Pāmu winds up part of food business, told to focus on core farming

Pāmu winds up part of food business, told to focus on core farming
(Image: NZME)
Riley Kennedy
The country’s state-owned farmer is winding up part of its food operations after being told by its now outgoing minister to focus on its core farming business.Like many farming operations, Landcorp – which trades as Pāmu – came under pressure in its last financial year with declining commodity prices and increasing costs and the effects of Cyclone Gabrielle.While its total revenue declined by $7 million to $290m, revenue from farm operations declined by nearly $30m to $236m.At the same time, underlying operating...

More Finance

FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

Staff reporters 25 Jul 2025
‘Teflon Man’ Neil Quigley’s next big job
Finance Analysis

Pattrick Smellie: ‘Teflon Man’ Neil Quigley’s next big job

Is the RBNZ lining up a Canadian replacement for Adrian Orr?

Pattrick Smellie 23 Jul 2025
Time ripe to stop forex fees confusion
Finance

Time ripe to stop forex fees confusion

Misleading 'fees free' foreign exchange deals are costing Kiwis.

Pattrick Smellie 22 Jul 2025
BNZ whistleblower wins $500k, fights on
Finance

BNZ whistleblower wins $500k, fights on

 Melissa Bowen had sought more than $3 million after she lost her job at the bank.

Victoria Young 18 Jul 2025