It is tough times for the country's largest farming operator Landcorp.
Profits have plunged at the Government-owned business.
Its net operating profit fell 84 percent to $4.9 million, thanks to lower milk and lamb prices.
Its after-tax profit dropped to a loss of $20 million. That was due to unrealised revaluations on livestock, financial derivatives and land.
The Government says the result is disappointing, and admits Landcorp may not show a profit for the next few years.
Opposition parties say it could be another Solid Energy.
Watch the video for the full chat with Tony Field.
