| Paraway Pastoral Company | |
| Owner: | Wholly owned operating entity of the Macquarie Pastoral Fund |
| Key People: | Bruce Terry (Chairman) Harvey Gaynor (CEO) |
| Type: | Private (Ltd) |
| Founded: | 2007 |
| Location City: | Orange, NSW |
| Location Country: | Australia |
| Industry: | Livestock (cattle and sheep) and cropping |
| Num Employees: | 244 full time and seasonal staff |
| Homepage: | http://www.paraway.com.au |
Paraway Pastoral Company (Paraway) is a privately owned operating entity of the Macquarie Pastoral Fund and runs a total of 27 stations across Queensland (Northern), New South Wales (Central) and Victoria (Southern). As at 2019, these 27 stations cover a combined total of 4 400 000 hectares, with the ability to run more than 200 000 head of cattle and 240 000 head of sheep across the portfolio. The core strategy by which Paraway bases its operations is "Paraway is committed to being a consistent, reliable supplier of quality product to its customers".[1]
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Paraway was established in 2007 and a name for the new company was based on the nickname, “Paraway”, given to pastoralist, drover and explorer Nathanial ‘Nat’ Buchanan by the local Aboriginal people.
Nathaniel Buchanan (1826 – 23 September 1901) was born in Ireland, near Dublin, although was originally of Scottish descent. He arrived in Sydney in January 1837 and settled in the New England area in 1839. Buchanan became known as ‘Paraway’ because of its similarity to the phrase, “far away”, as the local Aboriginals noted that he was always coming from or going somewhere far away. 'Paraway' was also the first European to cross the Barkly Tablelands from east to west during which he took a large herd of breeding cattle from Queensland to the Northern Territory. Today, Paraway Pastoral owns several portions of this land, thus maintaining their connection to the Paraway name.
In 1859, Buchanan and fellow explorer, William Landsborough embarked on a joint search for grazing land. Setting off from Rockhampton on their first voyage, they explored country around the Fitzroy and Belyando Rivers before heading further west. They ran out of supplies on this voyage however, and had to be rescued by a relief party. The following year they found 1500 sq. miles (388 500 ha) of land on the Thompson River which they secured in 1863 with the capital being supplied by Robert Morehead of the Scottish Australian Company.[2] Similarly, in 1861, William Landsborough formed the Landsborough River Company with Buchanan and Edward Cornish through which they applied for 15 runs of 100 sq. miles each (25 900ha) near Longreach to stock what he named Bowen Downs. Bowen Downs prospered for a time but there was eventually a fall in the market (mainly due to drought) and the price of cattle and wool dropped so low that the station had to be abandoned and Buchanan lost almost everything he had to his name.[3] These exploratory missions and the introduction of pastoral companies such as the Scottish Australian Company into Australia paved the way for companies like Paraway to emerge.
After several decades of exploring and establishing various properties and pastoral expeditions across Queensland and the Northern Territory, Buchanan died in 1901 (aged 75) on his farm Dungowan Creek, his final property purchase. He married his wife Catherine Buchanan (née Gordon) in 1863 who survived him along with their son Gordon (born 1864).
Paraway is involved in the breeding and growing of beef cattle across all its portfolios. The 'Northern' properties run a mix of Brahman and Brahman X in their herds, whilst those based in the 'Central' regions run an Angus breeding herd. In the Southern region, several properties run trade cattle and when conditions permit they are used to finish Paraway bred cattle as well. Collectively, Paraway's properties have the ability to run over 200 000 head of cattle and produce in excess of 20 million kilograms of beef each year.
Davenport Downs consists of two original properties, Davenport Downs and Springvale, purchased by Paraway in 2009 and 2011 respectively. Together they form a 1.5 million hectare aggregation that deals with fattening over 29 000 steers. Its land size makes Davenport Downs Paraway's biggest property as well as the largest cattle station in Queensland. Davenport Downs is chiefly Mitchell grass and channel country with its water sourced from a network of bores, as well the Diamantina River and Farrahs Creek that crosscut the property. These waterways often flood during the wet season, covering up to one quarter of the property and contributing to a reliable source of feed throughout the rest of the year.
