Fields snap up pastoral property

By the Editorial Team · Friday, October 23, 2026

TA Field Estates has purchased the 4,600-hectare Banongill South pastoral property near Skipton, Victoria, signaling the company's expansion into the state's sheep grazing sector. The acquisition will enable TA Field Estates to develop a major Merino breeding operation, targeting a superfine wool flock of up to 15,000 breeding ewes and significantly increasing its wool production capacity.

TA Field Estates, a leading Australian family-owned agricultural enterprise, has acquired Banongill South, a 4,600-hectare pastoral property located near Vite Vite North, close to Skipton in Victoria’s Western District. The purchase marks the company’s strategic expansion into Victoria’s sheep grazing industry, with settlement expected later this year. Financial terms of the transaction have not been disclosed.

The Fields, headed by Michael and Angela Field, manage an extensive portfolio spanning over 72,000 hectares across New South Wales. Their holdings produce more than 2,400 bales of wool, primarily superfine varieties ranging from 13 to 38 microns, along with a mixed-age breeding herd of approximately 2,100 cows. The company also cultivates upwards of 10,000 tonnes of grain crops, including wheat, chickpeas, barley, and sorghum.

TA Field Estates plans to develop Banongill South into a major Merino breeding operation, with intentions to establish a sizable superfine wool flock comprising 12,000 to 15,000 breeding ewes. The property will also support a stud flock of around 650 ewes along with rams. The company anticipates the grazing capacity will soon support between 30,000 and 40,000 dry sheep equivalents, combining sheep and cattle.

Michael Field, managing director and chairman of TA Field Estates and a fourth-generation member of the family, described the acquisition as "very, very exciting." He emphasized the strategic fit of Banongill South, noting the property’s scale and robust infrastructure, which includes a six-stand board wool shed, undercover yards, and shearing facilities. "We were seeking a new geographical region with scale that allowed us to expand our superfine wool enterprise. Banongill South allows us to do that," Mr. Field said.

The Field family has deep roots in Australia’s pastoral sector, owning multiple properties across the NSW Riverina region, including Aberfeldy Station near Holbrook (1,771 hectares), Benargoo Station at Jugiong (3,000 hectares), and the 52,000-hectare Wyvern Station at Carrathool. Their northern NSW holdings include Congi Station at Woolbrook (10,000 hectares) and Mobinbry and Wilby stations near North Star (6,100 hectares combined).

Banongill South was placed on the market earlier this year by vendors Chris and Tanya Mulcahy, who had owned the property since 2021. At that time, the Mulcahy family acquired Banongill following the sale by Laguna Bay Agricultural Fund of the larger 8,200-hectare Banongill Station for about $80 million. The original sale involved a consortium of seven local farming families, including the Mulcahys.

Historically, Banongill Station, featuring a heritage homestead, originated as an outpost of Borriyaklook Station. In the 1850s, part of Borriyaklook was separated and renamed Banongill, which was once owned by Francis Ormond, a noted pastoralist and philanthropist, who founded Ormond College at the University of Melbourne.

Elders Real Estate’s Camperdown agent Rob Rickard managed the sale process but declined to provide additional comments. Adjacent properties, including the 792.74-hectare Brenleys near Willaura, roughly 60 kilometers west, were excluded from the current sale.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.