Nestled near Clarke Creek in Central Queensland, Barmount Feedlot is more than just a high-performing beef cattle operation – it’s a true-blue example of how commitment to people, process, and community can create a thriving rural business.
Named Feedlot of the Year in 2024, in its 8,000–15,000 head category, Barmount Feedlot is a family-run business that feeds more Bos indicus cattle than most other yards, operating in one of the most remote parts of Queensland.
Behind the scenes, BOQ Senior Agribusiness Manager Ian Mills has been a steady partner on Barmount Feedlot’s journey since 2014. It’s a relationship grounded in trust, understanding, and a deep commitment to long-term growth.
According to Ian, there is a real pride in the way the Conaghans run their business. ‘It’s the attention to detail, the investment in their staff, the culture they are developing to make Barmount Feedlot an Employer of choice,’ he says.
Banking on relationships, not transactions
For co-owners Phil and Lynise Conaghan, their relationship with Ian and BOQ began when they were searching for more personalised service.
‘Bank of Queensland stood out as the right fit, and Ian quickly proved that they could deliver exactly what we needed,’ the Conaghans say. ‘Ian takes the time to understand our business, our goals and our people. He treats our successes like his own.’
That tailored, human approach has paid off during crucial moments. Whether it’s planning for expansion, budgeting, or navigating seasonal cash flow swings, Ian has has shown he’s someone who doesn’t just understand the financials – but gets the rhythm and reality of rural life.
‘There have been moments, especially during key cattle purchasing windows when we needed quick decisions. Ian always made himself available and moved things through BOQ efficiently, ensuring we could act fast in the market without being held back,’ the Conaghans say.
A proactive partner through every season
In agribusiness, timing is everything. From droughts to bumper seasons, the cattle industry is nothing if not unpredictable. Ian understands that and takes a proactive approach to ensure Barmount is on the front foot and ready for what’s ahead.
‘We have regular “what if” conversations and highlight the speed bumps to plan for,' Ian explains.
While the feedlot’s remote location might have its challenges – the nearest township is hours away – it’s never been a barrier to service. Ian regularly makes himself available, even outside business hours, and has met on weekends to talk through financing strategies.
‘Ian is flexible, responsible and proactive. Above all, Ian listens!’ Phil and Lynise say.
Regan, Tessa, and Andrew Conaghan are the future of Barmount Feedlot.
Building for the next generation
Barmount is building a legacy. Which means succession planning and long-term financial sustainability are top priorities – another area where BOQ adds real value.
‘We are a party to their long-term visions to expand further, and we work with all family members – next generation included,’ Ian says.
For the Conaghans, that support helps bring clarity to complex decisions.
‘Ian helps us stay financially sharp,’ they say. ‘He has been a sounding board, helping us to map out sustainable pathways for our family and business, making sure we have clear visibility over our cash flow and commitments.’
Backed by the Bank of Queenslanders
More than anything, Barmount’s success reflects what’s possible when rural businesses are supported by people who understand and believe in them.
‘Having the support of a Queensland bank means being backed by people who understand the challenges of remote business,’ the Conaghans say. ‘They understand the volatility of the cattle industry, and the importance of relationships in rural communities.’
In return, BOQ sees the value in backing businesses like Barmount Feedlot – who represent the future of Australian agriculture.
‘Being a part of the Conaghan story up here as a friend and not just a banker, it’s something that’s really important to me,’ says Ian. ‘They really want to develop this business and pass on a legacy.’
BOQ Senior Agribusiness Manager Ian Mills has been a steady partner for Phil Conaghan and the Barmount Feedlot business since 2014.
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