Thursday 16 February 2017 01:31 PM
Landcorp Farming name 'too 80s'; should rebrand as 'Pamu', says MP
By Tina Morrison
Feb. 16 (BusinessDesk) - State-owned enterprise Landcorp Farming, which is trying to move its business away from mass
commodities and into higher value branded contracts, should change its name to reflect its new identity, Labour MP Rino
Tirikatene told the company at parliament's Primary Production select committee.
As part of a strategy to better connect with its customers, Landcorp has launched the Pamu brand, meaning "to farm" in
Maori. Chief executive Steven Carden, who joined three years ago, wants to shift Landcorp's focus away from being a
volume-based supplier of agricultural commodities towards developing more valuable, specialised contracts.
"I like the brand Pamu," Tirikatene told Landcorp representatives appearing before the committee, including chairwoman
Traci Houpapa, Carden and chief financial officer Steve McJorrow. "But I'm surprised. Why didn't you use the opportunity
to do something bold and rename Landcorp 'Pamu' or really embrace that brand. It just seems like this is a real '80s
name, Landcorp. It's just got a very old fashioned name ... you are about 30 years old. Why didn't you use the
opportunity to really drive the transformation through the business and say let's give ourselves a new name, and let's
really do something new and bold?"
In response, Houpapa acknowledged that the company was at a "change point" in its history, and it would take "a little
while" to turn around its 30-year history of farming.
"We agree with you that a change of name would also indicate strongly a change of nature and focus," she said. Pressed
by Tirikatene if a change of name was on the cards, Houpapa replied "hmmm", which urbandictionary.com defines as "the sound made when one is attempting to sound reassuring yet non-committal".
Asked outside the committee about Landcorp's views, Houpapa indicated the issue was under consideration.
"We think that the testing we have done in market around the Pamu brand indicates that the idea of a change of name for
the organisation and company is probably on the cards," she said.
"At this stage we have launched Pamu, and we are getting some really good feedback domestically and internationally on
that. People understand Pamu. People can immediately pronounce that, it shows origin, it gives a whakapapa to our land
and people, it denotes the move toward an Aotearoa and New Zealand lnc kind of philosophy and nature of the industry, so
it's certainly on the cards."
However she noted that under the SOE Act, a name change was a decision for the government shareholder.
She said Landcorp had "a conversation" with the shareholder about the Pamu strategy and where the company was heading,
but she declined to say if it had made a recommendation on changing the company name.
Landcorp was created out of the Department of Lands and Survey in 1987 and its latest annual report for the year ended
June 30, 2016, showed it farmed 144 properties. Of the total 385,503 hectares, it owned 158,561 hectares and managed
226,942 hectares. In that year, it produced 11,733 tonnes of sheep meat, 9,543 tonnes of beef, 2,026 tonnes of venison,
19,692 tonnes of milk solids, 8.6 tonnes of velvet and 2,762 tonnes of wool.
(BusinessDesk)
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