Farmers embrace online bidding
When the door slammed shut on New Zealand in March 2020 it also closed the gate to one of the viability fundamentals of the country’s livestock industry – stock auctions.
A record number of farmers took part in the largest service bull sale in New Zealand – many from the comfort of their own homes.
This year’s Huntly bull sale marked 14 years since friends Dave MacKenzie and Greg Straker combined forces to provide farmers with access to quality grade beef and dairy bulls.
MacKenzie recalls that the sale quickly became renowned for bulls which were well grown and provided the breed diversity dairy farmers were after.
“Until this year the NZ Farmers Livestock auction has meant that bidders needed to be ringside – but this year farmers were able to register to bid online via our hybrid auction platform which enables ring-side and online bidding.”
NZ Farmers Livestock general manager Bill Sweeney said the sale was very successful “with return buyers and around 100 registered buyers. Around 440 2yr bulls in outstanding condition and with excellent temperament went under the hammer”.
“The top Herefords realised up to $2,800 with an average of $2,400 while the average for Angus and Jersey was $2,300 and $1,950 respectively – up slightly on the prices achieved last year. Buyers were from as far away as Otago and Whangarei,” Bill Sweeney said.
According to the latest Federated Farmers banking survey, farmers are more satisfied with their bank and less under pressure, however, the sector is well short of confidence levels seen last decade.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.