Pāmu says it's hitting the brief but review disagrees

Pāmu says it's hitting the brief but review disagrees
Pāmu manages more than 100 farms, producing milk, beef, sheep meat, wool, venison, deer velvet, carbon credits, timber and speciality crops. (Image: BusinessDesk)
Rebecca Howard
A government-commissioned independent review of Landcorp Farming, which trades as Pāmu, said it is not as profitable or efficient as it should be, but the state-owned farmer says it is hitting the brief."We believe that our current strategy is consistent with shareholder expectations and our external operating context,” a Pāmu spokesperson told BusinessDesk after Treasury published the review and its findings in late December. The review – prepared by James Morrison Consulting – was commissioned in September 2020 and...

More Primary Sector

NZ exporters salivating at possible UAE trade deal
Primary Sector

NZ exporters salivating at possible UAE trade deal

The United Arab Emirates is already an important market for NZ dairy and meat exports.

Staff reporters 07 May 2024
Dairy Goat Co-op chair Campbell Storey to step down
Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down

He won't go until the annual meeting in September, however.

Riley Kennedy 02 May 2024
John Penno quits Synlait board as George Adams elected chair
Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 01 May 2024