Tanbar, located on the Cooper Creek in the channel country of Western Queensland, was acquired by Paraway in 2016 from the Western Grazing Company and covers just over 1 million hectares. Due to its channel country location, a significant portion of the property is flooded by the Cooper Creek each year which then feeds into the transient Lake Yamma Yamma, thus providing the pastures with a form of natural irrigation.
The acquisition of Tanbar substantially added to Paraway's growing capacity and was seen as a significant developmental step in terms of expanding its grass finishing capacity. It also allowed for the streamlining of the Company's breeding location and capacity with the combined purchase of Rocklands, an almost 680 000 hectare breeding property on the Barkly Tableland in Northwestern Queensland occurring at the same time. The incorporated purchase was rumoured to be worth between $130 million and $140 million.[4]
Oxley Station is a 35 000 hectare holding located on the Lower Macquarie River, approximately 75km north of Warren, NSW. It was purchased by Paraway in 2011 and is located at the point where the river fans into natural wetlands (that account for nearly one third of the property's total area)[5] known as the Macquarie Marshes, increasing its grazing potential as even during times of drought the marshes remain green.[6]
The property began with the name "Ringorah" and became part of the Buttabone Pastoral Company in 1876. By 1924 this aggregation encompassed almost 97 000 hectares and Buttabone had become the largest freehold in the Macquarie Valley until it all went up for subdivision during auction later that year.
It is suggested that JJ Leahy acquired Oxley following Buttabone's dispersion as "throughout the 1940s, rural newspapers regularly ran articles highlighting the latest sale-yard triumph of Oxley-bred bullocks".[7] So remarkable was Leahy's breeding that from January 8th to May 2nd, his stock who were sold under the name "J.J. Leahy", secured top prices for steers and bullocks, twenty times with his cows, heifers and dealers topping the market on five other occasions.[8]
Oxley was sold in 1949, remaining JJ's cattle breeding base until this time. After JJ Leahy died in 1959, his son Keith bought Ringorah South but the main Oxley property was purchased by Berawinnia Pastoral Company, a joint venture of the Crawford, Moxham and Stalley families. In 1969 Berawinnia was bought ad lib by British American Tobacco Australia as part of its diversification strategy. This enterprise was later called Amatil and thus Oxley became part of Amatil's Naroo Pastoral Company.
Following successive crises in both the wool and cattle markets, Amatil decided to divest its pastoral portfolio and Oxley along with several other Naroo properties was purchased by Argentinian John D Kahlbetzer's Twynam Pastoral Company in 1979. In 1984 Twynam also bought Keith Leahy's Ringorah South subdivision allowing them to rebuild the original Ringorah holdings to its 1937 dimensions. In 1998 Oxley was bought by Clyde Agriculture, an agricultural production and land management company,[9] a purchase the corporation had coveted for some time. After a run of good years early on, the 2000s drought hit Oxley hard as it received next to no flooding from 2001 to 2007 and in the following years, Clyde began to reduce its pastoral investment. In 2011 Oxley was bought by Paraway in a "bulk deal worth close to $50 million".
Paraway began its sheep breeding and growing enterprises in 2007 with its purchase of Pooginook, an iconic sheep stud in the Riverina region of NSW. From this initial purchase Paraway has added sheep farming properties in Central and Southern NSW as well as Victoria to accommodate a flock of up to 240 000 head. This flock produces over 1.46 million kilograms of wool each year and sells 120 000 head of sheep to both processors and restockers.
