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.
State-owned farmer Pamu, formerly Landcorp Farming Ltd has paid tribute to its chair, Dr Warren Parker who passed away last week.
Pamu chief executive Mark Leslie said that “a great tree has fallen”.
Leslie says Parker was a highly respected primary sector leader and as Pāmu board chairperson, he made significant contributions to the organisation over his five years of dedicated service.
“It was an honour for me to have had Warren as a lecturer at Massey University nearly 30 years ago and then work shoulder-to-shoulder with his guidance and support when I joined Pāmu as CEO just under two years ago.
“Warren will be remembered for his vision, wisdom, and experience as well as his kindness which together have ensured a strong culture and clear strategic path for our organisation.”
Parker was appointed as chair of the Pāmu board on 1 January 2019. He was a former chief executive of Scion (the NZ Forest Research Institute) and Landcare Research and was previously chief operating officer of AgResearch. He held several board roles including on Predator Free 2050 Ltd, Farmlands Co-operative Society, Genomics Aotearoa and was the chair of the Forestry Ministerial Advisory Group. He was also chair of the New Zealand Conservation Authority and recently appointed independent chair of Quayside Holdings.
Parker had a PhD in animal science and was previously a professor of agribusiness and resource management at Massey University, where he spent 18 years in various roles, including supervising the 9,000-stock unit Riverside Farm in the Wairarapa.
Pamu deputy chair Nigel Atherfold has stepped in as interim chairperson.
Waikato milk processor Tatua has again declared a record milk payout to farmer shareholders, leaving other processors in the dust.
A Labour-led Government won’t be bringing back the controversial freshwater rules of 2020.
National’s much-touted free trade deal with India featured in the Rural Issues Debate at Mystery Creek, Hamilton on Wednesday night.
New Zealand's 2026-27 freshwater fishing season has opened, with anglers encouraged to head to rivers and lakes over the coming days as conditions look favourable across much of the country.
Central Otago District Council (CODC) has voted against a plan to spread treated sewage sludge from Cromwell and Alexandra on farmland near Lauder, a decision Federated Farmers says reflects strong opposition from rural residents.
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.

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