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. 

National

Dry cow therapy minus antibiotics

Taranaki sharemilker Shaun Eichstaedt was the first New Zealander to replace traditional antibiotic dry cow therapy (DCT) with a high-strength…

Changes are afoot

There has been a mixed response by the agriculture sector to the recently released Climate Change Commission’s 2021 draft report. 

Machinery & Products

Bigfoot comes up trumps

Call them what you will, but UTVs, or side-by-sides, have certainly found a place in much of New Zealand’s rural…

Merlo goes greener

Obviously not wishing to get left behind by some of its competitors, Italian manufacturer Merlo is planning to add to…

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Oat milk sells

OPINION: Fake milk works for some. Fashionable Swedish alt-milk brand Oatly is seeking a US stock market listing that could…

Labour shortage

If you think labour shortage on New Zealand dairy farms is unique to our country, then think again.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter