Local dairy farmers impacted by the collapse of Beston Global Food will receive financial support through a State Government assistance program.
A $3 million support scheme will be administered by the SA Dairyfarmers’ Association, with the support of SAFA, to help farmers left out of pocket re-establish themselves and grow.
Beston went into administration on September 23rd last year and by 26th of November, the administrator, KPMG, announced it no longer had the funding to continue operations.
Milk production ceased on the 6th of December and after a creditors meeting on the 21st of February 2025, Beston was placed into liquidation.
About 150 people in SA who worked at the company, mostly in the Murraylands, lost their jobs following the closure.
At the time, SA Dairyfarmers’ Association chair Robert Brokenshire said about 40 farmers were also owed more than $10m for milk previously delivered, which they were unlikely to ever see.
The COVID pandemic and rising interest rates have been blamed for contributing to Beston’s collapse.
The State Government grant program is now available to the dairy farmers listed as creditors in the Beston liquidation process, to enable them to invest in farm modifications, pay invoices or accounts or reduce working capital debt facilities.
The grants will not exceed the amount lost as a result of Beston going into administration, and applicants would be required to submit a plan for how they intend to utilise the funding to grow their business.
