It will be the golden age of agriculture Trigstation, but ONLY if the industry is structured to return profits to farmers.
There are more Chinese in gaol for smuggling infant milk formula than drugs.
Chinese have got a taste for yoghurt which has put a massive floor under the price of whole milk powder.
I shake my head when I read an article in today's Age of two WCB farmers saying that more fragmented ownership will drive farmer returns.
De-mutualisation of agricultural companies has been an unmitigated disaster. Dairy with its remaining Co-op is the last bastion in agriculture.
And if Bega is able to get WCB on its own, which is what Fonterra wants, in 2016 it will be ripe for picking by Fonterra.
And the ACCC 'has concerns' about a stronger farmer co-op.
It makes my blood boil.
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