Fighting back after Hendra virus
THE Cawarral stud hit by the Hendra virus is on the road to recovery after a sale of assets raised much-needed working capital.
The sale was organised to recharge the J4S Equine Nursery’s battered finances after what owner John Brady called the catastrophic impact of the Hendra outbreak and two months in quarantine.
The stud lost four horses, three foals and an estimated $100,000 in income and livestock during the lockdown, just as the business was struggling to come to terms with a $200,000 deficit caused by last year’s equine influenza epidemic.
Mr Brady said he was determined that the business would be the first to survive the impact of a Hendra outbreak and the sale, on Sunday, was organised to be the first step back to prosperity.
The dispersal included well-bred foals, brood mares, mares in foal, yearlings and racehorses and represented all the Brady’s have worked so hard to create.
Mr Brady said it could have gone better, but it had created a platform to re-establish the business.
“It wasn’t as good as we had hoped, but we sold five horses and we have had a number of inquiries since, so it’s a start.
“We called it a recovery sale and we hope it will be just that. We are better off than we were.”
He said the business, which he started with wife Christine 17 years ago, would start the new year with hope.
People came from Emerald and Blackwater to the stud, where most of the livestock was available for sale to the highest bidder.
Read more about the Hendra virus.