Tuesday, 19 October 2021 15:30

Woke and broke?

Written by The Hound

font size decrease font size increase font size
Print
Email

OPINION: Speaking of woke, Government-owned entities that love wasting public money and producing fluffy PR pieces, the Hound sees that Landcorp - known as Pāmu - has just released its 2021 annual report.

Of course, it is not just your normal annual report, which shows that, again, Landcorp is a dog of an investment for the country's taxpayers.

Instead, the state-owned farmer produces an 'integrated' annual report.

This translates - in layman's (sorry person's) language - to mean that they talked with a whole of lot of people (mainly their own directors, employees and suppliers - i.e.: people it pays) and got them to say just how wonderful Pāmu is.

The report also shows that outgoing chief executive Steven Carden was paid more than $3.65 million in salary during the past five years, and last year 165 of its staff earned over $100k.

Imagine if Pāmu actually made a half decent return on investment.

More like this

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.

Pāmu and Meet the Need Launch Mince Recipe Cards for Food Banks

A partnership between state-owned enterprise Pāmu (Landcorp Farming Limited) and charity Meet the Need is putting more than quality New Zealand beef into food bank parcels this year.

State farmer posts record results

State farmer Pamu has delivered its strongest operating result on record.

Cool Beef: NZ's New Programme to Cut Cattle Methane

Beef+Lamb New Zealand and the Ag Emissions Centre have launched a new research project aimed at helping beef farmers reduce methane emissions without impacting productivity or profitability.

'LinkedIn Greens'

OPINION: The same mainstream media muppets that brought you Jacindamania in 2017 have been flat out pimping for the Opportunities Party, labelled by some as the 'LinkedIn Greens' for their corporate spin on Green-esque 'tax the rich' policies.

Featured

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.

NZ Red Meat Exports Hit $867m in August, Up 23%

Meat Industry Association data, released alongside the Red Meat Sector conference in Wellington, shows export value climbing across the US, China, UK and Canada.

Applications open for 2027 Zanda McDonald Award

Applications are set to open for the 2027 Zanda McDonald Award, a trans-Tasman award recognised for identifying and fast-tracking talented young leaders in agriculture and agribusiness.

GP Rural: New Pathway Proposed to Fix Rural GP Shortage

The Royal New Zealand College of General Practitioners (the College) and Hauora Taiwhenua Rural Health Network are calling for investment in a proposed new training pathway for rural GPs, warning that many rural practices are struggling to recruit while a large share of the existing workforce nears retirement.

CODC Sludge-to-Lauder Plan Slammed by Federated Farmers

Federated Farmers has called on Central Otago District Council (CODC) to drop or vote down a plan to truck sludge from Alexandra and Cromwell to farmland near Lauder, warning it would compound an "outrageous" situation created by a separate council's decision weeks earlier.