Wednesday, 12 December 2018 08:56

Taxpayer bank?

Written by 

The Government's $9.9 million loan to Westland Milk is raising eyebrows.

Some on social media are calling it a Government bailout for a struggling dairy co-op.

The taxpayer-funded loan will help Westland construct $22m plant for specialty products.

One prominent finance commentator says the deal smells bad and wants more details to be made public. He tweeted “Looks like the taxpayer is now a bank.”

 

More like this

Fonterra lends a hand in rival’s territory

The West Coast may be Westland Milk Products territory but that hasn’t prevented Fonterra from stepping in to help with the cleanup following the torrential rain and flooding of late March.

Flood-affected farmers hold ground

Westland District mayor Bruce Smith isn’t buying suggestions that productive farmland at Franz Josef should be abandoned to the flood-prone Waiho River.

Farmers voice their frustrations

Tax implications for farmers receiving big Mycoplasma bovis compensation payments is one of the issues farmers are raising in meetings now underway NZ-wide.

 
 

» The RNG Weather Report

» Latest Print Issues Online

Milking It

MooFree May

UK activists have resumed their attack on the dairy industry.

Fresh is best

The shelf life of fresh milk can be extended up to two months by a technology developed by an Australian…

 
 

» Connect with Dairy News