Wednesday, 19 January 2022 11:30

Woof, woof!

Written by  The Hound

OPINION: This old mutt has been pointing out forever just what a dog with fleas - as both a business model and a return on capital investment - state farmer Landcorp is.

This has again been evidenced by a review carried out last March by James Morrison Consulting - and sneakily released over the Xmas break following an OIA request.

The damning review criticises Landcorp's failure to meet financial forecasts, its high corporate costs and its investments in unprofitable off-farm ventures.

"Landcorp should be seeking excellence in pastoral farming," the report states. "However, the evidence indicates that Landcorp is not an excellent farmer yet."

Ouch! As the Hound has said many times before in regard to the state farmer and its continuing poor performance, if it walks like a duck and quacks like a duck, then chances are it is actually a duck!

More like this

Wrong, again!

OPINION: This old mutt well remembers the wailing, whining and gnashing of teeth by former West Coast MP and Labour Agriculture Minister Damian O’Connor when Chineseowned Yili took over the troubled dairy company Westland Milk a few years back.

Reality check

OPINION: Your canine crusader gets a little fed up with the some in media, union hacks, opposition politicians and hard-core lefty whiners who claim the answer to all the country’s current financial woes is to tax the rich even more.

No accountability!

OPINION: Readers of this column will know that your old mate has been a long-time critic of $55 million of taxpayers’ money handed out to ‘favoured’ media outlets via the Public Interest Journalism Fund (PIJF) through NZ on Air by the previous government.

Tough job

OPINION: The Hound reckons school teachers like nothing better than to complain constantly about how tough things are for them and that their generous holidays are all spent ‘marking school work and preparing for next term ahead’.

Cut with care

OPINION: The new government has clearly signalled big cuts across the public service.

Featured

Feds make case for rural bank lending probe

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.

National

Fonterra unveils divestment plan

Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra…

Fonterra appoints new CFO

Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.

Machinery & Products

GPS in control

In a move that will make harvesting operations easier, particularly in odd-shaped paddocks, Kuhn has announced that GPS section control…

» Latest Print Issues Online

The Hound

Wrong, again!

OPINION: This old mutt well remembers the wailing, whining and gnashing of teeth by former West Coast MP and Labour…

Reality check

OPINION: Your canine crusader gets a little fed up with the some in media, union hacks, opposition politicians and hard-core…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter