Bank sells up dairy farm, left $1.75m short
Drop in milk prices leave dairy farmers hurting.
A bank owed nearly $4 million by an Otago dairy farm is likely to be left more than $1.75 million short after receivers sold all of its assets.
In March, Ngapara Dairies went into receivership after defaulting on loan and overdraft facilities to its bank, Southland Building Society.
Receiver BDO
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Hamish McNicol
Thu, 19 Nov 2015
Thu, 19 Nov 2015
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Bank sells up dairy farm, left $1.75m short
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