No bull in funding boost to Casino Saleyard
CASINO Saleyard will expand their capacity by 40% thanks to a recent $3.5m Federal Government grant.
Richmond Valley Mayor Ernie Bennett said the expansion would see an additional 50,000 head of cattle pass through the saleyard every year.
Mr Bennett said the value of extra cattle passing through the saleyard would be more than $50m per annum with the potential to create an additional 220 jobs both directly and indirectly.
"This is just absolutely fabulous news," he said.
"It's something we've waited for for a long time.
"The value of the cattle that could come through in that process would have a value in excess of $50m a year.
"That whole capacity flows through into the abattoir, into the tannery, so it has the potential to create up to 220 jobs."
In making the funding announcement, Page MP Kevin Hogan said the expansion would leave no doubt about which town holds the title of Australia's Beef Capital.
"We know in this region that Casino is the Beef Capital of this country, even though some may disagree," he said.
"This investment into the saleyard is going to make sure Casino is at the forefront of the beef industry in this country.
"We have 1200 people who work across the road from the saleyard at the meatworks.
"Their jobs are going to benefit from this as will all beef producers in the region."
The saleyard expansion comes just six months after the Casino Northern Co-operative Meat Company announced it would spend $30m to upgrade its cold storage facility.
The grant was part of the Federal Government's National Stronger Regions Fund.
A total of five major projects on the Northern Rivers received grants under the stronger regions funds, totalling more than $12.6m.