Australia's largest organic chicken producer Inglewood Farms has fallen into receivership, owing at least $60 million.

The company is a subsidiary of RM Williams Agricultural Holdings, and employs about 100 people.

Inglewood has an 80 per cent share of the Australian organic poultry market, and supplies some supermarket chains in Hong Kong.

The company owes about $60 million to secured creditor Westpac Bank.

PPB Advisory's Stephen Parbery and Greg Quinn have been appointed receivers and managers of the ailing business, which operates on 1,710 hectares near Inglewood in south-east Queensland.

PPB said its appointment follows notification by the company's directors that they were intending to resign.

"This occurred after Inglewood Farms shareholders indicated that they would not provide additional funding to support the company's ongoing operations," PPB said in a statement.

"This forced the company's secured creditor to appoint receivers and managers to facilitate and maintain the ongoing operations.

"In addition to the lack of funding support, the receivers have been notified that the shareholders have sought to withdraw use of the RM Williams brand by Inglewood Farms."

Inglewood's problems follow the recent receivership of the head company, RM Williams Agricultural Holdings, chaired by former Australian News Corp chief Ken Cowley.

PPB is undertaking an urgent review of Inglewood to ensure continuing operations and to prepare it for sale.

Mr Parbery said his immediate priority was to ensure the business continued operating during the review.

The farm accommodates about 300,000 birds and processes 27,000 each week.

"We are working with a number of stakeholders to try to secure the future of the business," he said.

Mr Parbery later told AAP he did not have a sale price for the poultry farm.


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