DOING IT TOUGH:
‘The Board and management acknowledges the immense impact of (the April 2016) announcements.
We are all disappointed by what has recently transpired and we know that it is unacceptable to our suppliers.
We understand how this effects your farm businesses particularly the lateness of the changes when many of you have already been dealing with poor seasonal conditions.
On behalf of the Board, I would like to extend my thanks to suppliers for the way you have engaged with us in a constructive manner despite your understandable disappointment.’
Whorouly dairy farmer Rod Newton has a message for the Murray Goulburn board which wants him to pay back $400,000 over the next three years with interest as a part of the company’s funds clawback. Farmer-shareholders of the co-operative are deeply concerned about the way in which the business has been managed.