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

Feeding the fart tax debate

Farmers are working hard to help the environment, but the ‘quoted experts’ need to work hard too, explains Greg Jarratt, vet and director of Matamata Veterinary Services. 

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.


» The RNG Weather Report

» Latest Print Issues Online

Milking It

Budget blues

Now that the circus surrounding the Budget’s release has subsided, Milking It makes the following observations about some of its…

» Connect with Dairy News