One of the largest agricultural transactions in Australian history has topped the 2025 land sales across the nation.

In Short

Historic Buyout: Canadian pension fund PSP Investments has acquired full control of the 31,400ha Kooba Aggregation for $500 million, making it the largest Australian farmland transaction of 2025.

Corporate Exit: The deal marks the total exit of veteran businessman Chris Corrigan from his largest agricultural holding, following his public frustrations with Federal water buyback policies.

Strategic Split: The aggregation will be split into two specialized streams: AFF will manage cotton, cropping, and livestock, while Stahmann Webster takes over the 1,400ha of almond orchards.

A massive $500 million transaction in our own backyard has set a new benchmark for Australian agriculture, as the 2025-26 property season reaches its peak.

The total buyout of the Kooba Aggregation by Canadian pension fund PSP Investments has officially topped the list of national farmland sales.

Spanning 31,400 hectares between Griffith and Darlington Point, the deal marks a significant shift in the landscape of the Riverina and Western Plains.

The Top Five Farmland Sales: 2025–2026

While the Kooba deal leads the pack, several other massive transactions have reshaped the agricultural map over the past year:

Impact on the Hay Cotton Gin and Local Growers

The consolidation of Kooba is expected to have a direct "trickle-south" effect on the Hay Cotton Gin.

Since Australian Food and Fibre (AFF) - a joint venture between PSP and the Robinson family - will now manage the cotton and broadacre portions of Kooba, the Hay facility is looking at a guaranteed "feeder" of high-volume production.

AFF acquired the Hay Gin in 2021, and the added certainty from Kooba’s 30,000-odd hectares is intended to bolster the facility's operational future following last year's record-breaking ginning season.

However, the move also underscores the departure of veteran businessman Chris Corrigan, who has exited his largest agricultural holding.

Corrigan’s departure comes with a pointed warning for the region; in the past, he cited frustration with the Federal Government’s water buyback policies as a primary driver for the sale.

A Split Management Strategy

Following the buyout, PSP has carved the aggregation into two distinct management streams:

Australian Food and Fibre (AFF): Led by Managing Director Joe Robinson, AFF will handle the cotton, broadacre crops, and livestock.

Stahmann Webster: This PSP-owned entity has taken the reins of the 1,400 hectares of almond orchards and apiary (bee) assets.