Managed by Howard Smith and family, Mr Panorama was last year featured in Queensland Country Life's 'Signature Properties' publication.

Now it is a finalist in the Rural Sustainability category of the Environmental Protection Agency Sustainable Industries Awards 2008.

"The Smith family have used integrated management practices to control a heavy infestation of parthenium weed," Qld Environment Minister Andrew McNamara said.

"Biological control agents were used in preference to chemicals and seasonally clearing paddocks of stock enabled buffel grass to outgrow the parthenium weed.

"Fence placements were also utilised to give greater control of how grazing occurs - where, when and for how long."

Mr McNamara said the finalists had been selected from more than 100 innovative entries from small business to large multi-million d ollar companies, showcasing Queensland's diverse range of 'sustainability champions'.

"We have visionary companies right here in Queensland that are committed to developing innovative products and practices that reduce consumption of fossil fuels water, waste and greenhouse gas emissions," Mr McNamara said.

"The Queensland Government, through the EPA's Sustainable Industries Awards, now in their third year, is committed to helping Queensland business and industry develop Smart State technologies that reduce environmental impacts.

"The record number of nominations this year highlights outstanding work of businesses adopting sustainable practices in a competitive market place."

Mr McNamara congratulated the Smiths for their "unique management" of Mt Panorama.

This included obtaining comprehensive mapping advice from the State Government to identify specific soil and land types before implementing the new farm model."

The Rural Sustainability category, sponsored by Australian Country Choice, is awarded to a primary producer for sustainable primary production and stewardship of the natural capital underpinning the business.

Winners will be announced at a gala dinner at the Gold Coast Exhibition and Convention Centre on Friday, 31 October 2008.