Talk Money: August 28, 2015

  • 28/08/2015
Paul Henry and Tony Field
Paul Henry and Tony Field

It is tough times for the country's largest farming operator Landcorp.

Profits have plunged at the Government-owned business.

Its net operating profit fell 84 percent to $4.9 million, thanks to lower milk and lamb prices.

Its after-tax profit dropped to a loss of $20 million. That was due to unrealised revaluations on livestock, financial derivatives and land.

The Government says the result is disappointing, and admits Landcorp may not show a profit for the next few years.

Opposition parties say it could be another Solid Energy.

Watch the video for the full chat with Tony Field.