City still profits from saleyards

WARRNAMBOOL’S livestock exchange may be facing an uncertain future, but the city council is still herding profits from the operation with another surplus projected for next financial year.

Budget papers for 2014-15 forecast the Caramut Road saleyards will generate $1.279 million revenue with costs estimated at $914,000 leaving a profit of $365,000 — down about $100,000 on this financial year’s expected $467,000 surplus.

Expected lower throughput is listed as a reason for the profit forecast.

The city council is continuing with its long-term strategy to cease running a municipal saleyards and move the operation into private ownership.

Regional Infrastructure Pty Ltd (RIPL) has been selected as the preferred party to build and operate a replacement regional livestock selling centre within 40 kilometres of the municipal boundary.

One option is that RIPL could run the city saleyards while it constructs a new facility.

In the meantime Corangamite and Moyne shire councils have also aired their desire to be involved in finding a new regional saleyards operator.

Corangamite Shire Council expects to make a $158,000 profit from its Camperdown saleyards after deducting $575,000 expenses from the $733,000 revenue. 

Hamilton’s municipal saleyards are expected to turn in a $245,000 profit after operating costs of $1.12m are deducted from the expected $1.36m revenue.

A further $470,000 will be spent by Southern Grampians Shire Council on upgrading the facility.

pcollins@fairfaxmedia.com.au

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