In a rare move, the South Australian government has thrown a financial lifeline to dairy farmers left millions of dollars out of pocket by the collapse of a major milk processor.
The state is providing a $3 million fund for dairy farmers owed money after the collapse of South Australian processor Beston Global Food, which went into liquidation earlier this year owing farmers $11.6 million for milk they had already supplied.
The fund will provide grants to struggling dairy farmers, many of whom have been hit with the “double whammy” of ongoing drought.
South East dairy farmer John Hunt is owed about $700,000 and welcomes the support, as he doubts he’ll get much of it back through the liquidation process.
John Hunt believes there should…
