Pāmu Braces for $30m Hit From Rising Farm Costs
State farmer Pāmu is bracing for a $30 million hit from soaring farm input costs this financial year.
Minister for SOEs, Paul Goldsmith, has at least publicly stated that Landcorp isn't running its 110 farms as efficiently or profitably as the private sector would, but he's yet to act, despite National previously questioning Landcorp's poor returns.
ACT's Mark Cameron and his party leader were unequivocal that the farms should be sold off into private hands so owners with skin in the game can realise the farms' potential.
Now that these guys have the power, will they follow through and put Landcorp out to pasture?
