Pāmu FY26 Report: Profit More Than Doubles to $113m
Pāmu has released its FY26 Integrated Annual Report, reporting a Net Operating Profit of $113 million, more than double the $49 million recorded in FY25.
Landcorp chief executive Steven Carden says his company plans to set up a second sheep milking farm on one of their properties near Taupo.
Landcorp have recently begun milking 2,700 East Fresian ewes at their St Kilda farm in the north Taupo area. Carden says while this is in some ways a pilot project, the aspiration of the company is to make this into a substantial business and an industry in its own right. Spring Sheep Dairy as it is known, is a joint venture with the agribusiness investment company SLC Group to produce high quality sheep milk for mostly Asian markets.
In just eight months Landcorp has achieved the almost impossible by turning bare pasture land north of Taupo into one of the world's most high tech sheep milking operations.
Twenty two year old Thomas Macdonald, a Landcorp business manager has project managed this unique $3.9 million greenfield operation which includes the building of the new shed, the purchase of stock and recruitment of a manager, five full time staff and twenty casual staff.
The milk is being processed by Waikato Innovation in Hamilton.
Unlike a typical cow shed, the sheep milking shed is quiet, there is less water being used because there is less effluent and the milking of each sheep is over in just a couple of minutes. This shed can milk 1000 sheep an hour. Milking is twice a day. But it's the array of technology that catches the eye of first time visitors to the shed.
"This parlour was built from the ground up with technology in mind. We have got individual metering of animals per day we are the first one the world to measure fat protein per animal per day," says Macdonald.
It's the data gathered in the shed which will later to be used to select the best animals to breed from in the future. At present about half the flock being milked are pure East Fresian with remainder crosses and milk production varies between these, with the pure breds producing about two litres at each milking and some of the crosses about 500mls. The aim is to produce a much higher yielding flock with surplus lambs being reared for the meat industry.
Canterbury milk processor, Synlait Milk has confirmed Leon Fung as its chief executive officer.
OPINION: Making it easier to collect rainwater and use it to grow crops and livestock is a no brainer.
As part of its Election 2026 coverage, Rural News asked political parties how they would help pull the arable sector out of the doldrums. Here's what they said:
Farmers are being encouraged to rethink how they manage waste on farm with the launch of ruralwastesorted.co.nz, a new website bringing together practical tips, real farmer experiences and resources.
New Zealand Winegrowers (NZW) is celebrating the India-New Zealand Free Trade Agreement (FTA) coming into force today, bringing New Zealand wine improved access to one of the world’s fastest-growing economies.
New Zealand’s red meat sector has welcomed the India-New Zealand Free Trade Agreement taking effect, which removes India’s 33% tariff on New Zealand sheepmeat.

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