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OPINION: Landcorp is putting a brave face on its latest result, highlighting its progress on KPIs like climate change and gender pay gaps.
Your old mate was more interested in how much they added to the Crown accounts.
As Landcorp says in its 2024 report, it manages "nearly 360,000ha over 112 farms across the motu".
That's a $2 billion asset base, on which Landcorp returned a $20m net operating profit (NOP).
However, times have been tough, with falling product prices hitting revenue and earnings, and they made a $26m net loss after tax.
For comparisons sake, that's 39% lower than the $33m NOP of the prior year, where they lost a mere $9m after tax - on a $2b asset base.
Surely, that's the KPI that's going to matter most to a cash-strapped government?
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.
William John Poole, a third year Agribusiness student at Massey University, has been awarded the Dr Warren Parker and Pāmu Scholarship.
State farmer Pāmu (Landcorp) has announced Dave Nuku is its new Associate Director, joining the board as an observer from 1 March 2026.
State farmer Landcorp, trading as Pamu, is a forecasting a full-year net profit of around $100 million.
Pāmu has welcomed ten new apprentices into its 2026 intake, marking the second year of a scheme designed to equip the next generation of farmers with the skills, knowledge, and experience needed for a thriving career in agriculture.
Some of New Zealand’s best-loved food brands have been quick to sign up for a new campaign which reinforces their home-grown status.
New research is helping farmers better understand and manage fertility, with clearer tools and measures to support more robust, productive herds.
Southland crop farmer Mark Dillon took out his fifth New Zealand conventional ploughing title at the NZ Ploughing Championships held over the weekend at Methven.
Ensure your insurance is fully comprehensive and up to date because as a rural contractor you don’t know what’s around the corner.
Waikato farmer Walt Cavendish has stepped down as the spokesman for a controversial farming lobby seeking greater protection for New Zealand farmers against inferior imports.
A verbal stoush has broken out between Federated Farmers and a new group that claims to be fighting against cheaper imports that undermine NZ farmers.
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