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.
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.
The first signs have already come from State Owned Enterprises Minister Paul Goldsmith who has said that he is “not happy” with its performance.
Goldsmith’s comments follow the state farmer’s measly half year result in 2023 of $3 million – down from $15 million for the 2022 half year. The minister says he expects SOEs to operate as efficiently and profitably as similar businesses not owned by the Crown.
“I am not yet satisfied that Pāmu is achieving this and I expect it to take steps to improve.”
Goldsmith could start by clearing out all the woke political appointments made to Landcorp’s board by the previous administration and put in place some hard-nosed business types who demand results and not feelgood claptrap from the SOE!
Waikato milk processor Tatua has again declared a record milk payout to farmer shareholders, leaving other processors in the dust.
A Labour-led Government won’t be bringing back the controversial freshwater rules of 2020.
National’s much-touted free trade deal with India featured in the Rural Issues Debate at Mystery Creek, Hamilton on Wednesday night.
New Zealand's 2026-27 freshwater fishing season has opened, with anglers encouraged to head to rivers and lakes over the coming days as conditions look favourable across much of the country.
Central Otago District Council (CODC) has voted against a plan to spread treated sewage sludge from Cromwell and Alexandra on farmland near Lauder, a decision Federated Farmers says reflects strong opposition from rural residents.
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.

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