Landcorp Farming Limited ("Landcorp") is a state-owned enterprise of the New Zealand government. Its brand name is Pāmu, the Māori language word for 'to farm'. Its core business is pastoral farming including dairy, sheep, beef and deer, as well as a foods business marketing milk and meat products globally under the Pāmu brand and as a supplier to other food processors. Pāmu manages 117 properties carrying over 1 million stock units on 365,257 hectares of property under management.[1]
History
Landcorp was incorporated as a State-owned Enterprise on 1 April 1987 to assume the commercial farming and property activities of the former Department of Lands and Survey. It operates under the State Owned Enterprises Act 1986.[2] Landcorp is New Zealand's largest farmer, with over $1.7 billion in total assets. It farms 117 beef, dairy, deer and sheep farms - 84 are owned directly by the company and the others are farmed on behalf of the Crown or private interests. It also owns Focus Genetics, an animal genetics company, and has a 50% investment in Spring Sheep Milk; as well as investments in FarmIQ and Melody Dairies. The company has won a food innovation award for its groundbreaking deer milk innovation and was ranked in the top 10 innovative companies in Australasia in the agriculture category in the 2019 AFR Innovation Awards.