Tassal integrates farm holdings to underpin future prawn production
The acquisition of Mid Farm has allowed the company to successfully integrate its farm in the Proserpine farming precinct of North Queensland. This provides the foundation for Tassal to deliver 20,000 tonnes of annual prawn production.
Tassal Group Limited (ASX:TGR) has acquired Mid Farm, an 800-hectare property neighbouring the company’s existing Proserpine prawn farm and Billy Creek property in north Queensland.
The Mid Farm acquisition allows Tassal to successfully integrate its farm holdings to underpin future prawn production and this area will be known as the Proserpine farming precinct.
Besides this, the company has also sold all its surplus land at Exmoor Station.