
09 Jun Australian farming by numbers
Let us take stock on just how big agricultural business in Australia at the farm gate level. It is not just a checkerboard of settler’s blocks any more, it is now a deep, complex and capital-intensive industry that is layered with international and domestic corporates, investor syndications, and intergenerational farming families.
With the recent boom in agricultural asset prices, clients with net assets north of $100m is not as uncommon as you may think. Lucky country indeed….
The following lists will be provided to garner the appreciation of what is occurring within Australia’s vast interior (Agjournal April 2021):
- 20 of Australia’s biggest farmland deals in the past 5 years.
- Top 10 Investors by $$ value
- Top 10 by size
Biggest Farmland Deals over the past 5 years
- Amount: $860m
Property: Almond orchards, Robinvale VIC (2020)
Seller: Olam Orchards
Buyer: PSP Investments
Deal: 12,000ha almonds and 90,000 megs HS water
- Amount: $854m
Property: Webster Limited
Seller: Webster Limited
Buyer: PSP Investments
Deal: 340,000ha & 153,000 megs
- Amount: $600m (for sale)
Property: Lawson Grains
Seller: Macquarie Agriculture
Buyer: to be determined
Deal: 105,000ha cropping in NSW & WA
- Amount: $600m (for sale)
Property: Auscott Limited
Seller: JG Boswell Company
Buyer: to be determined
Deal: 22,000ha irrigation, 143,000 megs, 5 cotton gins
- Amount: $500m
Property: Consolidated Pastoral Company assets (2020)
Seller: Consolidated Pastoral Company
Buyer: Guy Hands
Deal: 3.2million ha in NT & QLD, 300,000 cattle & feedlot in Indonesia
- Amount: $400m
Property: North Australian Pastoral Company (80%) 2016
Seller: Foster Family and MP Evans
Buyer: QIC
Deal: 5.8m ha and 178,000 cattle
- Amount: $386.5m
Property: S Kidman & Co
Seller: Descendants of Sir Sidney Kidman
Buyer: Outback Beef (Gina Rinehart and Shanghai CRED)
Deal: 17 Pastoral leases, 155,000 cattle and a feedlot
- Amount: $370m
Property: Proten chicken farms (2018)
Seller: ProTen Limited
Buyer: ROC Partners – First State Super
Deal: details not provided
- Amount: $329.6m (for sale)
Property: Vitalharvest (2021)
Seller: Vitalharvest Freehold Trust
Buyer: to be determined
Deal: citrus, berry farms leased to Costa Group
- Amount: $325m
Property: BFB Farms (2019)
Seller: Proterra Investment Partners
Buyer: PSP Investments
Deal: Cropping, logistics, 48,700ha and 332,000t storage
- Amount: $300m
Property: Hassad Australia Properties (2018)
Seller: Hassad Australia
Buyer: Macquarie Agriculture
Deal: 9 farms covering 100,000ha
- Amount: $300m
Property: Midkin Aggregation, Moree NSW (2019)
Seller: JG Boswell Company – Auscott Limited
Buyer: PSP Investments
Deal: 17,300ha & 53,600 megs and cotton ginning facilities
- Amount: $300m (for sale)
Property: Hancock Agriculture / Kidman & Co Stations
Seller: Hancock Agriculture / S Kidman & Co
Buyer: to be determined
Deal: 7 cattle stations 1.88m ha in NT & WA and
- Amount: $280m
Property: Van Diemen’s Land Dairy (2016)
Seller: Van Diemen’s Land Company
Buyer: Moon Lake Investments (China)
Deal: 7,000ha and 17,890 dairy cows
- Amount: $200m
Property: Cubbie Station (49% stake) QLD (2019)
Seller: Cubbie Agriculture (China)
Buyer: Macquarie Infrastructure and Real Assets
Deal: not provided
- Amount: $185m
Property: Sustainable Agriculture Fund (2018)
Seller: Sustainable Agriculture Fund
Buyer: Various Investors
Deal: not provided
- Amount: $180m
Property: Jasper Farms (2018)
Seller: Delroy Family
Buyer: Ontario Teachers’ Pension Plan
Deal: not provided
- Amount: $148m
Property: Rocklands & Tanbar Stations, QLD (2016)
Seller: Western Grazing
Buyer: Macquarie Agriculture – Paraway Pastoral Company
Deal: not provided
- Amount: $140m
Property: Wyadra & Cowl Cowl Stations, NSW (2020)
Seller: Harvard University Endowment Fund
Buyer: Hancock Agricultural Investment Group (US)
Deal: not provided
- Amount: $135m
Property: Argyle Downs, Newry & Auvergne Stations, WA & NT (2019)
Seller: Consolidated Pastoral Company
Buyer: Clean Agriculture and International Tourism (Vietnam)
Deal: not provided
Top 10 Investors by Value
- Amount: $4,000,000,000
Investor: PSP Investments
- Amount: $3,000,000,000 +
Investor: Macquarie Agriculture
- Amount: $1,800,000,000 +
Investor: TIAA – CREF
- Amount: $1,100,000,000
Investor: Rural Funds Group
- Amount: $1,000,000,000 +
Investor: Hancock Agricultural Investment Group
- Amount: $1,000,000,000 +
Investor: GoFarm
- Amount: $1,000,000,000
Investor: CK Life Sciences
- Amount: $1,000,000,000
Investor: Gina Rinehart Hancock Prospecting / Outback Beef
- Amount: $810,600,000
Investor: AACo
- Amount: $800,000,000
Investor: North Australian Pastoral Company
Top 10 by Size
- Size: 10,000,000ha
Investor: Gina Rinehart
- Size: 6,400,000ha
Investor: AACo
- Size: 6,150,000ha
Investor: Jumbuck Pastoral Company
- Size: 6,100,000ha
Investor: North Australian Pastoral Company
- Size: 5,000,000ha+
Investor: Crown Point Pastoral
- Size: 4,700,000ha
Investor: Macquarie Agriculture
- Size: 4,650,000ha
Investor: Williams Cattle Company
- Size: 3,360,000ha
Investor: MDH Pty Ltd
- Size: 3,200,000ha
Investor: Consolidated Pastoral Company
- Size: 3,000,000ha
Investor: Brook Family
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