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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.”
State farmer Pāmu Farms (formerly Landcorp) is defending its submission to the Government’s Tax Working Group (TWG).
Westland Milk has secured a $10 million loan from the Government to help build a new plant.
West Coast milk co-op, Westland has dropped its forecast payout for the 2018-19 season.
As the dairy season starts to peak it’s not only a busy time for farmers, but also those who support them – such as the milk tanker drivers.
It's amazing what people can find to moan about these days.
Former Fonterra director Greg Gent says the co-op has made the right decision to change its external auditor.
The extra and hidden costs of bringing in feed can often mean increased milk production, but not increased operating profit.
A former Fonterra director says the co-op could suspend dividends to shore up its balance sheet rather than sell key…
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