Thursday, 02 October 2025 10:25

Tough times

Written by Milking It

font size decrease font size increase font size
Print
Email

OPINION: Dairy industry players are also falling by the wayside as the economic downturn bites around the country.

Last month award-winning cheese company Cranky Goat went into voluntary liquidation.

This month, Christchurchbased milk powder manufacturer Wimpex followed suit. Started almost 18 years ago, Wimpex was hit hard by the downturn in Asian markets after the Covid-19 pandemic. The company owes almost $6m to unsecured creditors and over $2m to IRD.

Bigger players are also not immune to the downturn. Māori-owned Miraka Milk was in financial doldrums before being bought out by Open Country Dairy.

Featured

Record Kiwifruit Harvest Brings Optimism, but Green Growers Face Profitability Challenges

Signs for the 2026-27 kiwifruit crop look good, but there are still some challenges for growers – especially those who produce green kiwifruit.

Rabobank AgPathways Programme Helps Young Farmers Build Business Skills in Whanganui

37 farmers from across the Rangitīkei and Manawatū regions recently spent a day-and-a-half learning new business management and planning skills at Rabobank’s latest AgPathways Programmes in Whanganui.

Seven New Zealand Catchment Groups Awarded Westpac Water Care Grants for 2026

Seven catchment groups across New Zealand have been awarded $10,000 grants as part of the Westpac Water Care Project.

Equine Vets Urge Vigilance as Strangles Outbreak Hits North Island Horse Properties

Equine veterinarians say horse owners need to stay alert and communicate with their vets following an outbreak of the highly contagious bacterial disease Strangles in the North Island.

New Research Reveals How Kiwis Really Like Their Hot Chips

New nationwide research has revealed exactly how Kiwis like to enjoy hot chips, with a simple sprinkle of salt coming out on top.

David Seymour Criticises Rural Women NZ Over Submission

Deputy Prime Minister and ACT Party leader David Seymour says advocacy group Rural Women New Zealand (RWNZ) has submitted against a controversial bill without consulting its members.