The remaining parcel of an historical dairy farming property in Tasmania's far north-west hits the market this week.
At the time of its sale, it was the largest dairy operation in Australia, spanning a vast 143,500 hectares, milking 17,890 cows over 7,062 hectares. In the wake of the announcement, the ABC understands Mr Lu sent about 700 dairy cows to the nearby abattoir for slaughter.Initially, Mr Lu had a grand plan to fly millions of litres of fresh Tasmanian milk to Chinese consumers in Ningbo, Shanghai, Hangzhou and Beijing.A slice of what was Australia's largest dairy farm in Tasmania's fertile north-west has been purchased for $15 million.
Again in 2021, Mr Lu said he would put aside 1,800 hectares of land for Tasmanian devil conservation.Former chief executive of Moon Lake Investments, Evan Rolley, joined the company with high hopes. Last month, a further 700-hectare slice entered the market. It sold for $15 million to Prime Dairy, the dairy arm of Melbourne-based fund manager Prime Value Asset Management.