Coulton family of Morella Agriculture model successful succession planningPosted on August 5, 2019
THE Coulton family is on the white track — and not looking back. And while the pioneers of the cotton industry in southern Queensland’s MacIntyre Valley prefer to fly under the radar, they have continued to expand in an effort to challenge themselves, spread risk across different enterprises and climates, and ultimately to put in place a solid succession plan, writes Nicola Bell, The Weekly Times.
The Coultons’ Morella Agriculture business involves David and Kim Coulton and their three sons, Andrew, Thomas and Sam. They operate across a number of properties totalling a massive 809,371ha spread from Thargomindah to Goondiwindi, Bungunya and Toobeah in Queensland as well as from Boggabilla to Ebor in northern NSW.
They farm about 5500ha of irrigated cotton, 7000-8000ha of cereal crops and run 4000 Angus breeding cows, as well as trading about 10,000 cattle and operating a 2000-head feedlot.
With succession planning an important strategy for the family, each of the brothers manage separate properties, with Tom and wife Bridget based at Tandawanna North at Bungunya, Andrew and Liz running Neilo at Toobeah, and Sam and Claudia on the home property, Morella, at Boggabilla. Full story