Quote:
Originally Posted by GasOLane
I remember hearing an interview on ABC radio a few years ago with a Dairy farmer from near Murray Bridge (SA)
Seems he put his dairy farm on the market which came with a Coles contract.
He was approached by a rep from Coles with a price that was way under what he wanted.
When he refused he was told that if he didn't take them up on the offer the contract might not be there for the next owner.
Now exactly extortion but awfully close, as he said that without the contract it would be much harder to sell the property.
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I think that's part of the end game here - after retrospectively reducing the price to be paid to farmers for produce over the last X months, they are offering "early dividend" and "bridging loans".
Effectively admitting they know the input costs of the farmer are higher then what they're now prepared to pay. Guess what happens to those that can't repay their bridging loans...
FWIW I stopped buying $1/1l milk 2 weeks ago. Buying the otway farmers milk now $3.60 for 2 litres where I can.