Looked like was gonna bounce.
But I think big sellers want out.
Quite scary to pick bottom.
The debt is a significant issue.
The farmers are screwed both ways lower milk price and lower share price. Does borrowing from cooperative to subsidise prices better then interest rates at which fatmers can borrow money?
What is the point of artificial pricing?
What stops farmers supplying other people instead of co-op when it comes time to repay or when cooperative offers lower prices in 1-2 years time when prices are higher.
Would it not be better if the company made loans to those who needed supported and locked them in with coop instead bs milk pricing.
Also milk pricing and 3 year 3 coverable amount is unsecuritised. Correct me if I am wrong.
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