Charlie TavernerCharlie Taverner, Farmers Weekly business reporter
First Milk, it seems, has done what it needed to do. Last Thursday, when news broke the co-op was delaying farmers’ payments by two weeks, the widespread reaction was anger. A week on, those farmers missing thousands of pounds are trying to understand why the decision was made. The facts are stark. First Milk was trading at a loss for most of last year, which caused a £10m cashflow chasm. Its directors have explained how going back to the banks […]