$40m offers tipped for huge NSW Riverina farms

A 4628ha aggregation of three farms in southern NSW has hit the market, listed for sale by one of Australia’s biggest cropping farmers.

Lawson Grains are selling the 4628ha Buckingbong Aggregation following about a decade of ownership.

One of Australia’s largest cropping farmers have listed a sprawling 4600ha cropping aggregation in the NSW Riverina as it looks to reshape its giant agricultural portfolio.

Corporate cropping giant, Lawson Grains, backed by Sydney-based global forestry investment manager New Agriculture and huge Canadian pension fund, the Alberta Investment Management Corporation (AIMCo), are selling the 4628ha Buckingbong Aggregation following about a decade of ownership.

Considered 92 per cent arable with 4245ha of cropping area, the aggregation comprises the Buckingbong (2536ha), Barragunda (1438ha) and Calooli (654ha) holdings, offered to the market in three parcels or as a whole.

Offers for the aggregation are tipped to be in the vicinity of $40m for its entirety.

The corporate cropping giant said they were looking to divest the Buckingbong Aggregation due to portfolio realignment within the NSW Riverina, following the $43.5m acquisition of the 3096ha Bulgandra Aggregation near Rand, earlier this year.

“The purchase of Bulgandra in early 2025 enabled the addition of more than 3000ha close to existing grain production, storage and logistics operations at Rand which has meant a realignment of the portfolio in southern New South Wales,” Lawson Grains CEO Angus Blair said.

Acquired in 2014 and 2015 by Lawson Grains, the Buckingbong Aggregation is considered 92 per cent arable with 4245ha of cropping area.

“Since acquiring the Buckingbong Aggregation 10 years ago, we’ve continued to develop the property to drive performance and it is now presented to the market as a turnkey grain farm at scale.”

Elders Real Estate are handling the sale of the aggregation via Victoria-NSW Riverina state real estate manager Nick Myer.

“Buckingbong is a rare offering of scale in the tightly held Riverina region with extensive grain storage and an excellent soil amelioration program,” Mr Myer said.

“We have no doubt this asset will appeal to a wide range of investor profiles for both broadacre farming and the potential for alternative revenue streams.”

Infrastructure at Buckingbong includes nearly 12,000 tonnes via a combination of upright silos and grain bunkers.

Lawson Grains acquired the Buckingbong properties in 2014 and 2015, when it was owned by Macquarie Agriculture – the nation’s third-biggest farmland investor. by value.

During their tenure an extensive soil amelioration has been conducted (lime and gypsum), while operating the properties under a 12m controlled traffic farming system, incorporating stubble retention and a strategic crop rotation.

Structural improvements have focused on access roads, water supply and grain storage, which now totals nearly 12,000 tonnes via a combination of upright silos and grain bunkers.

In January 2022, Lawson Grains was acquired by AIMCo, following a mammoth $600m sale.

Lawson Grains has since added the 13,498ha Jemalong Station near Forbes in Central West NSW for $85m in 2023, plus the Green Park Aggregation in Rand, NSW, for almost $40m, adding it to the now 11,219ha Borambil Aggregation.