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  1. #41
    percy
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    Quote Originally Posted by bull.... View Post
    short term thinking in the long run it is just the takeover of the dairy industry in NZ and you will end up poorer like the rest of NZ. IM surprised peterss hasnt said or done more since he used to go on about the takeover of nz forestry sector years ago.
    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.

  2. #42
    Advanced Member
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    Quote Originally Posted by bull.... View Post
    short term thinking in the long run it is just the takeover of the dairy industry in NZ and you will end up poorer like the rest of NZ. IM surprised peterss hasnt said or done more since he used to go on about the takeover of nz forestry sector years ago.
    Not sure of what grounds they could say NO, given the foothold the Chinese already have in NZ Dairy industry.
    Percy...10 years is a pretty short period of time IMO.
    Sad days. Except from a short term financial perspective for the farmers involved I guess.

  3. #43
    percy
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    RTM.6 months is a very long time for a heavily indebted Westland dairy farmer.

  4. #44
    Guru
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    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 ?

  5. #45
    Veteran novice
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    Quote Originally Posted by whatsup View Post
    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 ?
    Quite simply, because Fonterra is a dairy farmers' co-operative whose owners are only interested in what they, not the dairy industry, receive. Yes, short-sighted - but that's the way the industry works.

  6. #46
    Guru
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    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????

  7. #47
    percy
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    Quote Originally Posted by whatsup View Post
    A guaranteed price of milk for 10 years , then imo the farms will not be worth having as most farmers will want to "retire" and who will the natural buyers be, chinese dairy farmers who work for Yili ?
    Maybe,however I would think most of the farmers,will be looking forward to a bright future, now their debt burden has been removed.

  8. #48
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by percy View Post
    Maybe,however I would think most of the farmers,will be looking forward to a bright future, now their debt burden has been removed.
    until the day they end up like most farmers around the world. peasants
    one step ahead of the herd

  9. #49
    percy
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    Quote Originally Posted by bull.... View Post
    until the day they end up like most farmers around the world. peasants
    You need to visit Canterbury. Water,money,brains and enthusiasm has generated real wealth .

  10. #50
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by percy View Post
    You need to visit Canterbury. Water,money,brains and enthusiasm has generated real wealth .
    thats because a nz owned dairy industry rewards farmers immensly. milk price over anything else. as time goes on and the dairy industry becomes more foreign owned this will not be the case
    one step ahead of the herd

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