Wednesday, 04 December 2024 09:55

Barks like a dog

Written by The Hound

font size decrease font size increase font size
Print
Email

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?

More like this

Times have changed

OPINION: Back in the 1960s and '70s, and even into the '80s, successive National government Agriculture Ministers and Trade Ministers were at the top of the cabinet rankings.

Hallelujah moment

OPINION: The new Public Service Commissioner Sir Brian Roche has just had the hallelujah moment of the 21st century in his candid review of the NZ public service.

OPINION: Media luvvies have pigeon-holed the Taxpayers Union (TPU) as some right-wing lobby, but as far as this old mutt can tell, the TPU focuses on shaming poor behaviour and wasteful spending by those that govern us, no matter who's in power.

Tariff risk

OPINION: Some commentators across the ditch reckon the second Trump administration's anticipated trade protectionism, coupled with China's economic fragility, poses a significant risk for Australia's agricultural export industries.

Drunk on power!

OPINION: The end-of-year booze-up at the posh Northern Club in Auckland must have been a beauty, as the legal 'elite' let their hair down and showed us how entitled and political some in the judiciary really are.

Featured

Latest beef genetics developments on show

Next month, the Beef Breeder Forum is set to give farmers an opportunity to hear about the latest developments in the beef industry.

ACC and Safer Farms announce new partnership

ACC and Safer Farms have announced a new partnership in an effort to reduce harm, injuries, and fatalities in agriculture.

First-time contestant crowned Northland's best

A Franklin dairy farmer has inched closer to national victory after being crowned Northland’s top young farmer.

Low interest sustainability lending from Halter, banks

Dairy and beef farmers could be eligible for lower interest lending options for financing Halter on their farms, with ANZ, ASB and BNZ now offering a pathway to sustainability loans for New Zealand’s largest virtual fencing provider.