Further breakdown of our dairy assets below. I have put a cross through Weneeda as we didn't move forward with that purchase. They have really got a good mix of assets that are firing atm. The rise in SP today was long overdue.
Money to be spread far and wide
WHAT the money earmarked for dairy will be spent on:
Buy Kurleah Dairy Farm, Allendale East, $7.23 million.
Extra capital for Kurleah and livestock, $650,000-$950,000.
Buy Weneeda Dairy Farm, Kalangadoo, $4.26 million.
Extra capital for Weneeda and livestock, $710,000-$1.11 million.
Buy Pedra Branca Dairy Farm, Allendale East, $19.2 million.
Extra capital for Pedra Branca and livestock, $930,000-$1.53 million
Re-establish UDP operations at Jervois and Murray Bridge, upgrade plants to export standards and install new dairy processing plant $4.5 million-$18 million.
Buy additional shareholding in Paris Creek, $2.60 million
Buy Australian Dairy Protein plant at Jervois on the ex-UDP site, $7 million.
Buy 30 per cent interest in Australian Provincial Cheese, $910,000.
http://www.weeklytimesnow.com.au/ag...ndustry-welcomed/story-fnkeqg0i-1227469507389
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