Wednesday, 04 November 2020 09:50

Pay back the money

Written by  Milking It

OPINION: Some of the biggest companies in the world have claimed millions of dollars in Covid-19 wage subsidies for their New Zealand operations, with some going on to pay huge dividends to investors.

However, cooperatives - Fonterra and Tatua - opted not to take the wage subsidy. With dairy processors given the green light to operate through the lockdowns, these farmer-owned co-operatives rightly felt it wasn’t fair to dip into the subsidy.

The Government’s subsidy scheme was designed to provide cash to employers who experienced a revenue drop due to Covid-19, so they could continue paying staff wages. It’s paid out $14 billion, and at its peak it supported 1.8 million jobs.

Following mounting public pressure to act within the spirit of the scheme, Briscoe Group said it would be paying back its $11.5m subsidy. As of the week ending October 9 nearly $500m has been paid back in 16,293 refunds. 


New investment in spirulina production

The Ministry for Primary Industries (MPI) Sustainable Food & Fibres Futures Fund will invest in a project to assess the viability of larger scale production of spirulina in New Zealand.


Lely offerings for the future

Dutch robotic specialist Lely launched a new farm management application called Horizon at its recent Future Farm Days 2020.


Miraka picks up awards

Taupo-based Maori dairy company Miraka took the top honours at this year’s Biosecurity Awards.

Wyeth ready for new challenge

The chief executive-elect of Yili-owned Westland Milk Products Richard Wyeth says he’s looking forward to the challenge of running the…

Machinery & Products

Mixer makes feeding easy

Coolbreene Trust near Taupo is a large-scale dairy operation farming 1150ha, including run-off blocks, within a 10km radius of its…

More colour to light range

Originally available with amber lenses only, Narva’s ‘Geomax’ Heavy Duty LED Strobe Beacon light range has been upgraded with the…

State funding for recycling

Having declared in July that all farm plastics sold in New Zealand will have to be recycled or reused, the…

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Avoiding listeria

OPINION: The company that makes dairy products under “The Collective” brand, and which copped a nearly $500,000 fine for failing…

Greenpeace seeing red

OPINION: Still with Greenpeace, the organisation’s push for a price on agricultural greenhouse gas emissions is gaining momentum since the…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter