Drought is being blamed for drying up profits in the country's biggest farm
Drought is being blamed for drying up profits in the country's biggest farm
30 August 2019
State-owned Landcorp, trading as Pamu has reported a net 11 million dollar loss for the year.
Chief executive, Steven Carden, says prices are up for electricity, fuel, Mycoplasma bovis and fuel.
He says dairy and livestock production was flat in the central North Island, with a dry summer and autumn.
The company will pay the Government a special dividend of five-million-dollars.
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