Apprenticeship scheme to grow new generation of farmers
Nine lucky school leavers passionate about farming will join Pamu for a two-year journey into agriculture, living and working at Pamu farm, Aratiatia near Taupo.
State farmer Pāmu (Landcorp Farming Limited) has made a net profit after tax of $68 million for the half-year ended December 31, 2019.
The result is $39m better than the previous year’s net profit of $29m.
However, Pamu says the coronavirus could throw a spanner in the works in the second half.
Pāmu chief executive Steven Carden says the result was pleasing but cautioned that the second half was throwing up some uncertainty related to the impact of the coronavirus and climate conditions.
“We are pleased with our half-year result, the result of positive trading conditions and a focus on operating performance at Pāmu.
“Our EBITDAR (earnings before interest, tax, depreciation, amortisation and revaluations) for the half-year, which is our preferred measure of performance, saw a gain of $22 million compared to a loss of $3 million in the half-year to December 2018, which is very solid,” he says.
Pāmu is currently forecasting a full-year EBITDAR of between $73m and $78m however the impact of the Coronavirus outbreak and very dry climatic conditions in the north, may see it revise this as the second half of the financial year progresses.
The company has diversified its income sources in recent years and will continue to implement programs that mitigate the impact of climate change and biosecurity risks, says Carden.
“Our strategy has focused on increasing the resilience of our pastoral farming operations through farm system innovation. We have also moved to shift to land uses tied to forestry and horticulture. This strategy is helping to both improve profitability and lower the environmental impact of our operations.
“As important as our financial result has been the progress made in improving our health and safety performance, lowering our environmental impact through a range of initiatives, and improving the conditions of the animals in our care,” Carden said.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
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