Washington fund backs Tas dairy buy up

By Matthew Cranston
Updated June 20 2019 - 3:36am, first published August 15 2018 - 4:00am
The Laguna Bay Agricultural Fund 1 has acquired eight separate dairy farms around Smithton, Tasmania, from private farmers.

An Australian agricultural fund backed by the $US129 billion ($176 billion) pension fund – the Washington State Investment Board – has purchased more than $50 million worth of dairy farms in Tasmania's north west.

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