goFARM Australia

What goFARM Australia does

GO.FARM Australia is an Australian-owned agricultural property developer and fund manager that identifies underutilised and undercapitalised Australian agricultural assets and transforms them into investment-grade operations through land-use change, asset reconfiguration, and investment in people, technology, productivity and sustainability. The company was founded in 2013 by Liam Lenaghan and is jointly owned by the Costa family (via Costa Asset Management, which acquired a 50% stake in October 2015) and the founder. As of August 2024, GO.FARM managed approximately A$1.3 billion in assets under management across 96,000 hectares of land and 112,000 megalitres of water, with a stated forecast of A$2.5 billion AUM by 2030.

The company's core offering comprises a portfolio of directly operated and managed farm properties spanning almonds (Sandmount Farms, Canally, Riverina Farms, Goulburn Gold), field tomatoes (Lake Boga), broadacre cropping (Petro Station, Eurambeen Station), cool-climate wine grapes (Tasmanian Premium Land), and Super High-Density olives (Dellapool), supplemented by a Graduate Program and an Investor Portal. Underlying technology includes the GOtrack autonomous tractor system, no-till farming practices across 20,000+ hectares, subsoil drip irrigation with 30,000 km of drip tube installed, soil amelioration informed by 8,870 soil pits, and precision-agriculture tooling including drones and weather stations. In 2024, GO.FARM launched the Responsible Agriculture Fund, its first co-mingled vehicle, targeting a A$300 million raise. The company holds AFSL 527381 (via GO.FARM Securities) and is a certified member of the Leading Harvest Australian Farmland Management Standard.

GO.FARM operates a hybrid revenue model anchored on agricultural fund management: management fees on approximately A$1.3B AUM deployed across bespoke trusts and the new Responsible Agriculture Fund for institutional LPs (Qantas Super, Aware Super, Australian Super Fund, Costa Asset Management) and wholesale/HNW investors, plus commodity revenue from almonds, tomatoes, broadacre crops, citrus, wine grapes and olives produced on company-owned and managed farms. A third revenue stream comes from asset development and exit gains, with historical realised returns of 36% net IRR on A$150 million of exits including Yarrabee Park (26% IRR, 4.6x equity multiple), Canally (56% IRR), Maffra (175% IRR) and Happy Valley (41% IRR). Distribution is direct enterprise sales to institutional capital allocators; the company is domestic-only (NSW, VIC, SA, Tasmania) with no global footprint claimed.

Name

goFARM Australia

Legal name

GO.FARM Australia Pty Ltd

Website

https://gofarmaustralia.com.au

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

GO.FARM Australia is a Melbourne-based agricultural property developer and fund manager that acquires and transforms underutilised Australian farmland into investment-grade almond, tomato, broadacre, wine grape and olive operations, managing approximately A$1.3 billion in assets for institutional and wholesale investors.

Ownership category

akta.pro rank

Product category

Agricultural Fund Management

NAICS

Farm Management Services (115116), Oilseed and Grain Farming (1111), Oilseed and Grain Combination Farming (111191)

SIC

Agricultural Services (700), Agricultural Production-Crops (100)

akta.pro primary industry

Natural Resources — Farmland & Agriculture (FSAAAKAI)

akta.pro secondary industries

Farm Technology Enablement & Data Integration Advisory (FMIS/ERP, IoT, Decision Support) (AFACAJAG), Carbon, Sustainability & MRV Platforms (GHG Accounting, Regenerative Ag) (AFAAAFAK), Farm Finance, Input Procurement & Risk Tools (Budgeting, Inventory, Insurance Links) (AFAAAFAO)

Keywords

• Agricultural fund management
• Farmland investment services
• Agricultural asset management
• Farm property development
• Agricultural investment funds

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Agricultural Asset Management Fees: GO.FARM operates as an agricultural fund manager, generating revenue through management fees from funds under management. The company manages investment-grade agricultural assets on behalf of institutional investors, superannuation funds, and wholesale clients.
2. Agricultural Production Revenue: Revenue generated from the production and sale of agricultural commodities including almonds, tomatoes, broadacre crops, citrus, wine grapes, and olives from company-owned and managed farm operations.
3. Asset Development and Exit Gains: GO.FARM generates returns through transforming underutilised assets into high-value operations and realising gains through divestment. Historical exits include Yarrabee Park (26% IRR), Canally Aggregation (56% IRR), and other portfolio assets.
4. Responsible Agriculture Fund: GO.FARM's co-mingled fund structure (Responsible Agriculture Fund) targeting $300m raise, providing institutional investors access to a concentrated portfolio of 4-6 investment-grade agricultural assets.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

goFARM Australia is a high-conviction agricultural investor, developer and manager that identifies underutilised and undercapitalised Australian agricultural assets and transforms them to highest and best use through land-use change, asset reconfiguration, and investment in people, technology, productivity and sustainability. The company operates as a licensed agricultural fund manager (AFSL 527381) managing investment-grade farm assets on behalf of institutional investors, superannuation funds and wholesale clients through managed investment schemes, trusts and the GO.FARM Responsible Agriculture Fund.

