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Steven Carden.
State-owned Landcorp Faming Limited (Pamu) is expecting a $14 million boost in full-year revenues on the back of higher-than-expected milk and meat prices.
The country’s largest farmer says allocation of additional carbon units (NZU) following the five yearly audit by MPI of the company’s forestry assets will also help lift earnings.
The company says its earnings before interest, taxes, depreciation, amortisation and revaluations (EBITDAR) forecast for the 2017-18 financial year will be between $47 - $52 million, up from the previous advice at the time it released its half-year result (between $33 and $38 million).
Landcorp chief executive Steven Carden says it is pleasing “that we are likely to produce a better than forecast full year result”.
“The company has had a real focus on controlling costs and maximising on farm returns, while not compromising our commitment to excellent land and animal management.
“This reforecast is particularly pleasing in what has been a challenging year from a climatic perspective.”
Carden says the company will announce its audited full year result in late August.
To mark International Day of Education on January 24, 2025, state farmer Pāmu (Landcorp) announced the commencement of its Apprenticeship Scheme, designed to equip the next generation of farmers with the skills, knowledge, and experience needed for a thriving career in agriculture.
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In a landmark move, the state-owned farmer Pāmu (Landcorp) is making four of its 44 dairy farms available for people wishing to take up various contracts including herd-owning, share milking, variable order share milking and contract milking.
Major steps are underway to improve the quality of dairy beef calves.
Tucked away in a remote part of the central North Island, staff at a Pāmu (Landcorp) farm are working hard to solve one of the biggest challenges facing the dairy and beef sectors.
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Emissions by dairy cattle decreased by 1.6% according to the latest NZ Greenhouse Gas Inventory report.
Tasman sharemilkers Warric and Rachel Johnson haven't let the 2006 milk payout crash put them out of business.
Labour's agriculture spokesperson says the Government’s decisions are set to hamstring growth within the farming sector.
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Many contract milkers in badly drought affected regions around the country are coming under severe financial stress and farm owners are being urged to help them through a bad patch until the start of the new season.
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