Ron Greentree

Australia’s biggest wheat farmer selling up

PHOTO: Ron Greentree is Australia’s biggest wheat farmer. Photo: Paul Mathews

Australia’s biggest wheat farmer, Ron Greentree, has put Muttama Station, a 12,500 hectare cropping and grazing property west of Coonamble in the NSW Western Plains, up for sale after acquiring full ownership of it from former business partner Ken Harris in December.

The pair owned Muttama Station as part of their Greentree Farming partnership. They put it up for sale in November 2017 as part of plans to dissolve their business partnership and split up the remaining assets.

Title deeds show Mr Greentree acquired full ownership of the property last year, when his private company Prime Grain acquired the other half held by Limthono Pty Ltd, the company of his business partner.

It was transferred for a zero amount. At the time it had an unimproved valuation of $16.3 million.

According to Rural Bank’s 2020 Australian Farmland Values Report, the median selling price of farmland in Coonamble in 2019 was $2543 a hectare. Based on this figure, Muttama Station could be worth in excess of $31 million.