2013
Liam Lenaghan founds GO.FARM Australia
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We identify underutilised and undercapitalised Australian agricultural assets and transform them to highest and best use. Our expertise lies in landuse change, asset reconfiguration and investment in people, technology, productivity and sustainability. We have successfully executed strategies across greenfield developments, brownfield reversions, rainfed and irrigated farming systems, annual crops and permanent plantings across multiple geographies.
We are the stewards of*
96,000ML
Water
92,000ha
Land
Key portfolio metrics
$1.1B2
Current Assets Under Management (AUD)
$950M3
Capital Deployed
200+
FTE Regionally Employed
36.6% net IRR4
Generated on $150 million of realised assets
$2.5B
Forecast Assets Under
Management by 2030
1 current and realised as at June 2024
2 All figures in this Investment Summary are in Australian dollars.
3 equity and debt, current and realised assets as at June 2024.
4 The IRR described above is not attributable to any single investment fund,
but rather the weighted return of all exited GO.FARM projects since 2014.
6,250 ha planted6
2.2 million trees planted6
700 ha planted5
70,000 t produced5
14.2 million seedlings5
19,700 ha planted5
60,000 t produced5
70 ha planted
46,000 trees planted
120 ha planted6
384,600 vines planted6
12,500+ ha of native vegetation conserved
5 per annum
6 by the end of 2024
Liam Lenaghan founds GO.FARM Australia
August
First farmland Acquistion – Yarrabee Park & Gidgell (Morundah Land Trust)
October
Windomal Land Trust established – four Sunraysia cropping properties acquired for repositioning as shovel ready almond development sites
MARCH
Happy Valley – Sunraysia dryland cropping property purchased
OCTOBER
Costa Asset Management acquires a 50% stake in GO.FARM Australia
NOVEMBER
Almendra Trust –almond tree nursery established to address industry supply constraints (>500,000 trees produced)
DECEMBER
Three further Sunraysia cropping properties purchased (including ‘Maffra’
May
Piambie acquisition (‘Del Rios’) – first warm climate vineyard reversion to almonds
April
Australian Farming Services (AFS) established. 50/50 joint venture between GO.FARM & US Agri Fund
JUNE
‘Maffra’ sold to US Agri Fund – IRR 175%
November
Petro Station acquisition – farm system improvement of a large scale broadacre cropping property
‘Canally Aggregation’ (Windomal Land Trust) divestment to US Agri Fund – IRR 56%. Happy Valley divestment to familycorporate – IRR 41%
JULY
GO.FARM Australia secures the management rights for the ASX-listing of Vitalharvest (Agri REIT)
OCTOBER
GO.FARM Australia featured in AFR ‘Fast Starters’ list
Sandmount Farms (Akuna Trust) established – aggregation of mixed grazing and dairy properties and water entitlements. Over 70 transactions to compile portfolio
DECEMBER
Naranga Land Trust established. Land and water entitlement portfolio in Sunraysia region
JANUARY
GO.FARM Graduate Program launched Australian Farming Services (AFS) CEO appointed
JUNE
Investment into Sandmount Farms (Akuna Trust) doubled
FEBRUARY
Tasmanian Premium Land established – conversion of mixed grazing/cropping properties to cool climate vineyards in the Tamar Valley
APRIL
Management agreement signed with US institutional investor – management of $100M Riverina cotton and almond property portfolio
John Maher joins GO.FARM Australia board as Independent Director
JUNE
Vitalharvest management rights sold to Primewest
GO.FARM Australia wins Australian Property Institute ‘Innovation in Property Award’
January
Goulburn Gold Property Trust established – transformation of four dairy properties to almond orchards
MARCH
Divestment of Morundah Land Trust assets to institutional investor – IRR 26% over eight years
April
Lake Boga Property Trust established – acquisition of large water portfolio and four properties (significant field tomato footprint)
JUNE
GO.FARM participates in Pilot Trial for Leading Harvest Australia (Farmland Sustainability Standard)
July
GO.FARM reaches 100 team members
November
GO.FARM Australia partners with Charles Sturt University, the Anthony Costa Foundation and AFS to launch $1.3M AGcessibility Scholarships for students from a First Nations or low socioeconomic background
April
AFS commences construction of Murray Downs almond hulling/shelling plant
June
Institutional mandate with an Australian Super Fund
August
Riverina Property Trust established – conversion of annual cropping and warm climate vineyard to almond orchards
OCTOBER
First cool climate vineyard planted in Tasmania
January
Eurambeen Station Farming Trust established – Western District Victorian cropping portfolio
February
GO.FARM received certification from Leading Harvest Australia Farmland Sustainability Standard
Our investments are focused on delivering on our purpose
Our research driven approach determines how we select, acquire and develop each asset
We seek to capture as much of the opportunity as possible
Our projects deliver transformational outcomes with step changes in production, earnings, and capital values
^ANZ estimates
2023-24 production forecast $78 billon (ABARES)
National Farmers’ Federation target