It's unlikely the suppliers of a financially troubled dairy company will be paid everything they are owed.
New Zealand Dairies, which has a milk powder plant at Studholme near Waimate, was put into receivership on Thursday, owing its 35 suppliers about $30 million. The company is Russian-owned.
Federated Farmers South Canterbury dairy chair Ryan O'Sullivan says they are still owed $1.60 per kilo of milk solids for the past season.
It's the tail end of the milking season for those farmers, and they will continue sending milk to the plant for the next couple of weeks.
But Mr O'Sullivan says it's early days, but it looks likely they will be left short-changed.
The receivers have said they intend to market the company for sale as a going concern. Their objective is to preserve the jobs and operations in the short term.
