21/11/05
Agriculture Minister Kim Chance has today urged Dairy Western Australia shareholders to take a long-term view in the debate on the company’s wind-up.
Mr Chance said all shareholders should look to the future of the industry and ensure they kept Dairy WA as a strong leader and facilitator for the dairy industry.
“These have been tough times for the dairy industry, with deregulation proving disadvantageous to most farmers,” he said.
“It might be tempting to seek a quick cash-in of shares but I would urge shareholders to take a longer term view.
“Dairy WA holds substantial assets on behalf of dairy farmers that could be used to attract investment in industry projects.
“The Dairy WA board has indicated it will maintain and increase the assets of the company by investing the funds for the benefit of the WA dairy industry.
“Commercial considerations, transport rationalisation, promotion and working with WAFarmers to liaise with Government suggest the board understands what needs to be done for the industry.
“The board has also indicated that it will reduce costs and pay dividends.”
Mr Chance said it was up to all dairy farmers to ensure they had a strong, collective voice as the industry faced the future.
“The State Government continues to seek ways to improve milk prices for all WA dairy farmers following the Australian Competition and Consumer Commission’s decision to block the establishment of a milk negotiation agency in the State,” he said.
“WA farmers are pursuing collective bargaining options and the strongest base for that is unity through Dairy WA.
“The Gallop Government is ensuring regional Western Australia receives its fair share.”
Minister's office: 9213 6700
