Landcorp says drought in Northland is a having a severe impact on its operations in the region.
Apart from one or two pockets, there's been very little rain in Northland since November, triggering a drought declaration by the Government last week.
Landcorp has eight or nine dairy and dry stock farms in Northland .
Chief executive Chris Kelly says they are all affected, with farms closer the coast being hardest hit.
Stock has been moved further south from a dairy farm at Kerikeri and another at Dairy Flat.
Lamb flattening also been affected and lambs have been trucked to the lower North Island.
Mr Kelly says his managers say it's as bad as they seen for many years and it's pretty dire for the average farmer.
In contrast to Northland, Mr Kelly says Landcorp farms in some other parts of the country are having a very good season, particularly at Te Anau.
Landcorp is the biggest farming enterprise in New Zealand.