Government appoints three new directors to Pāmu board
The Government has appointed three new members to the board of state farmer Landcorp Farming Ltd, trading as Pāmu.
Landcorp Chief executive Steven Carden says its further development of dairy farms in the central North Island is under review.
He says since he became chief executive he’s been aware of the risks dairying poses to Landcorp’s balance sheet.
Landcorp had initially planned to develop 35 dairy farms in the region in partnership with private company Wairakei Pastoral, but has so far done only 13. Contrary to popular belief, Carden says they are not committed solely to developing dairy farms.
“What we are committed to is developing land for pastoral purposes and it doesn’t have to be dairy,” he told Rural News.
“We are looking broadly at other options such as sheep, beef cropping options and dairy support. We are having an expansive look at what we can do and Wairakei Pastoral is amenable to alternative ideas.”
Carden says Landcorp is committed overall to a long term outlook in its operating environment rather than short term riskier gains. He says the company runs a conservative balance sheet with a low debt-equity ratio.
'Common sense' cuts to government red tape will make it easier for New Zealand to deliver safe food to more markets.
Balclutha farmer Renae Martin remembers the moment she fell in love with cows.
Academic freedom is a privilege and it's put at risk when people abuse it.
All eyes are on milk production in New Zealand and its impact on global dairy prices in the coming months.
Claims that some Southland farmers were invoiced up to $4000 for winter grazing compliance checks despite not breaching rules are being rejected by Environment Southland.
According to the most recent Rabobank Rural Confidence Survey, farmer confidence has inched higher, reaching its second highest reading in the last decade.
OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…
OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.