Wednesday, February 29

WA Dairy rejects 'generous' sale offer

One of Western Australia's biggest dairy farms has rejected an offer to sell to an unknown buyer.

The offer comes after another large WA dairy was sold to Chinese investors earlier this year.
Ross Woodhouse who farms at Scott River in the state's south west says he sees the interest as a good thing for the dairy industry.

"It's along the same lines as the mining model. FMG have sold a big portion of their business to a chinese interest. We don't get any hue and cry about that from the general public," he said.

"The dairy industry is craving capital injection and the potential to double potential to double production in Western Australia is there and all it needs is capital."

Mr Woodhouse says he isn't sure where the offer has come from as it was made through a real estate agent, but it does come after a group of Chinese investors visited his farm late last year.


ABC Rural

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