Just 48 hours later Gary Helou had left the co-op, with $10m in pay and perks, and farmers were hit with retrospective price cuts that forced many to cull herds and some to leave the industry.
Read MoreIn his first public comments since leaving Murray Goulburn on the same day the cuts were made, Gary Helou said he "did not mislead" in the lead-up to the April 2016 announcement.
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A DETAILED VIDEO discussion by David Burstyner on the status of the The Four Government Investigations around the FMG Milk Price Clawbacks. Please take the time to watch and share this important message.
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At a recent supplier meeting, dairy farmers were told MG might have to close four factories if it lost more milk.
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The new owners have since launched plans to export branded fresh milk from Hobart to China on direct weekly flights.
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The couple left the New Zealand-owned company because they had lost faith after its chief executive publicly declared Fonterra was happy to extract as much money from the Australian industry as it could, and send it back home to New Zealand.
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Dairy farmers and others working in the industry are invited to come and share their views on these issues directly with ACCC Commissioners.
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Speak to most industry analysts and they’ll tell you two home truths: house brands erode the market share and margins of brands such as Devondale and supermarket contracts are easily broken.
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On August 1, 2016 Calwarra Dairy, owned by my parents David and Kathleen Johnston, supplied its last load of milk to Murray Goulburn.
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Milked Dry: The awful price being paid by Australian dairy farmers for the milk we drink.
"We're locked in to produce milk for three years to this company that has shat in our face." Dairy Farmer
They're the farmers who get up at five in the morning, day in, day out, to provide milk for the dairy products we eat and drink every day.
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CLEANING up corporate governance in Australia's largest dairy processor is in the hands of shareholders, according to lawyers. But opinion is divided about whether unit holders and shareholders should take legal action against Murray Goulburn.
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Audio from ABC Rural June 3 2016: Barry Irvin from Bega Cheese debates Phil Tracy from Murray Goulburn about the merits of milk price.
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