MEDIA RELEASE: 27th November 2023
Elders and Nutrien Ag Solutions have announced they will form a new joint venture, TLX Pty Ltd (TLX), to operate the existing Tasmania Livestock Exchange business.
TLX will now be managing and operating the saleyards at Powranna and Oatlands.
TLX Manager Andrew Palmer said the announcement will deliver a multi-agent operated selling centre in Tasmania.
“Centralising Tasmanian livestock sales through the Powranna site over the past few years has resulted in increased competition and prices for our livestock producers. It has also seen a huge improvement in the wellbeing and safety of animals and a safer workplace for livestock personnel,” said Mr Palmer.
TLX holds weekly prime cattle, sheep and lamb sales every Tuesday at Powranna, plus feature store cattle sales and special sheep sales at Oatlands, with Nutrien Ag Solutions, Elders and AWN all selling across the sites.
Mr Palmer said the change in ownership will not impact business as usual operations at the saleyards.
“We’re also using state-of-the-art technology and digital systems on site to prioritise animal welfare, traceability and biosecurity to ensure a premier experience for all,” said Mr Palmer.
Elders Livestock Manager Gavin Coombe said Elders’ decision to partner in TLX represents a significant investment and confidence in the Tasmanian livestock sector.
“Our involvement sends a strong message to the rural community in Tasmania that Elders are making a financial commitment to agriculture in this State,” said Mr Coombe.
“Elders has a strong and growing livestock team who are here to stay to continue to provide a competitive selling environment for our clients. The new arrangement will have positive outcomes for them, allowing us to have an aligned auction selling season with other agencies.”
Nutrien Ag Solutions General Manager Tasmania, Josh Sattler said the partnership with Elders is good news for the industry.
“Increased buyer competition through a single selling centre benefits vendors and purchasers from Tasmania and the mainland. It will ensure we see more combined sales, an increased number of livestock at the yards and stronger interest from all involved,” said Mr Sattler.
“Livestock yards are a capital-intensive business to operate, so this joint venture opens up the opportunity for further co-investment.”