Pooginook Station, is an historic Merino stud made up of almost 20 000 hectares of native and irrigated grazing land in the Riverina Region of NSW, and was Paraway's first purchase when it was formed in 2007. As a result of its specific husbandry practices, careful selection and continual benchmarking, Pooginook aims to set the standard for high quality stud and commercial sheep. They host an annual ram sale on the last Tuesday of September each year where both their Merino and Poll rams are auctioned. Semen is also available for sale from Pooginook special stud sires. Pooginook is a member of the NSW Stud Merino Breeders Association.[10]
The ram breeding enterprise that began as the foundation of what is Pooginook today was established by the Culley and Taylor Partnership in 1912 as Yoorooga Merino Stud at Jerilderie. The base of the breeding ewes came from Wanganella and the rams from Murga. When the partnership dissolved in 1937, Pooginook Stud was formed with half of the stud sheep and Wonga Stud was formed with the other half. The Pooginook Stud stock that have descended from Yoorooga's original flock is what Paraway purchased in 2007.[11]
As an addition to its sheep and cattle operations, Paraway has dryland cropping area totally over 20 000 hectares as well as 2 500 hectares of irrigated cropping. This land produces a variety of cereal crops, legumes, rice and cotton. Paraway retains a significant amount of the grain and hay it produces to use in its livestock operations.
As at June 2019, Paraway owns a total of 27 properties across the Eastern States of Australia, namely Queensland, New South Wales and Victoria. The properties are listed below in alphabetical order and with details about their size, region and property type as well as when they were purchased by Paraway.
| Aberbaldie | Central | 3 894 | Cattle breeding and finishing | 3 | 2016 | |
| Armraynald | Northern | 214 090 | Cattle breeding | 11 | 2009 | |
| Barton | Southern | 8 244 | Sheep and cattle breeding | 7 | 2018 | |
| Beckworth Court | Southern | 3024 | Sheep and cattle finishing | 3 | 2016 | |
| Borambil | Southern | 14 442 | Merino sheep breeding, cattle backgrounding and cropping | 4 | 2008 | |
| Burindi | Central | 11 000 | Cattle breeding and opportunity fattening | 4 | 2008 | |
| Burmah | Central | 4 187ha | Finishing | 3 | 2016 | |
| Buttabone | Central | 28 783 | Cattle breeding and fattening | 3 | 2010 | |
| Clonagh Station | Northern | 214 270 | Cattle fattening | 17 | 2009 | |
| Cooinbil | Southern | 89 040 | Merino sheep breeding and cropping | 5 | 2010 | |
| Davenport Downs | Northern | 1 510 000 | Cattle fattening | 10 | 2009 | |
| Gregory Downs | Northern | 266 425 | Cattle breeding | 15 | 2009 | |
| Malvern Hills | Northern | 50 070 | Cattle growing | 3 | 2011 | |
| Merrimba | Central | 19 097 | Merino sheep breeding, cattle breeding and fattening | 4 | 2011 | |
| Moira Runda | Central | 4 855 | Cattle finishing | 2 | 2018 | |
| Mungadal | Southern | 116 994 | Merino sheep breeding, prime lamb production and cropping | 4 | 2010 | |
| Newstead | Central | 4 964 | Finishing | 2 | 2016 | |
| Old Bundemar | Central | 22 370 | Sheep and cropping | 6 | 2018 | |
| Oxley | Central | 35 249 | Angus cattle breeding and fattening | 3 | 2011 | |
| Paradise | Central | 6 434 | Finishing | 2 | 2016 | |
| Pier Pier | Central | 31 603 | Sheep breeding, cattle fattening and cropping | 3 | 2011 | |
| Pooginook Station | Southern | 19 656 | Stud merino sheep breeding and cropping | 4 | 2007 | |
| Northern | 677 964 | Cattle breeding | 25 | 2016 | ||
| Steam Plains | Southern | 46 395 | Merino sheep breeding, prime lamb production, cattle backgrounding and cropping | 4 | 2008 | |
| Tanbar | Northern | 1 021 904 | Cattle growing | 14 | 2016 | |
| The Bulls Run | Southern | 6 880 | Mixed farming | 4 | 2007 | |
| Urawilkie | Central | 25 944 | Cattle and wheat | 8 | 2018 |