There is an increasing need for cheap, rapid and accurate soil analytical data to support precision agriculture, environmental monitoring and soil management decisions. Traditional wet chemical and physical analysis techniques for soil have limitations in terms of labour, cost and turn-around times, so that there is increasing interest in rapid spectroscopic soil analysis methods. We have developed a commercial-ready soil analytical technology using mid-infrared diffuse reflectance Fourier transform spectroscopy that non-destructively analyses a wide range of soil chemical and physical properties in less than 30 seconds. The use of large calibration datasets is essential for the accuracy of the technique to be realised, and the ability of the MIR technique to measure environmentally important soil parameters such as P sorption, soil moisture characteristic, cation exchange capacity, organic C, N, soil texture, calcium carbonate content, and other parameters has now been determined. We will present data which show that this rapid spectroscopic technique has now reached the stage where a significant advance in soil analysis can be made for commercial application in precision agriculture and in soil surveys for agriculture and resource management.