Government appoints three new directors to Pāmu board
The Government has appointed three new members to the board of state farmer Landcorp Farming Ltd, trading as Pāmu.
State farmer Landcorp says it is working on creating a deer milk industry.
The SOE is talking to global customers and trialling products in markets for consumer feedback.
Landcorp general manager dairy operations Mark Julian told Dairy News it’s early days. “It’s [not] like the sheep milk industry which has products in the market,” he says.
The deer milk project is mostly R&D and looking at selective milk powder and skin care products for the global market.
Speaking earlier at the Pioneer Rural Professionals Conference in Taupo, Julian floated two possible futures for Landcorp: either a production-led future or a market-led future.
Landcorp is not looking at wholesale changes to its business model; it recently adapted Pamu as its brand name.
Julian says Pamu “works to establish products and partnerships to give our business the best chance of succeeding moving forward”.
He noted that Landcorp was keen to move from a pasture farming company to a food and farming company.
“Our core business will always be farming; our traditional sales will drive our revenue for the immediate future but brand business will provide us the consumer insights that hopefully take the risk out of our core business of farming.”
Julian says the sheep milk joint venture Spring Sheep, in Taupo, has been a winner: two years since its inception Spring Sheep has won awards for food and innovation.
“It’s a huge boost to our belief that differentiation and unique offerings are areas to target.”
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
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