25-11-2013 01:21 AM | Australia

Cooperation versus investor returns: the future of dairy farming

The battle is heating up between Australia’s Murray Goulburn Co-operative, Bega Cheese Ltd and Canada’s Saputo Inc. over the acquisition of Warrnambool Cheese and Butter Factory Ltd (WCB).

Much of the discussion around who will end up buying WCB has focused on share price and investor returns, but there are much deeper issues at stake. These relate to the tensions between long term collective ownership of dairy supply chains by Australian farmers and the short term gains of shareholders. How this battle unfolds may decide the future of farmer control over Australia’s dairy industry.
Full Story : The Conversation