MOON LAKE SPENDS $2.7 MILLION ON DAIRY REPLACEMENT
Moon Lake Investments has announced it will spend $2.7 million upgrading the dairy on its Woolnorth property in northwest Tasmania. The Woolnorth property, the Gums, is part of the Van Diemen’s Land Company, Australia’s biggest dairy, which Moon Lake purchased in 2015. The company said replacing the existing 50 bail rotary with a new 60 bail rotary platform provides the opportunity to expand output by 20 per cent. Work is due to start in November and the new rotary is due to be operational in the second quarter of next year. Moon Lake Managing Director Sean Shwe said the new dairy was “an example of Moon Lake’s commitment to the VDL Farms enterprise”. It is part of the company’s commitment to invest $100 million over five years on its Tasmanian operations. “The company spent $6.3 m in capital expenditure in 2016, with a further $6.6 million in capital committed in 2017,” Mr Shwe said. The Woolnorth operation is a 1000 milking cow farm and spring calving farm and the new cowshed will have the ability to handle up to 200 more head.