Support for South Australian Dairy farmers impacted by Beston closure

The South Australian Dairyfarmers' Association welcomes the announcement that South Australian Dairy farmers impacted by the collapse of Beston Global Food will receive financial support through a State Government assistance program.

SADA will administer the program in line with government expectations to help farmers left out of pocket re-establish themselves and grow.

The grants will be available to dairy farmers listed as creditors in the Beston liquidation process, to enable them to invest in farm modifications, pay invoices or accounts, or reduce working capital debt facilities.

Quotes Attributable to Robert Brokenshire, President, SA Dairyfarmers’ Association

SADA will work with affected milk suppliers to submit a plan for how they intend to utilise the funding to support each business’ requirements. We appreciate the understanding and support the State Government has shown.

The State Government is committed to a strong dairy industry as outlined in the SA Dairy Industry Action Plan 2024-2029 and this support to those Beston farmers is paramount to the sustainability of the billion dollar SA dairy industry.

The Beston Farmers have had a double whammy, with the impact of a severe drought like all other farmers, but further complicated by not receiving significant milk payments for milk they had produced.

This will help them to get through a very tough situation and also be able to pay creditors in the regions that have been waiting many months for their payments of goods supplied to those farmers.

- END