Pāmu FY26 Report: Profit More Than Doubles to $113m
Pāmu has released its FY26 Integrated Annual Report, reporting a Net Operating Profit of $113 million, more than double the $49 million recorded in FY25.
Launching in January 2025, the Pamu Apprenticeship Scheme combines practical on-farm experience, academic learning, and life skills.
Apprentices can earn while they learn, gain work experience on the state farmer’s dairy and livestock farms, and work towards Level 3 and Level 4 NZ Certificates in Agriculture through Primary ITO.
As part of the programme, apprentices will live in shared housing, repurposed from existing infrastructure on-farm, fostering a supportive community environment as they learn to navigate life and work.
Bernadette Kelly, chief of people, safety, and reputation, says a priority for Pamu is safe and capable people.
“At Pamu we are committed to growing and developing farmers. The Pamu Apprenticeship Scheme is not just about training young farmers; it's about setting them up for the future. Leaving school and starting a new career is often daunting. We’ll make sure our rangatahi get the balance right between work and study, as well as ensuring they take care of themselves when living independently.
“Budgeting, shopping, meal preparation, and paying bills are all essential life skills we can assist with to ensure they are set up for success as they transition to the workforce.”
This pastoral care will be a key component of the programme, led by an apprenticeship scheme manager.
Pamu chief executive, Mark Leslie says the scheme represents Pamu interest in growing the workforce of the food and fibre sector which is a driving force for the productivity of Aotearoa New Zealand.
“Investment in the food and fibre workforce generates greater returns to the nation than any other investment. Agriculture is export-led, with high productivity and significant GDP contribution per worker. With a small workforce compared to other sectors it has an outsized impact.”
Students enrolled in agriculture courses across the Central North Island, Waikato, and Bay of Plenty are eligible to apply.
For more information visit https://www.pamunewzealand.com/apprenticeshipscheme
