Van Dairy Group, owner of Australia’s largest dairy farm, sued in relation to milk price crash

The owner of Australia’s largest dairy farm, situated in Tasmania’s north-west, could be forced to pay $2.3 million to its previous owners after allegedly breaching the sale agreement.

The Tasmanian Land Company (TLC), which despite its name is owned by New Zealand’s New Plymouth District Council, has taken the Van Dairy Group (VDG) to the Supreme Court over the sale of the Van Diemen’s Land Company.

Chinese businessman Xianfeng Lu,…