We could be witnessing the camel milk industry’s next big step.
West Australian camel milk farm Good Earth Dairy has developed a ‘unique agri-tech’ way to produce camel milk for below AUD $3 per litre – a massive feat considering their only competitor has a production cost of $12 per litre.
The business has spent five years and over $4 million perfecting their camel herd, milking process, and developing the IP needed to significantly drop milk prices.
Good Earth Dairy co-founder and chief executive Marcel Steingiesser said with the novel IP to reduce costs and increase yields, camel milk is now a viable disruptor in the lucrative infant formula industry.
“And we intent to enter that market with the support of this equity crowdfunding campaign,” Mr Steingiesser said.
The business has launched an equity crowdfunding campaign on Australian crowdsourcing website Birchal in an effort to raise $1.2 million, a sum which will go towards breaking into the infant formula market.
Camel milk is ideal for infant formula and other specialised health products because it is naturally lactose free and promotes gut health.
Good Earth Dairy’s ground-breaking IP was co-founded by cameleer Stephen Geppert, ex-government employees Henry and Marcel Steingiesser, and former Western Australian politican Kim Chance.
Currently all milk being produced by the dairy is sold in over 50 stockists throughout Western Australia.
The company is aiming to list on the ASX in early 2021 while also creating a sustainable, ethical agricultural industry focused on large scale production of ‘pure Australian camel milk’.