German dairy farmers struggle through milk slumpGerald PiddockIf you thought only Kiwi farmers were hurting from low dairy prices think again. Lupschen says he has no interest in receiving a EU subsidy because it has done little to help German dairy farmers. It's a scenario New Zealand dairy farmers know well after two years of low prices. "It's made by ourselves, by the dairy industry, not by the political things and not by the consumer. Lupschen says the growth in the dairy industry the past few years had been reliant on capital from banks and German farmers are now struggling to pay back those loans.

Source: Stuff July 27, 2016 04:25 UTC