Dairy farmers ready to take class action

Melbourne-based class action law firm Adley Burstyner announced yesterday it would go ahead with a class action against Murray Goulburn and Fonterra, to fight what it claimed was an illegal clawback.

Farmers Milk Price ActionAdley BurstynerMarch 7, 2017Dairy Farmers, Murray Goulburn, Fonterra

Bega Cheese recorded an after-tax profit of $15.7 million for the first six months of 2016-17, while Murray Goulburn announced a $31.9 million loss.

MG said it might consider a non-dairy farmer as its new chairman to replace Philip Tracy, who presided over the biggest crisis the milk processor has faced.

Murray Goulburn: Cloud over regional dairy factories

Speculation the co-operative may be forced to close one or more of its sites continues, as it deals with a significant drop in milk supply after slashing farmgate milk prices last year.

THE dairy industry’s newest player has guaranteed no step-downs on its opening price as it starts to entice supply for next season

The Union Dairy Company — a joint venture between Warrnambool’s meat processing business The Midfield Group and global agriculture giant Louis Dreyfus Company — has a processing capacity of 220 million litres of milk

Farmers Milk Price ActionAdley BurstynerFebruary 9, 2017Dairy Farmers, Adley Burstyner, Murray Goulburn

Gary Helou contradicts himself, and Murray Goulburn, on China impact

True to form, Helou, first and foremost, defended his honour, denying he misled the market ahead of the dairy group's cataclysmic downgrade of April 27 last year (he fell on his sword that same morning).

"Not my fault" Mr Helou wiped his hands of the disastrous cash clawback program

Just 48 hours later Gary Helou had left the co-op, with $10m in pay and perks, and farmers were hit with retrospective price cuts that forced many to cull herds and some to leave the industry.

Gary Helou said he "did not mislead" in the lead-up to the April 2016 announcement.

In his first public comments since leaving Murray Goulburn on the same day the cuts were made, Gary Helou said he "did not mislead" in the lead-up to the April 2016 announcement.

Video: The Four Government Investigations around the FMG Milk Price Clawbacks.

A DETAILED VIDEO discussion by David Burstyner on the status of the The Four Government Investigations around the FMG Milk Price Clawbacks. Please take the time to watch and share this important message.

Murray Goulburn loses more suppliers

At a recent supplier meeting, dairy farmers were told MG might have to close four factories if it lost more milk.

Dairy farmers pull the plug on bigger producers

The couple left the New Zealand-owned company because they had lost faith after its chief executive publicly declared Fonterra was happy to extract as much money from the Australian industry as it could, and send it back home to New Zealand.

Murray Goulburn: Co-op’s deal with Coles may backfire

Speak to most industry analysts and they’ll tell you two home truths: house brands erode the market share and margins of brands such as Devondale and supermarket contracts are easily broken.

Dairy Crisis ended a dream

On August 1, 2016 Calwarra Dairy, owned by my parents David and Kathleen Johnston, supplied its last load of milk to Murray Goulburn.