Pāmu Braces for $30m Hit From Rising Farm Costs
State farmer Pāmu is bracing for a $30 million hit from soaring farm input costs this financial year.
The latest comes in a new political appointment to the failing state farmer’s board of directors.
Late last month, the SOE put out a media release stating: “Landcorp Farming Ltd’s (Pamu) shareholding ministers have made a new appointment to the board. Doug Woolerton will join the board from 1 May …”.
However, what the media statement failed to mention is that the two ‘shareholding ministers’ are none other NZ First’s Winston Peters and Shane Jones and the new Landcorp director Doug Woolerton happens to be a past NZ First MP and long-time confidant of Peters.
So much for the claims made by Peters who attacked the “brorocracy” of political appointments before entering Government.
