lol been there done that...nice boats, shame they keep breaking down almost every second trip and require endless maintenance at extortionate pricing charged by local Riviera dealer. Decent sized Stabicraft or similar is all you need, one engine and simple on-board systems and no need for a loan from HNZ.
I don't think the company has ever exactly specified the quantum of their business with dairy but have another read of the recent market update, IIRC there was some comments in there about the size of their business dealing with dairy and its quite small.
Don't get me wrong though, I'm not extremely bullish on this stock. I think its fair / good value at the current price and I am a long term investor so am investing looking at a time horizon that's longer than the current market cycle. I think its a great yield stock and trading cum the final fully imputed dividend is a solid hold.