Toowoomba-based company Prime Ag is selling off its assets to a US pension fund and delisting from the share market.


Three of the biggest properties on the Queensland-New South Wales border will be sold to TIAA-CREF Global Agriculture LLC for $125 million.


Managing director Peter Corish said it was necessary following discussions between major shareholders last year.


"The listed market has not recognised the value of our land and water assets for a number of years plus our share price has been trading at a significant discount than the value of the assets," he said.


"The board made the decision that the best way to deal with the issue was to seek to privatise the company."


Read more at The Toowoomba Chronicle