Release Date: 17/05/2016
The Tasmanian Chamber of Commerce and Industry is calling for a government support package to help stabilise the Tasmanian dairy industry through the shock slashing of milk prices.
The package would support more than 1500 families, small business and communities throughout the state.
TCCI CEO Michael Bailey said during today’s TCCI board meeting at Campbell Town, that it would be a one-off investment for the future of the emerging industry.
“The industry has been caught up in an economic disaster with no warning from milk processors, Murray Goulburn and Fonterra until recently that they were slashing milk prices from May,” Mr Bailey said.
“The dairy farmers can’t manage a business when they are told today that their milk price will be slashed tomorrow. Already some have been forced to let workers go and others are considering selling their herds.
“We estimate that the total investment required is only $25million which could be funded by Federal and State governments. I say only $25million because this will save hundreds of jobs and support more than 1500 families and small business in the state.
“It’s a one off investment for the emerging industry and will help consolidate the building phase of the industry for farmers, their workers and their herds.”
The support package should be based on production estimates from July to December 2016. This would allow the market time to settle and ensure that when the tide turns they are not behind the 8-ball but ready to increase production.
Contact: TCCI Chief Executive Michael Bailey – 0437 322 338