web analytics

National confirms Landcorp would be sold (?)

Written By: - Date published: 4:46 pm, March 12th, 2008 - 22 comments
Categories: assets, election 2008, john key - Tags: , ,

We have an interesting mixed message (once again) from National on asset sales. David Carter is quoted in the NZ Farmers Weekly as saying:

David Carter: “As Minister of Agriculture I would sell Landcorp. I don’t see taxpayer money best invested in farms” (10 March, 2008).

landcorp_small.gifHowever after the example was raised in Parliament today Mr Carter tried to defend himself, saying not only did never say it but that he had rung the paper to tell them so (sound familiar?). I’ll post the Hansard when it goes up later today. (see below for quote)

He need not be defensive. Mr Key is already on record saying Landcorp farms would be sold. Indeed National leader John Key told Rural News last year that he has concerns that Landcorp is not performing.

Key: “We think the economic returns are relatively low. We are not sure the State makes a terribly great farmer and don’t feel we need to own farms to do the research.” (Rural News, 25 June 2007)

Mr English confirmed last year that National will have a programme of the partial sell off of assets.

So was Mr Carter really misquoted? Or has he adopted his leader’s habit of saying what people wanted to hear?

Some may say “but Labour has sold farms too”. But there’s a difference between the odd sale (and purchase) in the pursuit of operational efficiency when you’re committed to overall ownership of the asset and a wholesale sell off.

Just to re-inforce the point, the Government took steps last year to place strict criteria around future sales.

(Hat-tip: ferg)

Update: Here’s what Mr Carter said:

Hon David Carter: I raise a point of order, Madam Speaker. For the sake of clarity, I just point out that I rang Mr Alan Emerson, the author of that article. That is not a direct quote of mine, at all. (Hansard, 12 Mar 2008)

22 comments on “National confirms Landcorp would be sold (?) ”

  1. He was talking about Australian landcorp.

  2. Dancer 2

    or perhaps just light-hearted in his comment?

  3. steveo 3

    As clarification here is what Bill English actually said

    “I think the environment’s changed now, where people can see the Government’s got the New Zealand Super Fund there, they know it would be good to have more savings, and they want to save more,” he said.

    “I think the public is thinking more about investment now than about ideology.”

    The partial selldown of an SOE could be done in a variety of ways, such as something like 25 per cent of one being floated on the local stock exchange.

    Local mums and dads could be given an opportunity to buy shares, while the Government would – as long as it sold less than 50 per cent of the company – retain control.

    Or the stake could potentially go to an overseas owner or to a pension fund

  4. Tane 4

    Local mums and dads could be given an opportunity to buy shares

    Local mums and dads already own the SOEs.

  5. i think he meant “local mums and dads who can afford a share portfolio”.

    still, a National party that’s bereft of ANY new ideas and still wanting to sell public assetts huh? who would’ve thought it. no wonder they don’t want to talk about their policies.

  6. Tane 6

    i think he meant “local mums and dads who can afford a share portfolio’.

    Yeah, I figured the mums and dads who struggle by on $11.25 an hour doing double shifts to feed their kids weren’t the kind he had in mind.

  7. no. apparently they don’t deserve any public benefits, that would only encourage them.

  8. steveo 8

    Tane surely there can’t be any mums and dads who struggle by on $11.25 and hour doing double shifts to feed their kids – after three terms of Labour I thought we were living in a socialist paradise

  9. Tane 9

    Socialist paradise? Far from it Steveo, there’s still plenty to do. But if we’re talking minimum wage then I’d rather have a Labour government than a National one any day. Under nine years of National the minimum wage fell in real terms. Labour has increased it every year.

    Think about that for a second, if the last National government was still in power these people wouldn’t even be on $11.25 – they’d be lucky to be earning $7 an hour.

    Check out the graph on this page, it’s quite revealing: http://www.thestandard.org.nz/?p=906

  10. Local mums and dads already own the SOEs.

    That used to annoy the hell out of me when they started selling shares in Air NZ. “Your chance to own your country’s airline,” said the ads. “I already own it, you fucks! Stop trying to rip me off!” Eventually, the drugs kicked in and I realised shouting at the TV was futile. Voting against political parties who want to sell my stuff is however, not futile.

  11. Phil 11

    So, should the Govt even be owning farms in the first place?

