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.
Recent stories from Nine To Noon
- Auckland University hostel students to withhold rent over
- Boeing whistleblower claims company 'putting out defective
- Screentime: Civil War, One Question, The Royal Hotel, Eileen
- The big impact mums can have on their daughters' body image
- Tech: Where does software fit in the right to repair movement?