State Farmer Delivers Solid Half-Year Result
State farmer Landcorp, trading as Pamu, is a forecasting a full-year net profit of around $100 million.
The Government has appointed three new members to the board of state farmer Landcorp Farming Ltd, trading as Pāmu.
Angela Dixon, Stu Husband, and Brent Lawgun begin serving a three-year term from 1 August 2025.
Dixon is a seasoned consultant and finance specialist with extensive governance experience. Her background spans financial performance oversight, capital asset management, and digital innovation.
Husband is a dairy farm owner and operator, iwi negotiator, and former Waikato Regional Councillor. His strong connection with farmers and belief in Landcorp's role as a pathway to farm ownership for rangatahi underpin his appointment, says Pāmu.
Lawgun has over 30 years of business, with a focus on private equity, funds management, and board governance. His pragmatic approach to aligning governance with performance and culture makes him a valuable addition to the board.
Chair John Rae says each new appointee brings a unique blend of expertise, insight, and leadership "that will be invaluable as we continue to deliver on our strategic priorities and crown expectations".
"Their appointments mark a significant step forward in strengthening Pāmu governance capability and ensuring the board reflects the breadth of experience needed to navigate the future of farming in NZ," Rae says.
Two months ago, Pāmu was issued a "please explain" letter by its shareholder, the Government, seeking answers on how it intends to strengthen its finances and focus on its core roles.
State Owned Enterprises Minister Simeon Brown wrote to the board expressing disappointment and concern at the state-owned farming company's "failure to make progress in improving its performance".
He cited as examples of underperformance and measures needing to be addressed, improving the five-year average of a 2.6% return on shareholder's funds, and it's failure to meet its cost of equity for at least a decade.
Budou are being picked now in Bridge Pā, the most intense and exciting time of the year for the Greencollar team – and the harvest of the finest eating grapes is weeks earlier than expected.
The Real Estate Institute of New Zealand (REINZ) has released its latest rural property report, providing a detailed view of New Zealand’s rural real estate market for the 12 months ending December 2025.
Rural retailer Farmlands has released it's latest round of half-year results, labeling it as evidence that its five-year strategy is delivering on financial performance and better value for members.
OPINION: "We are back to where we were a year ago," according to a leading banking analyst in the UK, referring to US president Donald Trump's latest imposition of a global 10% tariff on all exports into the US.
DairyNZ says the Government’s proposed Resource Management Act reform needs further work to ensure it delivers on its intent.
Overseas Trade Minister Todd McClay says he's working constructively with the Labour Party in the hope they will endorse the free trade agreement (FTA) with India when the agreement comes before Parliament for ratification.

OPINION: A mate of yours truly reckons rural Manawatu families are the latest to suffer under what he calls the…
OPINION: If old Winston Peters thinks building trade relations with new nations, such as India, isn't a necessary investment in…