Mill Pond Farm is a farm at Jembaicumbene, 10 km south-west of Braidwood in New South Wales, and the site of the Jembaicumbene Steam Flour Mills, a four-storey mill that Charles Edward Dransfield built in 1859 from bricks made on the property and granite cut on the farm. The mill was in full operation by March 1860, and by 1889 it was already known as Dransfield's old mill. The former mill, with its stables and shearing shed, is a local heritage item, and Mill Pond Farm is a private residence.
Charles Edward Dransfield, who had grown wheat and sold gold leases in the 1850s, built the mill in 1859 on what is now Mill Pond Farm, with hardwood beams from the Budawang Ranges inside. On 21 January 1860 the Braidwood Observer reported that the Jembaicumbene Flour Mills would open at the close of the month, and Dransfield's notice named them The Jembaicumbene Steam Flour Mills. By 19 March 1860 the Sydney Morning Herald's Braidwood correspondent found the new mill 'in full operation'.
By June 1870 Dransfield had set up a ten-stamper crushing machine on the flat beside the mill for the quartz of the Braidwood reefs. Dransfield died at Summer Hill on 19 January 1888, and by March 1889 the building was Dransfield's old mill, with an alluvial gold claim of about 40 men worked below it.
By 1905 the property was called Caloola, and by 1908 the old mill was a shearing shed. The mill has been a local heritage item since 1991, and Queanbeyan-Palerang Regional Local Environmental Plan 2022 lists the former steam flour mill, including stables and shearing shed. Restoration of the mill, farmhouse and outbuildings began in 2008; by October 2016 the mill's lower floor had opened as the Wheatfield Gallery, and Mill Pond Farm was offered for sale in October 2019. The property is a private residence, with the four-storey mill, the Gothic Revival bargeboards of the farmhouse and an 1840s timber wagon barn on 41 hectares of granite country beside Jembaicumbene Creek.