  12. Rexel 12

    Of course they should be owning the farm.

    Landcorp is an assett owned by all for the benefit of all. Who gave National the right to sell off our farms.

    Labour should really be using the surplus to purchase further assetts for this country for the benefit of all. As property prices come down now is the perfect time for landcorp to increase their size and for the government to take a greater control in our primary industry.

    Labour….this can only be a vote winner.

  13. insider 13

    LAndcorp is a property speculation company. It is buying and selling farms all the time.

  14. Steve Pierson 14

    Landcorp makes minor changes in its portfolio for various reasons all the time, as do other SOEs, but it is not selling down its’ holdings overall.

  15. Landcorp has been selling off land as part of overall govt policy for a number of years. This mainly involved and still does involve selling to lease holders. This is so it can focus on a smaller amount of physical assets while reducing all the costs from having larger land holdings. The idea is to then make those remaining assets perform well under direct management from Landcorp. Landcorp does make a return to the Crown but those profits reflect the income instability in the farming sector itself.
    I’d also like to ask those who favor state farm ownership, would you as taxpayer owners who profess to be concerned about the environment be prepared to accept Landcorp increasing its dairy conversions to maximize returns? Due to very bad performance for sheep farming Landcorp has been doing this. How do you feel as an ‘owner’ about that?

  16. Ari 16

    It’s funny, you think National would have learned by now to read their interviews afterwards for mistakes. They can hardly blame other people for misquoting them if they’re going to let these mistakes sit around all the time 😛 Maybe they should start asking for transcripts before publication.

    Looks like this paper isn’t owned by APN at least, but given that farmers are big National fans anyway, it might not matter 😉

  17. gladfly 17

    Landcorp farms present an excellent opportunity for the Government to demonstrate how organic management could solve a number of pressing issues – carbon sequestration, water quality, food safety, soil security and so on. What a beacon they could be on the world stage and how easily this could be achieved.

  18. insider 18


    how quaintly naive. You don;t expect the government to be bound by the rules they expect the rest of us to follow, surely?

