The Global Private Capital team at QIC is Rethinking Agribusiness. Our acquired controlling interest of North Australian Pastoral Company (NAPCO) is central to our strategy.
Watch the video below to learn more about the asset and our approach.
Attractive themes are a key driver of our investment decisions.
Global beef consumption is forecast to grow considerably, particularly from Asia as the combination of income and population growth from the rising middle class is expected accelerate demand for beef. This trend is complemented by contracting and complicated supply dynamics that indicate a potential longer term structural price increase.
These demand and supply dynamics combined with Australia’s natural competitive advantage in terms of industry structure, environment and geographic location make the beef sector an attractive macro thematic to pursue.
In July 2016, QIC acquired a controlling interest in The North Australian Pastoral Company (NAPCO).
NAPCO is one of Australia’s oldest and largest agricultural enterprises covering 5.8 million hectares across Queensland and the Northern Territory with approximately 190,000 head of cattle.
NAPCO’s beef production operations are established from breeding through to feedlot across 13 strategically located properties and a feedlot on the Darling Downs. NAPCO is a strong story of provenance and supply integration.
Our Modern Food Strategy focuses on transitioning production led agribusiness companies to a demand-led model through co-ordinating the supply chain globally.
Our current vision is to transform NAPCO into a demand driven vertically integrated beef business.
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 Source: OECD-FAO 2014, “Agricultural Outlook 2014”