Govt unveils review of $18b dairy industry

The shape of a major review of the dairy industry has just been revealed by the Agriculture Minister. Damien O'Connor says the legislation governing Fonterra - passed 17 years ago, is to be comprehensively reviewed. The review will include how farmers enter and exit the co-op, the contestabilty for milk, and the incentives and disincentives for diary to move to sustainable, higher value production and processing.