Landcorp says its financial position is improving

The Government's called the state-owned farming company's performance disappointing and concerning - and told it to turn it around.

Landcorp's raised its forecast profit for the past year, and is expecting a healthy rise next year.

It's been benefiting from higher dairy, beef and lamb prices, and says it's also improving its pasture and livestock management.

Landcorp will confirm its results, and its dividend to the Government, later next month.