Inside this year’s biggest farm sales

Australia’s biggest farm sales of 2025, as reported on by AuctionsPlus, delivered another year of blockbuster rural transactions, led by the roughly $500 million Kooba Aggregation takeover by Canadian pension giant PSP Investments. The top 10 deals spanned everything from Centuria Capital Group’s $444 million Arrow Funds acquisition and Stanbroke’s $400 million Rangers Valley buy, to landmark cattle, cropping and glasshouse sales across NSW, Queensland and South Australia. Together, these transactions underscored the sheer scale of capital chasing premium Australian farmland in 2025.

Kooba Aggregation - $500 million

A major Canadian pension fund, PSP Investments, took full ownership of the 30,000ha Kooba Aggregation near Griffith in a deal worth about $500 million. It bought out co-investors Chris Corrigan and David Fitzsimons, with Corrigan citing frustration over federal Labor’s water buyback policy as a key reason for exiting his largest agricultural asset.

The deal saw Kooba’s almond and apiary assets transfer to PSP-owned Stahmann Webster, while Australian Food & Fibre retained the cotton, cropping and livestock operations. PSP’s Australian portfolio grew to about $8 billion in farmland and water assets, including the former Auscott business and a wide range of dairy, cropping and poultry enterprises.

Arrow Funds Management $444 million

Centuria Capital Group expanded its agricultural platform to $1.3 billion after acquiring Arrow Funds Management and the management rights to the Arrow Primary Infrastructure Fund. The $444 million off-market deal added a 22-asset portfolio spanning poultry, pork, nut and fruit operations across NSW, Victoria, South Australia and the Northern Territory, structured at a 5.5-times EBIT multiple post-synergies.

The acquisition accelerated Centuria’s post-COVID strategy to scale high-conviction alternative real estate, with Joint CEO John McBain noting it strengthened both the company’s agricultural capabilities and its long-standing private-client offering. The transaction was funded through existing cash and undrawn debt, with the full Arrow management team transferring to Centuria.

Rangers Valley - $400 million

Stanbroke expanded into the premium grain-fed beef market with the acquisition of the 4,856ha Rangers Valley feedlot and branded beef business near Glen Innes in a deal understood to be worth about $400 million. The business, regarded as one of Australia’s most influential high-end beef suppliers, was sold by Japan’s Marubeni Corporation after nearly four decades of ownership.

Rangers Valley, which runs more than 40,000 cattle and specialises in long-fed Angus and Wagyu programs, was set to transition to Stanbroke from November 1. The deal strengthened Stanbroke’s vertically integrated beef platform, adding to its 200,000-head cattle operation and existing 50,000-head Chinchilla feedlot.

One Tree Portfolio - $220 million+

Australian farming families expanded their southern Queensland footprint with the acquisition of the 7,934ha Umbercollie Aggregation and about 80 per cent, or 8,204ha, of the Jandowae Aggregation from Proterra Investment Partners’ One Tree Portfolio. The Jandowae asset, located about 50km north of Dalby, was understood to have been purchased by Gina Rinehart’s Hancock Agriculture.

The transactions followed the March sale of the 5,694ha North Star Aggregation in NSW, lifting the combined value of One Tree Portfolio sales to more than $220 million since it was launched in June 2024. LAWD’s Danny Thomas said the result highlighted strong domestic demand for quality broadacre assets, while remaining Jandowae parcels were set to head toward a potential October 2025 auction.

Coonamble  hub - About $200 million

An Australian family farming enterprise acquired 45,362ha of prime grazing and cropping country near Coonamble in a deal worth about $200 million. The buyer was believed to be Mungindi-based farmer Malcolm Harris, whose Cleveland Agriculture business took ownership of the Wingadee and Netherway properties, previously part of the Australian Food and Agriculture portfolio.

The aggregation had earlier been tied to a proposed $780 million, 225,000ha transaction that later collapsed amid volatile equity market conditions. The purchase further expanded Cleveland Agriculture’s national footprint, lifting its total landholding to more than 2.5 million hectares.

