Despite low wheat and falling pulse prices, the 628-acre Quayle property near Dalby achieved a record $3,900 per acre at auction on August 9.
The self-mulching black soil dry land grain farm 15kms north-east of Dalby had been in the one family for 108 years.
Auctioned by Ray White Rural in Toowoomba, it had eight registered bidders, with two neighbours pushing the price to a record.
An old house, sheds and grain storage was included, but not the crop.
The $2.4 million price suggests long-term faith in grain on some of the best country in Queensland.