Today’s Forestry Tasmania annual report has revealed the cost of the job-destroying forest deal to its operations.
Despite being propped up with tens of millions of taxpayer money – all supported by the Greens – Forestry Tasmania still reported a $13 million loss.
Nearly $43 million has been written off the value of their standing timber due to being placed in reserves, and nearly $28 million in roads was written off as well.
The report also confirms further job losses are slated at the company this year because of the job-destroying forest deal.
It’s no wonder Forestry Tasmania struggles to turn a profit when the Government keeps on taking away their resources and talking down the market.
In contrast, a majority Liberal Government will grow the forest industry and provide resource security, which will allow Forest Tasmania to operate with certainty and profitability.