Norco’s Christmas bonus for dairy farmers despite $27.5 million record loss

Farmers supplying Australia’s largest dairy co-operative Norco will receive an additional 10 cents per liter for milk supplied on Christmas day.

Norco chief executive Michael Hampson said it was the first time he had heard of the 127-year-old business paying the holiday bonus.

He said the company wants to thank farmers for their hard work.

“We thought what better way to recognize them on a day when the rest of the country is probably sitting back and enjoying a bit of a rest,” he said.

“These guys, girls, family members are getting up still at 4.30 in the morning to get out there and milk the cows and then do it again after Christmas lunch in the afternoon.”

Michael Hampson says Norco wants to thank farmers for their hard work.(ABC North Coast: Leah White)

The 10-cent bonus represents a 12 per cent increase in milk pay for the day and is expected to cost the dairy processor about $100,000.

But dairy businesses with employees working on the public holiday are required to pay penalty rates, which could impact any financial benefit from the bonus.

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