Thursday, 06 June 2019 08:11

Sell it

Written by 

The Hound's ever growing list of ‘Landcorp fails’ keeps getting longer.

The latest is that the state owned farmer has announced a $10 million slump in its forecast earnings for the 2019 financial year. In typical form, the news was done in a sneaky way – in a notice on Treasury’s website.

It says Landcorp now expects full year earnings before interest, tax, depreciation and revaluations (EBITDAR) of between $27m and $32m versus the previous forecast range of between $37m and $42m for the year ending June 30.

This notice appeared about the time the failing state farmer’s chief executive Steven Carden was prancing about on stage in Taranaki with Hollywood director James Cameron, telling farmers how they should farm in the future in a trendy, carbon zero way.

 

More like this

Jobs for the boys

Your canine crusader has yet more to report from his growing list of ‘Landcorp fails’.

Playing politics?

The Hound's not-so favourite government department, the state-run farmer formerly known as Landcorp, has proven that it is not just a poorly-performing entity but that it can’t even pick winners with the current Government policy.

A nice little earner

Landcorp is paying members of its contentious environmental reference group (ERG) $1500 a day each – far more than other government body payments.

 
 

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Death by trees

OPINION: Your canine crusader finds it ironic that the pompously self-proclaimed ‘champion’ of the provinces and ‘first citizen’ of regional…

All sizzle

OPINION: Remember when Agriculture Minister Damien O’Connor, about a year ago, launched his new baby the Primary Sector Council (PSC)…

» Connect with Rural News