Duxton Farms has sold its Timberscombe property to Altora Ag for $70 million, pending Foreign Investment Review Board approval.

The deal is expected to be settled in four weeks.

The move reallocates resources for growth in the Northern Territory, Victoria, and New South Wales, as well as debt reduction and shareholder distributions.

The sale marks a move towards Duxton Farms' diverse agricultural ventures for long-term value creation and stability.