To date, Prime Dairy has invested AUS$250 million in 11 dairy farms and 4 support farms, anticipating a robust dairy production output of 43.13 million liters in 2024. With a strategic focus on reaching 10,000 cows by 2027, Prime Dairy's investment portfolio spans 5,800 hectares, encompassing a diverse range of farm sizes to optimize operational efficiency.
Keightley's vision extends beyond mere expansion, aiming to establish Prime Dairy as a global leader in pasture-based farming. By leveraging innovative technologies and sustainable practices, the group aims to produce high-quality dairy products while maintaining stringent environmental standards.
Despite challenges faced by the broader Australian dairy industry, Prime Dairy remains resilient, with 90% of its farms located in Tasmania, known for its favorable climate conditions and irrigation infrastructure. This strategic positioning mitigates potential risks associated with climate volatility, ensuring operational continuity and long-term sustainability.
Moreover, Prime Dairy's proactive approach to labor management, facilitated by a labor agreement enabling the recruitment of migrant workers, underscores the group's commitment to fostering a diverse, multicultural workforce and ensuring operational excellence.
As Prime Dairy continues to expand its footprint and enhance productivity, the group remains steadfast in its commitment to delivering value for investors while driving positive change within the dairy industry.
