NEW bluegums are set to be planted in western Victoria despite thousands of hectares of plantations being bulldozed before harvest.
As bulldozers rip out failed managed investment scheme plantations in central-west Victoria, more trees are set to be planted into prime grazing country just a few hundred kilometres west.
The Weekly Times understands Macquarie Bank bought several properties in the Green Triangle last year for its MIS forestry project.
And former grazing properties near Branxholme, Nareen and Cavendish have now been ripped and mounded, in preparation for new bluegum plantations.
Macquarie Bank would not confirm the land purchases or that they were to be planted to trees and did not respond to The Weekly Times’ repeated requests for an interview.
Despite the continuing plantings, a leading property agent said he would expect to see many of the former Great Southern and Timbercorp estates in the Green Triangle returned to farmland post-harvest.