A large dairy farming operation has collapsed, owing millions of dollars
A large dairy farming operation has collapsed, owing millions of dollars
3 September 2024
Business Desk reports receivers have gone to court to appoint liquidators for Waitonui Group.
Waitonui had been operating two large dairy farms in north Otago - and another near Taupo.
The three farms that have now been sold off -- grazed about five-thousand cattle on more than 20-thousand hectares of land.
BNZ is the largest creditor -- owed 36.5 million dollars at the date of the collapse.
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