Warracknabeal is the next town visited when heading south from the northern Wheatbelt towns and region. Warracknabeal is deemed the ‘capitol’ of this area in Victoria. Warracknabeal is a bigger town that has yet not been discovered by the brands. The fact that commercial ruin has not descended give the place a nice busy main street feel. Warracknabeal is a Wheatbelt town.
The town's name is believed to derive from an aboriginal expression meaning "place of big gums shading the water hole". The earliest settlers in the area included Andrew and Robert Scott, who established the first run of the name.
Amongst the historical buildings are an 1872 prison cell built from red and yellow gum, a Tudor-style post office, and a four storey water tower from 1886. There is also an agricultural machinery museum housing pieces from the history of farming in the Mallee and Wimmera districts.