The 357 hectare property, with 40 hectares of adjoining crown land is located on 5515 Wimmera Highway in Miga Lake.

The auction date has been set for Friday, March 5 at the Gymbowen Hall at 1pm.

The previous vendor has retired after owning the property for 54 years.

READ MORE:

Nutrien Harcourts district selling agent Max Brown said he expects the property will be sought after as it is bounded by two sealed main road frontages and is in a Wimmera crop district where properties are held for a long amount of time.

"This property has always been in the same hands for generations so the auction will present a unique opportunity for district farmers to acquire a much admired corner holding within easy access of three strong communities," Mr Brown said.

"It's a relatively large scale, attractive land form, and has a conservatively farmed history so is sure to attract bids from beyond the local area.

"I confidently expect to see it sell in excess of $4000 an acre."

The successful auctioneer will be given early access ahead of settlement for crop preparation and stocking.

For more information, contact Max Brown on 0429 854 772.

Did you know you can receive updates straight to your inbox? To make sure you're up-to-date with news from across the region, sign up below.