In February’s Country Wide Dunedin-based agricultural economist Ray Macleod argued it was time for Landcorp (Pamu) to sell its farms. Pamu chief financial officer Steve McJorrow responds. There are many inaccuracies in Ray Macleod’s article, but I will pick up just a few examples. Our EBITDAR/Assets ratio (excluding asset revaluations) is 4.3%, and not the...