Farmlands returns to profit with strong FY25 result
Rural retailer Farmlands has reported a return to profitability, something the co-operative says shows clear progress in the second year of its five-year strategy.
OPINION: Your canine crusader notes that rural services company Farmlands recently announced a bumper profit of $17.1 million for the 2022 financial year.
It also declared a $8.6m after tax rebate - the first return it has delivered to its shareholders in four years.
However, word around the traps is that while the company might be doing better in a financial sense, it is losing staff faster than the Labour party is shedding popularity in the polls.
According to chief executive, Tanya Houghton, the company is providing, "a great product range and pricing, specialist sector expertise and excellent customer service".
However, it appears Houghton and her leadership team's 'K-Martization' of Farmlands - including enforcing weekend trading at many of its stores and pushing online shopping - has seen a number of its long-serving staff head for the door.
With the current situation in the European farm machinery market being described as difficult at best, it’s perhaps no surprise that the upcoming AgriSIMA 2026 agricultural machinery exhibition, scheduled for February 2026 at Paris-Nord Villepinte, has been cancelled.
The Meat Industry Association of New Zealand (MIA) has launched the first in-market activation of the refreshed Taste Pure Nature country-of-origin brand with an exclusive pop-up restaurant experience in Shanghai.
Jayna Wadsworth, daughter of the late New Zealand wicketkeeper Ken Wadsworth, has launched an auction of cricket memorabilia to raise funds for I Am Hope's youth mental health work.
As we move into the 2025/26 growing season, the Tractor and Machinery Association (TAMA) reports that the third quarter results for the year to date is showing that the stagnated tractor market of the last 18 months is showing signs of recovery.
DairyNZ chair Tracy Brown is urging dairy farmers to participate in the 2026 Levy vote, to be held early next year.
Beef + Lamb New Zealand (B+LNZ) is calling for nominations for director roles in the Eastern North Island and Southern South Island electoral districts.

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