Milk it with these 3 dairy queens

Founder and Chief Investment Officer of Montgomery Investment Management
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Australia is only a small global dairy producer, manufacturing just 2% of global dairy production, however our relatively small population means that 34% of our milk production is exported, earning $3 billion and making Australia the third largest exporter. In 2001, the industry was deregulated and unsurprisingly a rationalisation (a euphemism for the financial hardship of thousands of people despite $1.73 billion being paid to farmers for restructuring) has occurred leaving a core of more efficient producers that are trying to compete against international competitors who, unsurprisingly, are heavily subsidised – thank our Liberal National Party’s level-playing field ideology for that!

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