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

RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025
Wow. It’s all basketball!
Finance

Wow. It’s all basketball!

US investment in basketball is lapping at our shores in more ways than one.

Pattrick Smellie 25 Mar 2025
FMA files criminal charges against David McEwen
Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 18 Mar 2025