Beekeepers devastated by $20,000 bee theft in Far North Queensland.

Beekeepers in Far North Queensland are in shock following the theft of numerous hives valued at up to $20,000. (ABC Far North: Sophie Johnson)

Reports indicate that dozens of hives, housing almost 500,000 bees, have been stolen from two locations on the Atherton Tablelands.

Authorities are currently investigating the matter and believe the thief may be a semi-commercial or commercial beekeeper.