Originally published by Tallis Miles of The Weekly Times
16.03.2026
A 1762ha portfolio of cotton and grain farms has been snapped up by four local buyers for $19m in total. See the details.
A portfolio of four southern Queensland dryland cropping farms have been sold at auction by their American owners for $19m combined.
The four farms sold were part of the massive 23,500ha One Tree Agriculture portfolio spanning 21 properties on the northern NSW and southern Qld border, aggregated by US-based private equity firm Proterra Investment Partners.
The 768ha Eurangatuck, 468ha Dewai, 389ha Oaklands and 137ha Crooks were offered via auction on Thursday, March 12 at the BMO Business Centre Dalby, where they were all sold under auction conditions.
Eurangatuck was sold for $7.05m, while Oaklands was snapped up for $5.4m. Dewai fetched $5.325m and Crooks was sold for $1.3m for a cumulative total of $19.075m.
Four separate local buyers secured one of the cropping farms each, adding them to their existing agricultural landholdings in the Dalby region.
LAWD Agribusiness director Simon Cudmore conducted the sale of the four properties, which he said received up to a dozen bids each from the field of 13 registered bidders.
Proterra’s sale of the 1762ha Darling Downs Portfolio marks their complete divestment of the One Tree Agriculture portfolio, which was sold for almost $240m in total.
Last year three private Australian farming families each purchased a slice of the 7934ha Umbercollie Aggregation, while Gina Rinehart’s Hancock Agriculture snapped up the 7000ha Jandowae Aggregation, about 50km north of Dalby.
Hancock Agriculture were set to add the Jandowae properties to their existing landholdings in the Darling Downs region, including the Warra aggregation, which comprises about 14,000ha of mixed irrigated and dryland farming, located between the townships of Warra and Jimbour.
Elsewhere, Alkira Farms, a subsidiary of The Church of Jesus Christ of Latter-day Saints’ Farmland Reserve, emerged as the buyer of the 5694ha Calrossie Farm, formerly the North Star Aggregation of the One Tree Portfolio, located 45km north of Moree in northern NSW, via a $68m deal.
Proterra first listed the 23,595ha One Tree Portfolio for sale in 2022 amid a $400m offering as part of their exit from a 10-year Australian agricultural investment term.
From the initial offering, Proterra has retained the 14,425ha Racecourse portfolio in the Clairview and Mackay regions of Queensland.
The listings came shortly after Proterra offloaded its massive 22,500ha Corinella Farms for more than $360m in late 2021, selling its portfolio of western Victorian and South Australian cropping farms to 27 different Australian purchasers.
