increase font size
Keith Sutton.
Australia's largest dairy farm could change hands before Christmas.
The Van Diemen's Land Company (VDL) in Tasmania, owned by the New Plymouth District Council, is talking to potential investors, as confirmed by VDL governor Keith Sutton.
"VDL is dealing with a number of parties looking to invest in the company," he told Dairy News. "VDL expects an outcome to be announced well before Christmas."
The farms are owned through New Plymouth council's Perpetual Investment Fund (PIF), which gradually increased its ownership in the farms to a majority holding over a number of years.
The council's PIF was created from the $259m sale of the council's shares in lines company Powerco in 2004.
Established in 1825, VDL is located in the picturesque northwest of Tasmania, where it owns and operates 25 dairy farms, a dairy support unit and a standalone heifer rearing operation. Including replacements VDL runs about 30,000 dairy livestock.
VDL is one of Australia's oldest companies, established in London in 1824 by 11 men closely connected with the English wool trade and textile industry.
VDL became part of the New Zealand publicly listed company Tasman Agriculture Ltd in 1993. This went into voluntary liquidation on October 31, 2001, following a restructuring of its New Zealand Farms, and its shareholders received one share in Tasman Farms Ltd for every share held in TasAg by way of an in-specie distribution.
In June 2004 VDL bought all the shares in Tasman Farmdale Ltd, which owned land in the Circular Head region of northwest Tasmania.
Tasman Farms Ltd, an NZ company, is the majority shareholder in VDL, owning 98.42% of shares on issue.
In late 2007 the New Plymouth District Council (NPDC) bid to buy Tasman Farms Ltd. In February 2008 this bid was finalised, the NPDC buying 74.33% of Tasman Farms Ltd. NPDC has since increased its shareholding to 100%.
OPINION: Your old mate hears that at a recent China Business Summit, PM Christopher Luxon delivered a none-too-subtle "could try harder" report card on the red meat industry regarding its exports to China - particularly when compared to Australia.
More Australian states are embracing virtual fencing technology, opening growth opportunities for Kiwi companies like Halter.
Fonterra says its ongoing legal battle with Australian processor Bega Cheese won’t change its divestment plans.
Farmers in the Australian state of New South Wales will soon be able to use virtual fencing and herding technology to boost farm productivity.
Australian farmers advocate NFF says this year’s Federal Election will be a defining moment for Australian agriculture.
With the current situation in the European farm machinery market being described as difficult at best, it’s perhaps no surprise that the upcoming AgriSIMA 2026 agricultural machinery exhibition, scheduled for February 2026 at Paris-Nord Villepinte, has been cancelled.
The Meat Industry Association of New Zealand (MIA) has launched the first in-market activation of the refreshed Taste Pure Nature country-of-origin brand with an exclusive pop-up restaurant experience in Shanghai.
Jayna Wadsworth, daughter of the late New Zealand wicketkeeper Ken Wadsworth, has launched an auction of cricket memorabilia to raise funds for I Am Hope's youth mental health work.
As we move into the 2025/26 growing season, the Tractor and Machinery Association (TAMA) reports that the third quarter results for the year to date is showing that the stagnated tractor market of the last 18 months is showing signs of recovery.
DairyNZ chair Tracy Brown is urging dairy farmers to participate in the 2026 Levy vote, to be held early next year.
Beef + Lamb New Zealand (B+LNZ) is calling for nominations for director roles in the Eastern North Island and Southern South Island electoral districts.
OPINION: Microplastics are turning up just about everywhere in the global food supply, including in fish, cups of tea, and…
OPINION: At a time when dairy prices are at record highs, no one was expecting the world's second largest dairy…
