Hugh Stringleman Northland’s showplace high-input dairy farm, Okaihau Pastoral Ltd, was profitable in the 2015-16 season when most dairy farms nationwide made a loss. It generated $1429/hectare operating profit ($455/cow) and made 3.2% return on capital (ROC), when the Northland average was only 0.2%. That was the season with the lowest inflation-adjusted payout of modern...