Two Wells glasshouse - $168 million

Centuria Capital Group expanded its agricultural property portfolio with the $168 million off-market acquisition of Australia’s largest hydroponic glasshouse near Two Wells in South Australia. The 43ha Perfection Fresh-operated facility, set on a 166ha site, was added to the unlisted Centuria Agriculture Fund and lifted Centuria’s agriculture platform to $820 million.

Operated under a 17.4-year triple-net lease, the glasshouse produces snacking tomatoes, baby cucumbers and other protected-cropping varieties for major supermarkets and food-service providers. The deal marked a 25% increase in Centuria’s agricultural portfolio since June 30 and further strengthened its focus on large-scale, sustainable farming infrastructure.

McPhee Beef Farms - $150 million

New Forests expanded its Australian agribusiness portfolio by acquiring a half stake in McPhee Beef Farms in a deal expected to exceed $150 million. The 8,400ha New England aggregation - home to the Maria River Cattle Company’s Angus–Wagyu F1 program and capable of running around 15,000 steers annually - will operate as Benditi Pastoral Company, with existing staff retained under a vendor-formed entity.

The investment, managed through New Forests’ $600 million Australia New Zealand Landscapes and Forestry Fund, aligns with the manager’s whole-of-landscape strategy incorporating carbon and biodiversity revenue streams. The transaction, brokered by Colliers Agribusiness and Meares & Associates, remains subject to FIRB approval and marks another reshaping of the McPhee family’s business interests.

Arcturus Downs Portfolio - $120 million+

The Arcturus Downs Portfolio in Queensland’s Central Highlands was split between two buyers, with the newly launched $250 million Meldora platform acquiring the 15,601ha Arcturus Downs Aggregation and the Gale family purchasing the 19,343ha Pindari property.

The mixed irrigated cropping, dryland farming and cattle operation, known for cotton, sorghum, mungbeans and large-scale grazing, was regarded as one of the region’s most productive assets. The combined sale price was not disclosed but was believed to have exceeded $120 million. The acquisition marked the first investment for Meldora, a climate-smart agriculture platform backed by Canadian investor La Caisse and the Clean Energy Finance Corporation.

Wongaboori Station - $70 million+

Gina Rinehart expanded her agricultural empire with the off-market acquisition of the 10,000ha Wongaboori Station in central west NSW, a sale believed to have exceeded $70 million. The purchase, made through Hancock Prospecting subsidiary Pastoral Properties, lifted her total landholding in the Mendooran district to more than 26,000ha.

Wongaboori added to a portfolio that already included Glencoe Station, Boogadah, Caigan and the Hiddendale Aggregation, the latter serving as a major base for one of Australia’s largest fullblood Wagyu F1 herds. Rinehart’s broader agricultural diversification continued across NSW, Victoria and Queensland, supported by earlier sales of several iconic cattle stations totalling 6.7 million hectares.

Calrossie Farm - $68 million

The Church of Jesus Christ of Latter-day Saints expanded its Australian farmland holdings with the $68 million acquisition of the 5694ha Calrossie Farm near Moree, its second major cropping purchase in under a year. Sold to its Australian subsidiary, Alkira Farms, the aggregation comprises three properties assembled by Proterra Investment Partners between 2018 and forms part of the wider One Tree Portfolio.

Growth Farms Australia was appointed to manage the asset, while LAWD’s Danny Thomas and Elizabeth Doyle brokered the FIRB-approved transaction. With roughly 93 per cent arable land suited to winter and summer crops, the purchase follows the Church’s high-profile acquisition of the 26,885ha Worral Creek Aggregation in southern Queensland.

Kylie Dulhunty is a journalist with more than 20 years experience covering everything from court to health. Today, Kylie loves nothing more than turning market trends, industry insights and epic property sales - residential, rural and commercial into captivating stories.