Noosa News
Five years since Australian dairy’s darkest day – the milk price crash that changed the industry forever
It is five years since Australia’s largest milk company, Murray Goulburn cut the price it paid farmers for their milk, in an announcement that has shaped the industry since.
Key points:
- It is five years since the Murray Goulburn milk company slashed the price it paid to farmers for their milk
- The dairy crisis sent shockwaves through the industry, as farmers were paid less the cost of production
- Five years on, Victorian dairy farmers are enjoying ‘their best season ever’
On April 27, 2016 the company announced to the Australian Stock Exchange, that it was immediately and retrospectively cutting milk prices sparking what became known as the “dairy crisis”.
It was also announced that the company’s managing director, Gary Helou was leaving -…
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