Long term under their present structure they would have gone broke.
Had the ownership structure been altered years ago, they may have stood a chance to survive.
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RTM.6 months is a very long time for a heavily indebted Westland dairy farmer.
So why didn't Fonterra buy out Westland Dairy and therefore build a moat around the N Z dairy industry, united we stand divided we fall, who is next ?
Keith's latest article (before the vote)
https://www.interest.co.nz/rural-new...ferent-farmers
Did the govt owned SOE vote for the sale, and take the money????