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Reaction to the sale of Tasmania's largest farm
Tasmania's peak farming body has slammed the Federal Government's decision to approve the sale of Tasmania's largest farm to a UK forestry investor.
The Government-funded Clean Energy Finance Corporation has joined forces with Gresham House and British Aviva Investors to pay $142 million for Rushy Lagoon.
Tas Farmers CEO Nathan Calman said he's extremely disappointed on behalf of the agriculture sector and north-east community.
Rushy Lagoon is an expansive property on Tasmania's far north-east tip and features four dairies.(Supplied: CBRE Agribusiness)
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Chalmers approves ‘disgraceful’ farm sale to foreign-owned carbon credit company
Jim Chalmers’ “disgraceful” approval of the sale of a Tasmanian cattle farm shows that for Labor "net zero trumps the protection of prime productive agricultural land", the Coalition says.
Treasurer Jim Chalmers’ “disgraceful” approval of a Tasmanian cattle farm to a British company receiving $69 million in public funds has been decried by the Coalition.
Labor gave the green light for the sale of the 22,000-hectare Rushy Lagoon dairy and beef farmland to Tasmanian Nature Asset Trust, which is run by the UK investment firm Gresham House.
The Albanese government’s approval followed the Foreign Investment Review Board approving the $100 million sale.
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