Corangamite Shire’s agribusiness sector gets funding boost from government

Corangamite Shire’s agribusiness sector is getting a funding boost from the Victorian state government.

On Wednesday, Minister for agriculture, Jaala Pulford, announced a $260,000 investment from the government for three projects in Corangamite as part of the Local Roads to Market program.

The Corangamite upgrades are three of 39 projects worth $24 million that will be delivered under the second round of the program.

Pulford said the program supported communities that relyed on farming to ensure produce was delivered to market safe and on time.

READ: Wimmera Mallee road upgrades boost agribusiness in Vic

“These investments will boost the productivity farm businesses and their supply chains and put them in a better position to compete in international markets,” she said.

The grant, along with a co-investment from Corangamite Shire Council and industry, will fund infrastructure upgrades to enable and improve the access for heavy vehicle freight from the farmgate to arterial roads.

The three projects include a $200,000 upgrade to the intersection of North Robilliards Road and Timboon-Nullawarre Rd, which will allow heavy vehicles and traffic to safely navigate the intersection.

The project will also install an advanced warning signal to improve road visibility and safety for milk transport.

Tomahawk Creek Rd, up to the farmgate of Heytesbury Stockfeeds, will be widened and sealed for $40,000 and $20,000 will go to upgrading the intersection at Noskin and Browns Rd for heavy vehicle freight from Timboon Goat Farm.

Gayle Tierney, a member for Western Victoria, said the upgrades would improve agribusiness and supply chain productivity, as well as the country road network for all users.

Bega Cheese buys Western Australian dairy facility for $250m

Bega Cheese is expanding its reach by buying a Western Australian facility for $250 million.

The company is purchasing Saputo Dairy Australia’s Koroit facility, which currently processes about 300ML of dairy products per year.

Bega expects the facility to generate about $20m at its current intake per year.

Items produced include milk, retail butter and milk powders.

READ: Bega Cheese buys Vegemite

As part of the transaction, Bega and Saputo entered into agreements whereby Saputi is required to guarantee the supply of 300ML milk per year until June, 2020. The transaction is subject to ACCC approval.

Bega CEO Paul van Heerwaarden said the Koroit facitily would give Bega operational flexibility its other milk processing sites.

It would also provide the cheese company with a better presence in Western Victoria, said van Heerwaarden.

“The acquisition will support the continued growth of our core dairy business and provide domestic and export customers with an expanded range of products.

“We welcome the 108 employees of Koroit to Bega Cheese.”

Bega executive chairman Barry Irvin said it was a delight to have acquired the dairy facility.

“Bega Cheese has been collecting milk in Western Victoria for almost 1 years and the opportunity to acquire such significant and quality infrastructure will cement our presence in one of the strongest dairy regions in Australia.

“We will work closely with dairy farmers to grow supply to the Koroit Facility. This is another important step in creating an Australian owned dairy and food company that is competitive and efficient in Australia and the world.”

 

 

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