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

UK farmers take to the street

On the same day that the protesters against David Seymour’s Treaty Principles Bill marched on Parliament in Wellington, on the other side of the world, UK farmers were also marching on London.

Westland Milk reports positive season

"I'm more positive now than I was two or three months ago." That's the view of Richard Wyeth, chief executive of Hokitika-based Westland Milk Products (WMP).

Featured

Horticulture hit badly in Nelson/Tasman

HortNZ's CEO, Kate Scott says they are starting to see the substantial cumulative effects on their members of the two disastrous flood events in the Nelson Tasman region.

National

Machinery & Products

» Latest Print Issues Online

Milking It

Cuddling cows

OPINION: Years of floods and low food prices have driven a dairy farm in England's northeast to stop milking its…

Bikinis in cowshed

OPINION: An animal activist organisation is calling for an investigation into the use of dairy cows in sexuallly explicit content…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter