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."
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.
Meat Industry Association data, released alongside the Red Meat Sector conference in Wellington, shows export value climbing across the US, China, UK and Canada.
Applications are set to open for the 2027 Zanda McDonald Award, a trans-Tasman award recognised for identifying and fast-tracking talented young leaders in agriculture and agribusiness.
The Royal New Zealand College of General Practitioners (the College) and Hauora Taiwhenua Rural Health Network are calling for investment in a proposed new training pathway for rural GPs, warning that many rural practices are struggling to recruit while a large share of the existing workforce nears retirement.
Federated Farmers has called on Central Otago District Council (CODC) to drop or vote down a plan to truck sludge from Alexandra and Cromwell to farmland near Lauder, warning it would compound an "outrageous" situation created by a separate council's decision weeks earlier.
Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.

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