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Local, State and Local Rural News
June 23, 2022
$200m return to region’s beef industry
The $15M investment in the Northern Rivers Livestock Exchange (NRLX) sees it continue to shine as a leader in livestock trading across NSW and Australia, milestone this week. Following this Wednesday’s sale (15 June), the current revenue from sales for at $200,355,594, a staggering $57 million increase from $143M in
year. NRLX Operations Manager Bradley Willis said breaking the $200M mark was a remarkable result for the facility
and the agriculture community of the Richmond Valley. “Council got it right with the changes which have been made and will continue to pursue improvements to the operations to increase the sustainability of the business”, Mr Willis said The NRLX had been on track for this result throughout the year, and again the results vindicated the $15m investment by Council with the support of the Australian and NSW Governments in upgrading the facility. “This result demonstrates the growth of the beef industry and the momentum building
since completion of the NRLX redevelopment,” he said. This year NRLX has demonstrated its capacity as a regional livestock exchange by providing vital support for many primary producers who and destocking following The facility provided temporary housing and livestock feeding, allowing for stock consolidation before moving to agistment and using the facility to treat animals and identify ownership. This has been further demonstrated with the closure of Lismore Saleyards and the ability
of the NRLX to service the whole region’s livestock selling needs. “The success of this year for producers, agents and all related businesses local economy for some time,” Mr Willis said. NRLX has moved to number three in the state with throughput of 103,436 head, and for the 2021/22 year sits at 116,438 head. Richmond Valley Council general manager Vaughan Macdonald praised the success of the NRLX and said it was an important result to assist the region’s recovery. “On the day of sales, Casino CBD businesses are a hive of activity,
whether for people grabbing supplies or doing other business.” Mr Macdonald said. “This business activity contributes to the strength of our local businesses and provides important local employment growth.” Mr Macdonald said NRLX was a modern best-practice facility with further improvements to services and technology on the way. “The COVID pandemic impacted many businesses, but the NRLX team adapted quickly, and the beef industry has grown throughout this period,” he said. Mr Macdonald said
had been a key focus of the facility in recent years, with increasing pressure to remain viable due to escalating compliance costs, higher expectations from buyers and sellers, and animal welfare and work health and safety requirements. “While producers and agents are enjoying unprecedented revenues, it is critical the NRLX returns a surplus each year to enable reinvestment in the facility and support for the agricultural community more broadly,” he concluded.
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