Landcorp changes mind on Dairy Operation

Government owner Landcorp are now changing their tune over expansion of their dairy operation.

As we reported the opposition were adamant that they shouldn't use tax payers funds to back an industry that is in trouble, and the organisation is now backing down on further dairy expansion.

Landcorp profits dropped by 84 percent over the past year and with just $4.9 million before tax as a profit, they will not being paying a dividend this year.