Chilterra.  Who is Ricardo Ríos, who once controlled one of Chile’s largest dairy farms?

The third largest national milk producer and former candidate for Regional Councilor for the Los Ríos Region with the Christian Democracy quota, the civil computer engineer who ran Chilterra SA after debts to well over US $60 million. Richardo Ríos has abandoned more than 200 families to their fate, some of which have taken over the Huite farm and kept it producing in the country’s south. Ricardo Ríos was the general manager and legal founder of the Chilterra group, a company composed mainly of the…

The Chilterra Chile dairy Syndicate turns cold for the New Zealand investors

Several New Zealand dairy farmers and investors stand to lose millions of dollars following the collapse of one of Chile’s largest dairy businesses. Around 18 New Zealand dairy and kiwifruit farmers and investors – from New Zealand and Chile – poured over US$50 million into Chilterra since its formation in 2006. Late last year, the company went into “judicial reorganisation” owing US$60m to a consortium of banks. Chilterra owns 7,200ha of farmland, has nine milking parlours and…

New Zealand owned Fonterra’s low milk payments to Chilean farmers spawn a breakaway co-op plan

Dairy farmers in southern Chile say Fonterra’s continuing underpayment for their milk has left them little choice but to build their own processing cooperative. The South American country’s second-biggest dairying operator, the part Kiwi-owned Chilterra company, and about 200 farming families were in advanced stages of planning the new cooperative, said chairman Mike McBeath, a Waikato dairying consultant and businessman. The next step was to raise US$10-12 million to build a processing plant. Chilterra…
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