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Originally Posted by Bearman
Great post Ghia5L, the bit I've quoted is for me the big issue. As a result of what has been described above these farmers have suddenly got a debt of something in the neighbourhood of $100-120K in addition to any they may already have. Pow!! Just like that. All because SOMEBODY ELSE screwed up.
Fluctuating income for whatever reason is a fact of life for them and they roll with it as anyone in business would understand but through no fault of theirs they have been saddled with this. But their land is worth heaps people may say. That's all very well but that land is their business capital which requires a big investment in plant and equipment.
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And this is where the Bull$4it part of all this needs to be corrected. As per Murray Goulburns own website-
http://www.mgc.com.au/our-story/our-heritage/
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Today, Devondale Murray Goulburn processes one-third of the nation’s milk supply and is controlled by over 2500 dairy farmer-shareholders. The highs and lows of its 60-year history give Devondale Murray Goulburn a wealth of experience and knowledge of the nation’s dairy industry which sets it apart.
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The Dairy Farmers who control the co
op, are ****ed off that they are screwing themselves over.
Oh,and just so we all know where the likes of Woolies and Coles are able to get their milk from
http://www.theaustralian.com.au/busi...72dfea7f3a9fc5
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Coles struck a new long-term supply deal last year with Murray Goulburn that will see the co-operative supply Coles with about 200 million litres of private-label fresh milk annually.
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