Ele Ludemann: Govt can’t afford to farm

Pāmu has posted another very disappointing result:

. . . Last year’s results were boosted by a $20 million gain on milk futures, whereas this year, there was a $1 million loss. This was a significant contributing factor to Pāmu recording a net loss after tax of $26 million compared with a loss of $9 million in the prior year. . .