[5 March/NZ Farmer]

Landcorp’s profit after tax has fallen 42 percent to $21.9 million for the first six months of the year. Landcorp’s Chief Executive, Steven Carden, predicted full year EBITDA would be between $33 and $38 million. He added that this was a good result given the spring and summer conditions when record rainfall was followed by drought in some areas. Mr Carden noted that while farming remained at the core of what they do, they were also taking a cautious approach to finding high value niche markets for their high quality product with credible, experienced partners.