Example a govt woke named company that cannot get a profit in what should be the easiest place in the world to farm and in a "developed "economy.
Anything they want they get and have their consultants on oversized salaries with ego sized offices no ordinary farmer would waste his mony on.
The loss would be doubled if they hadn't got a carbon credit windfall.
Same with Venezuela ..all that oil and all that poverty and no accountability.
Anything they want they get and have their consultants on oversized salaries with ego sized offices no ordinary farmer would waste his mony on.
The loss would be doubled if they hadn't got a carbon credit windfall.
Same with Venezuela ..all that oil and all that poverty and no accountability.
Pāmu: State-owned farming company registers $26m full-year loss
State-owned farming company Pāmu has recorded a full-year loss of $26 million due to falling livestock prices, high interest rates and the ongoing costs related to Cyclone Gabrielle.
The company, formerly known as Landcorp Farming, manages 112 dairy, deer and sheep farms across more than 360,000ha of farmland nationwide.
The loss for the 12 months to the end of June compares with a $9m loss the year before.
Revenue dropped 2.8% to $282m, with livestock revenue down $4m on the previous year to $103m, reflecting softer livestock pricing.