Wednesday, 15 March 2023 12:30

Campbell curse?

Written by The Hound

font size decrease font size increase font size
Print
Email

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?

More like this

Dark ages

OPINION: Before we all let The Green Party have at it with their 'bold' emissions reduction plan, the Hound thought it wise to run the numbers through the old Casio.

OPINION: The Feds' latest banking survey shows that bankers are even less popular with farmers than they used to be, despite falling interest rates, and the report still paints a damning picture of rural lending.

Waste not

OPINION: Judith Collins, Minister for Science, Innovation and Technology, has upset the more woke members of the science community by announcing a regulation change to narrow the scope of the $83.5 million/year Marsden Fund.

Middle finger

OPINION: Kainga Ora's decision to categorically rule out use of woollen carpets in social housing is a total slap in the face for struggling Kiwi sheep farmers.

Loud noises!

OPINION: One of the strongest arguments for Act’s Treaty Principles Bill is probably its opponents’ total inability to raise a calm, cogent retort to it, other than intimidation and shouting the other side into silence.

Featured

Ham wins race for Kiwi Christmas favourite

Ham has edged out lamb to become Kiwis’ top choice for their Christmas tables this year.

DWN partners with Bayleys for conference

Dairy Women’s Network (DWN) has announced real estate company Bayleys will be the naming partner for its 2025 conference.

FMG launches 'Under Pressure' campaign

As New Zealand enters the summer months, rural insurer FMG is reminding farmers and growers to take extra care with a new campaign.

Stay safe over summer - St John

Hato Hone St John is urging Kiwis to have a safe summer this year.

Silt Recovery Taskforce wins national award

Hawke’s Bay’s Silt Recovery Taskforce has received the Collaboration Excellence Award at the Association of Local Government Information Management (ALGIM) Awards.