29 May 2015

Warnings over dairy foreclosures

From Nine To Noon, 9:07 am on 29 May 2015

Fonterra has lowered its forecast milk payout for the current season prompting warnings of farm foreclosures. Agricultural consultant Alison Dewes estimates that about 50% of dairy farmers will be in trouble, and she warns that some will go bust, and will be bought up by foreign buyers unless the law is changed.