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.
A renowned conservationist says the world and New Zealand is failing to fulfil many of the basic principles of sustainability.
The conservationist, Emeritus Professor Sir Alan Mark, says we must face up to our situation in order to avert serious risks.
Mark, of the University of Otago, spoke at Lincoln University as keynote speaker for the university's annual state of the nation's environment address.
During his presentation, he suggested that economic growth had become "an end unto itself rather than a means to a better life" and this is bad news for sustainability.
"Many people assume that if we have a healthy economy, other aspects of well-being will follow," says Mark.
"How do we achieve a sustainable economy with a financial system that requires growth for stability?"
Mark raised several environmental concerns affecting New Zealand, including widespread rangeland degradation and loss of biodiversity in areas such as the Denniston Plateau and Secretary Island.
He also pointed out that the increasingly extreme weather patterns seen in the country were likely symptomatic of global warming.
On the Trans Pacific Partnership Agreement, Mark describes it as problematic as it offers "multinational corporations the ability to sue governments for losses relating to policies designed to protect the environment."
"Economic development is now outstripping environmental sustainability in many areas," he said. "Adaptation, or market forces alone, are not viable options to address the environmental crisis.
"GDP is a crude measure of goods and services, wealth and well-being and we need to get away from solely focusing on this as an indicator of a country's performance. Better indicators are healthy children, quality of life and education, native forests and white sandy beaches, as is covered by the Genuine Progress Indicator (GPI) approach to assessing our human welfare.
"To ignore the symptoms of environmental degradation is to fail future generations."
Mark Hooper has been appointed the new chair of NZPork, the industry organisation representing New Zealand pig farmers.
As the India-New Zealand free trade agreement enters into force, New Zealand’s apple industry has reaffirmed its commitment to the long-term development of India’s apple sector.
Fonterra shareholders can begin voting on Tuesday 20 October in the 2026 Board of Directors’ election, a Co-operative Council election in one Ward, and seven Annual Meeting resolutions.
National’s pledge to introduce 19 new national standards shows the party is serious about getting Wellington out of farming, Federated Farmers says.
The National Party’s policies to make it easier to grow fresh vegetables, secure reliable water and energy and simplify farm planning are practical changes that will give growers the confidence to invest, according to Horticulture New Zealand (HortNZ).
Fonterra Co-operative Group chief financial officer Andrew Murray has resigned to take up a role outside the dairy giant.

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