OPINION: Your old mate reckons he now understands just why state farmer Pāmu (Landcorp in everyday man's language) is such a dog of an investment and why it returns a paltry dividend - relative to the huge capital tied up in the SOE - to the country's hard-pressed taxpayers.
Reading the state farmer's latest quarterly report, it makes the following statement: "Our purpose extends beyond profit. We aim to nurture and enrich the land on which we farm, balancing performance and the environment. We seek to ensure our farming activities contribute positively to ecosystems and communities..."
It then goes on to crow about how it has "achieved Toitū carbonreduce farm certification across 50% of our farm portfolio".
Pāmu should just drop its virtue-signalling wokeness and get on with farming, then the whole country would be better off!