RURAL AFFAIRS Crisis in dairy industry escalates to new level by Patrick J. Byrne
A perfect storm has hit the dairy industry – deregulation of dairy and water, falling export prices, drought, the Murray-Darling Basin Plan, duopoly supermarket price wars, debt and issues of corporate governance.
In Victoria, a rural tragedy is unfolding as herds of cattle are going from dairy farms to saleyards to abattoirs.
While nature and global markets are beyond the control of farmers and processors, some of the factors behind the crisis are man made, and similar problems are facing other industries across the Murray-Darling Basin.
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