Beef and Lamb New Zealand is working with Dunedin-based agribusiness company Abacus- Bio to establish a Future Farm project.
The Future Farm, which will be a hill-country sheep and beef property with about 6000 stock units, will operate as a fully commercial livestock farming enterprise.
It will be used by BLNZ to trial new technologies and farm systems as part of its strategy to lift farm productivity and profitability.
The likely model would be a lease property or a partnership with an existing farmer, general manager innovation Richard Wakelin said.
"We're open-minded. We're not looking to be in the market to purchase, but we welcome ideas people have on how we could structure an arrangement. The key is the right farm with the right people around it," Mr Wakelin said.