"Friends of Toganmain" is recently launched crowdfunding campaign to help raise $25,000 to restore the woolshed and adjacent buildings to their former glory and make the site a cultural tourist attraction.

The shed sits on the which sits on the bank of the Murrumbidgee near Darlington Point.

It dates back to 1875 and is the largest remaining woolshed in the NSW Riverina region, and holds an iconic status in Australian pastoral folklore.

Once a bustling hub of activity, Toganmain saw more than seven million sheep pass through its doors, with the September of 1876 recording a total of 202,292 sheep shorn by 92 blade shearers, an Australian record never to be beaten.

Toganmain Woolshed committee member and author of the book Historic Shearing Sheds Peter Freeman said he wanted to bring the shed back to its former glory.

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"Our vision is to create a cultural attraction that will educate visitors and preserve that piece of history for generations to come," Mr Freeman said.

"The restoration will provide the local community and the wider heritage tourism sector with access to an iconic Australian shearing shed, bringing to life the communities they supported and its relationships to local communities, indigenous culture and the natural environment."

The vision for the site is an immersive curated museum that will use recorded oral shearers stories, written accounts and interpretative signage, to bring to life Australia's vital pastoral history.

Toganmain was one of the first major woolsheds to embrace the Wolseley Sheep Shearing Machine, which was developed in 1887.

The machine revolutionised shearing by enabling a large increase in the number of sheep to be shorn per day and increased the amount of fleece taken per sheep.

The crowd funding campaign can be found on the GoFundMe and so far over $3300 has been raised, those interested in donated can go to www.gofundme.com/friends-of-toganmain-woolshed-precinct