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Landcorp's farming division has announced a net profit after tax of $41 million for the half-year ended December 2021.
Landcorp's farming division has announced a net profit after tax of $41 million for the half-year ended December 2021.
The state farmer’s earnings before interest, tax, depreciation, amortisation and revaluations (EBITDAR) was $16 million— compared with $14 million in the half-year to December 2020.
Chairman Warren Parker says the result is particularly gratifying as the company managed the ongoing impact of Covid.
“Covid has continued to disrupt our people, which on top of ongoing labour shortages, extreme weather events on the West Coast and in the Manawatu and logistics, processing and availability of farm supplies, has made for a challenging half year,” Parker adds.
Landcorp Farming (Pāmu) says it is currently forecasting a full-year EBITDAR of between $83m and $88m, compared to its original budget of $73m, with the strong milk price a key driver of this increase.
State farmer Pāmu (Landcorp) has announced it will pay a $10 million special dividend to the Crown off the back of a strong outlook for the business and a capital repayment of $9.5 million following Fonterra's consumer business sale.
The Government has appointed three new members to the board of state farmer Landcorp Farming Ltd, trading as Pāmu.
The Government’s directive for state farmer Landcorp Farming (trading as Pamu) to lifts its performance is yielding results.
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.
Potatoes New Zealand has congratulated Peter Reynolds of TA Reynolds Ltd in Pukekohe on being awarded the Horticulture New Zealand Bledisloe Cup, recognising a lifetime of service and contribution to New Zealand horticulture.
Signing up to a benchmarking tool is not about competition, but about improving collectively, says Ximena Puig and Alvaro Luzardo who are 50-50 sharemilkers at a 164-hectare (effective) dairy farm in Eketāhuna in the Lower North Island.
A leading British farming politician says he's impressed with the positive attitude of New Zealand farmers that he met during his recent trip here.
OPINION: With 10,500 dairy farms, New Zealand continues to punch above its weight around the world.
The Southern Dairy Hub (SDH), which runs a demonstration farm for South Island farmers, has a new general manager.
Esther Guy-Meakin has been announced as the new chief executive of the New Zealand Meat Board (NZMB).
