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

State farmer cultivates talent with apprenticeship scheme

To mark International Day of Education on January 24, 2025, state farmer Pāmu (Landcorp) announced the commencement of its Apprenticeship Scheme, designed to equip the next generation of farmers with the skills, knowledge, and experience needed for a thriving career in agriculture.

Barks like a dog

OPINION: Landcorp is putting a brave face on its latest result, highlighting its progress on KPIs like climate change and gender pay gaps.

State farmer opens pathway to ownership for more Kiwis

In a landmark move, the state-owned farmer Pāmu (Landcorp) is making four of its 44 dairy farms available for people wishing to take up various contracts including herd-owning, share milking, variable order share milking and contract milking.

Will silver turn to gold for state farmer?

Tucked away in a remote part of the central North Island, staff at a Pāmu (Landcorp) farm are working hard to solve one of the biggest challenges facing the dairy and beef sectors.

Featured

National

Machinery & Products

New Holland combines crack 50 years

New Holland is celebrating the 50th anniversary of the introduction its Twin Rotor threshing and separation technology, which has evolved…

Iconic TPW Woolpress turns 50!

The company behind the iconic TPW Woolpress, which fundamentally changed the way wool is baled in Australia and New Zealand,…

» Latest Print Issues Online

The Hound

Double standards

OPINION: Imagine if the Hound had called the Minister of Finance the 'c-word' and accused her of "girl math".

Debt monster

OPINION: It's good news that Finance Minister Nicola Willis has slashed $1.1 billion from new spending, citing "a seismic global…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter