Go woke!
OPINION: The Hound reckons the powers at Landcorp (or as they/them like to call themselves, Pāmu) are coming under the microscope with the new government in place.
Landcorp's farming division has announced a net profit after tax of $41 million for the half-year ended December 2021.
The state farmer’s earnings before interest, tax, depreciation, amortisation and revaluations (EBITDAR) was $16 million— compared with $14 million in the half-year to December 2020.
Chairman Warren Parker says the result is particularly gratifying as the company managed the ongoing impact of Covid.
“Covid has continued to disrupt our people, which on top of ongoing labour shortages, extreme weather events on the West Coast and in the Manawatu and logistics, processing and availability of farm supplies, has made for a challenging half year,” Parker adds.
Landcorp Farming (Pāmu) says it is currently forecasting a full-year EBITDAR of between $83m and $88m, compared to its original budget of $73m, with the strong milk price a key driver of this increase.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.