Product overview

GO.FARM Australia is an Australian owned, high-conviction agricultural investor, developer and manager operating as a single unified investment and development platform. The company identifies underutilised and undercapitalised Australian agricultural assets and transforms them to highest and best use through land-use change, asset reconfiguration, and investment in technology, productivity and sustainability. Its core offering includes agricultural investment management services, the GO.FARM Responsible Agriculture Fund (a co-mingled investment fund), and an Investor Portal for stakeholder access. The company manages a portfolio of investment-grade farm properties across Australia including Sandmount Farms (almonds/citrus/horticulture), Petro Station (dryland cropping), Riverina Farms (almonds), Dellapool (olive oil production), Goulburn Gold (walnuts/almonds), Canally Almond Orchards, Lake Boga (tomatoes/broadacre), Tasmanian Premium Land (wine grapes), and Eurambeen Station (cropping). Additionally, GO.FARM operates a Graduate Program offering two streams (Farmland and Agribusiness) for talent development in agriculture.

Differentiator

Problem solved

Functional benefit

Products and services

• GO.FARM Agricultural Investment & Development Services Core service offering for institutional and wholesale investors: identification, transformation and management of underutilised Australian agricultural assets through land-use change, asset reconfiguration, and investment in people, technology, productivity and sustainability.
• GO.FARM Responsible Agriculture Fund Co-mingled wholesale investment fund targeting $300m raise, providing institutional and wholesale investors access to a concentrated portfolio of 4-6 investment-grade agricultural assets diversified across geography, water source and crop type.
• Sandmount Farms Investment (Katunga, VIC) Large scale horticulture and broadacre cropping operation in Katunga, VIC, with over 500ha of almonds and citrus planted and 50,000+ML of water entitlements across 5,857ha.
• Petro Station Investment (Mallee Region, NSW) Institutional grade dryland cropping operation in the Mallee Region, NSW, spanning 26,673 hectares with significant conservation areas; cereal yields more than doubled since 2018.
• Riverina Farms Investment (Griffith, NSW) Investment-grade almond orchards in Griffith, NSW, transforming 1,390 hectares with 4,376ML of Murrumbidgee water entitlements into almond production.
• Canally Almond Orchards Investment (Balranald, NSW) Transformation of 4,900 ha dryland cropping to irrigated almond orchards near Balranald, NSW, with 1.5M+ trees planted and access to two rivers for water security.
• Lake Boga Investment (Swan Hill, VIC) Sustainable field tomato and broadacre cropping operation near Swan Hill, VIC, with 2,580 ha arable area, 420 ha tomato production, and 8,000+ ML water entitlements.
• Tasmanian Premium Land Investment (Tamar Valley) Cool-climate wine grape operation in Tamar Valley, Tasmania, with 939 ha total area, 244 ha planted, and 2,540 ML water entitlements.
• Dellapool Investment (NSW) Climate-smart olive oil production in NSW, transforming a former hazelnut orchard into a Super High-Density (SHD) olive grove with 2,666 ha total area and 11,361 ML water portfolio.
• Goulburn Gold Investment (VIC) Amalgamation of dairy and grazing properties near Shepparton, VIC, transformed into walnut orchard with 1,270 ha aggregation and 485 ha almond orchard planted to date.
• Eurambeen Station Investment (Western VIC) Western Victorian cropping portfolio near Ballarat, transitioning from mixed farming to specialised cropping with 3,644 ha total area and 790 ML water entitlements.
• GO.FARM Investor Portal Web-based portal providing investors with access to investment information, portfolio updates and reporting for goFARM-managed investment schemes and trusts.

Quantifiable outcome

• 36% net IRR generated on $150 million of realised assets since 2014
• +7 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered minor, major and core.

