New York-based investment adviser Anchorage Capital Group is set to sell its Victorian and NSW dairy farms.
There are expectations they could fetch $50 million.
The properties include two in the south-west in Victoria, two at Finley, NSW, and one in Gippsland.
PWC has been appointed to sell the five farms which are milking about 5000 head of cows.
Anchorage purchased the properties over three years from 2014 for about $40 million.
Fairfax Media suggest three or four groups pitched on a tender to sell the dairy portfolio, which is managed and operated by ACE Farming, founded by Jeremy Bayard.