Links to post

Recent Comments

Recent Posts

  • Tokelau Language Week reminds us to stay united and strong
    Staying strong in the face of challenges and being true to our heritage and languages are key to preserving our cultural identity and wellbeing, is the focus of the 2020 Tokelau Language Week. Minister for Pacific Peoples, Aupito William Sio, says this year’s theme, ‘Apoapo tau foe, i nā tāfea ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ announces a third P-3 deployment in support of UN sanctions
    The Government has deployed a Royal New Zealand Air Force P-3K2 Orion (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea, announced Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark. “New Zealand has long supported ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pacific trade and development agreement a reality
    Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. “The agreement represents ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Securing a pipeline of teachers
    The Government is changing its approach to teacher recruitment as COVID-19 travel restrictions continue, by boosting a range of initiatives to get more Kiwis into teaching. “When we came into Government, we were faced with a teacher supply crisis,” Education Minister Chris Hipkins said. “Over the past three years, we ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Border exceptions for a small number of international students with visas
    The Government has established a new category that will allow 250 international PhD and postgraduate students to enter New Zealand and continue their studies, in the latest set of border exceptions. “The health, safety and wellbeing of people in New Zealand remains the Government’s top priority. Tight border restrictions remain ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • First COVID-19 vaccine purchase agreement signed
    The Government has signed an agreement to purchase 1.5 million COVID-19 vaccines – enough for 750,000 people – from Pfizer and BioNTech, subject to the vaccine successfully completing all clinical trials and passing regulatory approvals in New Zealand, say Research, Science and Innovation Minister Megan Woods and Health Minister Chris Hipkins. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • International statement – End-to-end encryption and public safety
    We, the undersigned, support strong encryption, which plays a crucial role in protecting personal data, privacy, intellectual property, trade secrets and cyber security.  It also serves a vital purpose in repressive states to protect journalists, human rights defenders and other vulnerable people, as stated in the 2017 resolution of the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ministry of Defence Biodefence Assessment released
    The Ministry of Defence has today released a Defence Assessment examining Defence’s role across the spectrum of biological hazards and threats facing New Zealand. Biodefence: Preparing for a New Era of Biological Hazards and Threats looks at how the NZDF supports other agencies’ biodefence activities, and considers the context of ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020
    New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020 Hon David Parker’s response following Thomas Piketty and Esther Duflo. Good morning, good afternoon, and good evening, wherever in the world you might be. I first acknowledge the excellent thought provoking speeches of Thomas Piketty and Esther ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Kaipara Moana restoration takes next step
    A Memorandum of Understanding has been signed today at Waihāua Marae between the Crown, local iwi and councils to protect, restore and enhance the mauri of Kaipara Moana in Northland. Environment Minister David Parker signed the document on behalf of the Crown along with representatives from Ngā Maunga Whakahī, Ngāti ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Zealand and Uruguay unite on reducing livestock production emissions
    Agriculture Minister Damien O’Connor and Uruguayan Minister of Livestock, Agriculture and Fisheries Carlos María Uriarte have welcomed the launch of a three-year project that will underpin sustainable livestock production in Uruguay, Argentina, and Costa Rica.  The project called ‘Innovation for pasture management’ is led by Uruguay’s National Institute of Agricultural ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • 3100 jobs created through marae upgrades
    Hundreds of marae throughout the country will be upgraded through investments from the Provincial Growth Fund’s refocused post COVID-19 funding to create jobs and put money into the pockets of local tradespeople and businesses, Regional Economic Development Minister Shane Jones and Māori Development Minister Nanaia Mahuta have announced. “A total ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Health volunteers recognised in annual awards
    Health Minister Chris Hipkins has announced 9 teams and 14 individuals are the recipients of this year’s Minister of Health Volunteer Awards.  “The health volunteer awards celebrate and recognise the thousands of dedicated health sector volunteers who give many hours of their time to help other New Zealanders,” Mr Hipkins ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Community COVID-19 Fund supports Pacific recovery
    The Minister for Pacific Peoples, Aupito William Sio says a total of 264 groups and individuals have successfully applied for the Pacific Aotearoa Community COVID-19 Recovery Fund, that will support Pacific communities drive their own COVID-19 recovery strategies, initiatives, and actions. “I am keen to see this Fund support Pacific ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Community benefits from Māori apprenticeships
    Up to 50 Māori apprentices in Wellington will receive paid training to build houses for their local communities, thanks to a $2.75 million investment from the Māori Trades and Training Fund, announced Employment Minister Willie Jackson today. “This funding will enable Ngāti Toa Rangatira Incorporated to provide its Ngā Kaimahi ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Training fund supports Māori jobseekers
    Rapidly growing sectors will benefit from a $990,000 Māori Trades and Training Fund investment which will see Wellington jobseekers supported into work, announced Employment Minister Willie Jackson today. “This funding will enable Sapphire Consultants Ltd. to help up to 45 Māori jobseekers into paid training initiatives over two years through ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ruakura Inland Port development vital infrastructure for Waikato
    The Government is investing $40 million to develop an inland port at Ruakura which will become a freight super-hub and a future business, research and residential development for the Waikato, Urban Development and Transport Minister Phil Twyford, and Māori Development Minister Nanaia Mahuta announced today. The funding has been has ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Appointments made to Defence Expert Review Group
    Defence Minister Ron Mark announced today the establishment of an Expert Review Group to review a number of aspects of the New Zealand Defence Force’s (NZDF) structure, information management and record-keeping processes.  The Expert Review Group’s work arises out of the first recommendation from the Report of the Government’s Inquiry ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • No active community cases of COVID-19
    There are no active community cases of COVID-19 remaining in the country after the last people from the recent outbreak have recovered from the virus, Health Minister Chris Hipkins said today. “This is a big milestone. New Zealanders have once again through their collective actions squashed the virus. The systems ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Clean energy upgrade for more public buildings
    More public buildings will be supported by the Government to upgrade to run on clean energy, the Minister for Climate Change James Shaw announced today. Minister Shaw announced that Lincoln and Auckland universities will receive support through the Clean-Powered Public Service Fund to replace fossil fuel boilers. Southern, Taranaki, and ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Schools back donations scheme for the second year
    More schools have opted in to the donations scheme for 2021, compared to 2020 when the scheme was introduced. “The families of more than 447,000 students will be better off next year, with 94% of eligible schools and kura opting into the scheme,” Education Minister Chris Hipkins said. “This is ...
    BeehiveBy beehive.govt.nz
    3 weeks ago