Council's Tasmanian farm asset secure

16:00, Jan 10 2013

New Plymouth's multimillion-dollar Tasmanian dairy farm investment has escaped unscathed from massive bushfires on the Australian island.

Australia's biggest dairy business, Van Diemen's Land Company, milks 17,400 cows across 24 farms in northwest Tasmania, producing about 5.76 million kilograms of milksolids.

The company is 100 per cent owned by Tasman Farms Ltd of which the New Plymouth District Council has a 98.42 per cent share through TIML, set up eight years ago to oversee its $250 million Powerco share proceeds.

TIML chief executive Mike Trousselot said there were no fire incidents on or around VDL farms.

"VDL is located in the top northwest corner of Tasmania and that area has not been badly affected by the fires.

"The fires are concentrated in the south and east areas of Tasmania, and are mainly in forested areas," he said.

Mr Trousselot said it had been hot and dry on the farms for a couple of weeks but temperatures in the area were forecast to revert back to normal, and rain was predicted for later in the week.

Australia has been sweltering under record-breaking temperatures for more than a week with hundreds of fires burning largely out of control both in Tasmania and mainland Australia.

Though many properties have been destroyed, so far no fatalities have been attributed to the fires.


Taranaki Daily News