State farmer Pāmu Farms (formerly Landcorp) is defending its submission to the Government’s Tax Working Group (TWG).
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.”