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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: Your old mate reckons townie Brooke van Velden, the Minister of Workplace (or is it Woke Place) Relations is now showing how underemployed she is as a minister by initiating an investigation into whether young children should be banned from collecting eggs on farms and feeding animals.
OPINION: There's an infamous term coined by a US general during the Vietnam war, specifically in reference to the battle of Ben Tre: "We had to burn the village to save it."
OPINION: The sudden departure of Jim Ward, manager of Molesworth Station for 24 years, highlighted some major dysfunction in the way conservation estate is managed in this country - the biggest problem, as the Hound sees it, being idealogues who harp on about "taonga" and use all means possible to block sensible commercial operations on conservation land.
OPINION: While the destruction of NZ's oil and gas industry by Jacinda Ardern's band of merry vandals was virtue signalling on a heroic scale - producing no environmental benefit whatsoever - the politician vowing to make that industry whole again, Shane Jones, is not above a bit of virtue signalling of his own.
OPINION: Your old mate's ear has been chewed off recently by farmers voicing their displeasure with the National Party, particularly relating to how they're treating their farmer base.
OPINION: Nothing it seems can be done in the short term to get Donald Trump to change his mind about removing the unfair 15% tariffs that he’s imposed on New Zealand exports to the US.
A charity that connects young people with farmers for two years of on-farm training is reporting 150 student applications for its 2026 intake.
It’s been a long time coming, but the FMG Young Farmer of the Year Grand Final is returning to the Naki for Season 58.
The Government has appointed three new members to the board of state farmer Landcorp Farming Ltd, trading as Pāmu.
North Canterbury pig farmer Steve Sterne has been honoured with NZ Pork's Outstanding Contribution Award, recognising his 27 years of dedication to excellence in the sector.
Hawke's Bay's loss is Canterbury's gain with the opening of a new state-of-the-art soil testing laboratory for the Ravensdown subsidiary ARL (Analytical Research Laboratories) at Rolleston.
OPINION: Your old mate reckons townie Brooke van Velden, the Minister of Workplace (or is it Woke Place) Relations is…
OPINION: There's an infamous term coined by a US general during the Vietnam war, specifically in reference to the battle…