• ArborgreenminorStrategic or Co-development Partner · 1 May 2025GO.FARM partnered with Arborgreen, a sustainability leader, to give new life to used tree guards (AgGuards) through an innovative recycling partnership. The collaboration supports GO.FARM's commitment to responsible agriculture and environmental sustainability.
• Tamar Irrigation SchememajorStrategic or Co-development Partner · 1 December 2023GO.FARM is a key participant in the $165 million Tamar Irrigation Scheme project in Northern Tasmania, providing 13,500 megalitres of water to farmers. GO.FARM Head of Farmland Development Joe Barlow highlighted the scheme's importance for continued development at Tasmanian Premium Land.
• Anthony Costa FoundationcoreStrategic or Co-development Partner · 1 November 2022GO.FARM, the Anthony Costa Foundation and Australian Farming Services partnered with Charles Sturt University to launch a $1.3 million horticulture and agriculture scholarship program. The program is aimed at young people in rural communities and offers scholarships to First Nations people and students from low socioeconomic backgrounds, funding 10 students per year for 7 years.
• Charles Sturt UniversitycoreStrategic or Co-development Partner · 1 November 2022Partnership with GO.FARM and Anthony Costa Foundation for the AGcessibility First Nations Scholarship and AGcessibility Kickstart Scholarship program. The university administers the scholarship program supporting 10 students per year from First Nations and low socioeconomic backgrounds to pursue agricultural education.
• Leading HarvestcoreStrategic or Co-development Partner · 1 January 2022GO.FARM is a certified member of Leading Harvest's Australian Farmland Management Standard. GO.FARM was a founding member of the Australian Pilot Trial in 2022 and achieved full certification in 2024, demonstrating conformance to 13 Principles of Farmland Sustainability across 7 entities in NSW, VIC and TAS.
• Australian Farming ServicesmajorStrategic or Co-development Partner · 1 April 201750/50 joint venture between GO.FARM and US Agri Fund established in April 2017. AFS is 50% owned by GO.FARM. AFS CEO appointed, and the company has constructed the Murray Downs almond hulling/shelling plant (commenced 2023).

Scale indicators25 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Westchester Group Investment Management: One of the largest pure-play global farmland investment managers with a multi-billion-dollar AUM. Direct comparable as a third-party farmland manager serving institutional capital, with overlapping investment approach; notably, GO.FARM's Head of Farmland Growth previously oversaw a ~A$350 million portfolio at Westchester.
• Rural Funds Management (RFM): ASX-listed Australian agricultural REIT and fund manager (ASX:RFF) operating almond orchards, vineyards, water entitlements and cattle stations across Australia. Direct comparable as an Australian farmland asset manager with horticultural and water exposure and institutional/wholesale investor base.
• Gunn Agri Partners: Australian institutional farmland investment manager building and operating cropping, cattle, and permanent crop enterprises with institutional capital. Directly comparable as a competing Australian farmland manager targeting institutional LPs and operating in similar southeastern geographies.
• Laguna Bay Pastoral Company: Australian agricultural fund manager investing in farmland, water entitlements and agribusiness assets on behalf of institutional investors including superannuation funds. Directly comparable as an Australian farmland manager competing for institutional capital and operating similar asset classes.

Broad incumbents

• Hancock Natural Resource Group: A subsidiary of Manulife Investment Management and one of the world's largest farmland managers with a multi-decade track record and global footprint. Comparable as a large, established institutional farmland manager, though operating across geographies and timberland at far greater scale than GO.FARM.
• Nuveen (TIAA) Natural Capital: Global natural capital platform managing farmland and timberland for institutional investors under the Nuveen/TIAA umbrella. Comparable as a broad incumbent in farmland investment management with strong sustainability credentials and institutional client base similar to GO.FARM's superannuation LPs.
• Macquarie Agricultural Funds Management: Macquarie's agricultural funds management arm, historically one of Australia's largest institutional farmland managers. Comparable as a broad incumbent serving institutional and wholesale investors in Australian agriculture, though operating at significantly greater scale and breadth.

Emerging players

• Select Harvests: ASX-listed Australian almond producer and marketer (ASX:SHV) operating almond orchards and a value-added almond products business. Comparable as a vertically integrated Australian almond operator overlapping with GO.FARM's almond exposure, with prior leadership connection (Riverina GM previously at Select Harvests).
• Ardroy Pastoral Company: Emerging Australian agricultural investment manager focused on premium agricultural assets and water entitlements for institutional and family-office investors. Comparable as a niche Australian farmland manager targeting similar institutional and wholesale investor segments.

Others

• Prime Super / AustralianSuper Agricultural Investment Teams: Large Australian superannuation funds with internal or partnered agricultural investment programs that source, manage and operate farmland directly. Comparable as institutional investors and sometimes competing capital allocators in Australian farmland, with Australian Super having established an institutional mandate with GO.FARM in June 2023.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/3884395
• Xx.com/gofarmaustralia

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about goFARM Australia