Landcorp board in talks with ministers over debt levels, PM Key says

Mon, 17 Aug 2015

By Paul McBeth Aug. 17 (BusinessDesk) - The board of state-owned farming operator Landcorp Farming is in active discussions with ministers over its levels of debt, but isn't in as big a hole as failed coal-miner Solid Energy, according to Prime Minister John Key. The Wellington-based state-owned enterprise faces growing scrutiny by the government as a slump in the global milk price creates unease over Landcorp's debt. Key told his weekly post-Cabinet press conference ministers are in talks with the SOE's board, but he wouldn't put it in t...

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