So the farmer has been getting a contracted price for his milk and spends the money on updating the dairy, new machinery or other improvements to his property.
All of a sudden his income is cut and has to pay back money already paid to him.
What a Fu!@#ng joke.
Most likely have to borrow the money to be paid back on a lesser income.
Lets try that with the wage earner.
From the figures above there are 920 framers with Murray Goulburn and Fonterra, so they get an injection $138,000,00 million from the farmers.
That's a nice boost of income for them, so was the milk going to be cheaper with the pay cut, I would doubt that.
They are screwing over the farmers as they know they have nowhere to go.
Blame the farmer then for the milk price rise for the 50c.
