It’s official: government announces multi-million dollar relief package for dairy farmers

For the first time in years, Australia’s dairy farmers are finally catching a break. After nation-wide uproar the government has
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For the first time in years, Australia’s dairy farmers are finally catching a break.

After nation-wide uproar the government has announced a $555 billion lifeline to struggling farmers to help them get back on their feet.

Deputy Prime Minister Barnaby Joyce says the relief package will consist of concessional loans, which will be available for up to a decade and will help those in drought-stricken areas.

“The concessional loans will go as low as 2.66 per cent. They’re currently at 2.71 per cent,” Mr Joyce said.

“Farmers will be able to borrow $1 million or half of what they owe, whichever is the lesser, so that they can assist themselves to get through this crisis.”

For weeks now people have been taking to socail media to show their support for dairy farmers who are doing it tough due to drought and major price cuts to the price of milk.

If you’ve been following this issue you would be aware that many dairy farmers across the country have been left hundreds of thousands of dollars in debt after the largest dairy processor in Australia, Murray Goulburn, and New Zealand processor, Fronterra, slashed prices within a week of each other.

Murray Goulburn blamed its cuts on changes in the exchange rate, lower than expected adult milk powder sales in China and a downward spiral in the value of the milk supplies it owns when it cut the $5.60 per kilogram price for milk solids to between $4.75 and $5 per kilogram.

Fronterra says its price cut was the result of a “supply and demand imbalance”, which led to prices falling from $5.60 per kilogram to $5.

Governments and social media got behind Australian dairy farmers, with a push to abandon the cheap home brand of milk available in supermarkets and corner stores across the country. It worked, with shelves quickly becoming empty of the dairy farmer products while less expensive litres remained aplenty.

Facing enormous pressure to ‘do something’ the Federal Government said it would listen to the demands of the people.

It follows the Victorian Government’s $11.4 million offer to struggling dairy farmers, which includes provisions for mental health support.

Are you happy to hear dairy farmers are receiving this package? Do you think more needs to be done to protect Aussie farmers?

 

  1. Noel Baxendell  

    Food security for our children and grand-children is too important to be just an election issue. We cannot rely on a corrupted world market to set prices. It is good to see both Labor (Victorian State Government) and the Coalition provide assistance to dairy farmers.

  2. margaret  

    People power eventually works thank goodness

  3. B Kavanagh  

    Lets see who gets Government help and under what conditions, I can see the same things happening, no help with Finance Problems for those in real Drought conditions, like North West of Melbourne, it has been like a desert out here, having to buy Cattle fodder at very costly prices, I haven’t seen any Government people out N/W of Melbourne ?.
    I can see the Multi National Companies in the Dairy Industry, taking the Cream of any Money that’s put in front of them, the Multi National will get plenty, they will show no Assets on paper.
    Even if You could be close to being Bankrupt, but on paper and it shows you have some Assets in the Farm you will get nothing.

  4. Barnaby and his lib mates have just realised that there’s an election in about five weeks so they decide to do something for the people that hes supposed to be representing.

  5. Alexandra  

    We should look after our farmers. They do it hard. Food security is essential.

  6. They should be taking woollies and Coles to task as well for the prices they were paying for their milk insulting to hard working dairy farmers

  7. Glen  

    Yes, that’s great, but why are the WA farmers not eligible?

  8. colin  

    bad decision. the farmers constantly cry poor when not suits. They made a bad business decision in chasing the overseas markets which dried up . they over produced and over bred, their problem. and anyway cow milk is for calf. i don’t see any calf drinking human milk.

  9. Michael Leitch  

    Ironic again pollies are the last to realise

  10. Valerie  

    Yes, very pleased. Keep buying the brand milk to force the supermarkets to pay a fair price for their generic brands. This can be said for all the generic brands ripping off our farmers.

  11. Geoff  

    IT IS ABOUT TIME THE FARMERS GOT HELP.MY DAD WAS ON THE LAND UNTIL HE WAS FORCED TO SELL WITH LOW WOOL PRICES & DROUGHT.

    GOVERNMENTS IN THIS COUNTRY HAVE NEVER HELPED THE MAN ON THE LAND.

    THERE SHOULD BE ONGOING HELP TO ALL ON THE LAND AND STOP SELLING OUR LAND TO FOREIGNERS.

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