date:May 26, 2016
ssional loans are not what farmers require as they already cannot repay existing loans.
Sudden impact
Murray Goulburn, owner of Devondale, had previously said it would no longer pay farmers the previously anticipated AUD $5.60 per kilogram of milk solids for the season and revised its price to AUD $4.75.
Fonterra soon followed with an announcement that it would be lowering its price.
Although Murray Goulburn attributed its sudden price drop to unfavourable international markets amongst othe