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OPINION: The Hound notes that NZ Rural Land Co recently announced a $5.3m profit for the year ended Dec 31 2022, down a staggering $31.2m from the $36.5m profit it recorded six months earlier.
The company owns 11,710 hectares of rural land in New Zealand, which is tenanted on long-term leases.
It claims to "generate shareholder value through a combination of asset value appreciation and cash flows from its long-term leases".
Interestingly, this result was announced at the same time as NZ Rural Land Co's chair Rob Campbell was being sacked from his government-appointed roles for his anti-National party rants.
Despite Campbell being chair of the company, there was no comment from the chair about the declining company profit or poor result.
Your old mate wonders, is NZ Rural Land Co is trying to distance itself from the current curse of Campbell?
OPINION: Henry Dimbleby, author of the UK's Food Strategy, recently told the BBC: "Meat production is about 85% of our current farming use so we can afford to pull that back a bit in order to restore nature... in order to get clean energy. That is not a major sacrifice."
OPINION: For the last few weeks, we've witnessed a parade of complaints about New Zealand's school lunch program: 'It's arriving late.' 'The portions are wrong.' 'I wanted caviar.'
OPINION: You must feel a bit sorry for poor old Christopher Luxon.
OPINION: As Jim Bolger once said, "Bugger the polls!"
OPINION: Ruth Richardson, architect of the 1991 ‘Mother of all Budgets’ and the economic reforms dubbed ‘Ruthanasia’, added her two cents to the Treaty Principles Bill with a submission that essentially says it’s time to “have the sovereign authority” define the principles of the Treaty “by design” rather than continue to let them be defined “by accident” by unaccountable institutions like activists in the Courts, the Waitangi Tribunal and officialdom.
OPINION: Federated Farmers' latest farmer confidence survey results won’t surprise too many people.
The cost of producing milk in New Zealand continues to compare favourably with other exporting regions despite a lift in production costs over the past five years.
DairyNZ says potential benefits from gene technology must be carefully weighed against the risks of such technology.
Pleased, but cautious. That’s how PGG Wrightson chief executive Stephen Guerin says he’s feeling about the rural retailer’s latest financial result.
Commodity prices and interest rates play a huge role in shaping farmer confidence, but these factors are beyond their control, says Federated Farmers dairy chair Richard McIntyre.
DairyNZ is supporting a proposed new learning model for apprenticeships and traineeships that would see training, education, and pastoral care delivered together to provide the best chance of success.
OPINION: Henry Dimbleby, author of the UK's Food Strategy, recently told the BBC: "Meat production is about 85% of our…
OPINION: For the last few weeks, we've witnessed a parade of complaints about New Zealand's school lunch program: 'It's arriving…
