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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.
OPINION: Landcorp is putting a brave face on its latest result, highlighting its progress on KPIs like climate change and gender pay gaps.
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.
Three weeks on from Bremworth’s board overhaul, the carpet maker’s chief executive Greg Smith is stepping down.
For Marlborough Sounds farmer Noel Moleta, farming hair sheep that need no shearing is one of the keys to running a low-input, low-intervention operation in a difficult and highly remote location.
OPINION: Making it easier to get things done while protecting the environment - that's the Government's promise when it comes to the overhaul of the problematic Resource Management Act (RMA).
DairyNZ has set a new levy rate of 4.5c/kgMS from 1 June 2025 and aims to keep the levy at no more than this rate for a minimum of three years.
As it enters its second year, Zespri says the first year of the Zespri Innovation Fund (ZAG), has been “really positive”.
Rural trader Farmlands has launched an exclusive new casual clothing range across its 42 stores nationwide and online.
