Landcorp a profitable publicly owned asset

Landcorp’s net operating profit of $27 million for 2011/12 was down on the previous year, but was still seen as a solid performance. The SOE will pay a $20 million dividend to its shareholder, the NZ Government, in spite of a softening in global commodity prices compared with 2010/11.

Sheep and beef under threat from too much grass

This season’s excessive grass growth throughout the country except for Otago and Southland has generally been a cause for celebration among sheep and beef farmers, happy not to have to worry about drought and ecstatic about livestock prices.