Wednesday, 21 December 2016 09:55

Federated Farmers team up with StockX

Written by 
Feds chief executive Graham Smith. Feds chief executive Graham Smith.

Federated Farmers says helping its members save money and easily and securely trade stock online is behind its decision to sign a partnership with StockX.

“The trend for business transactions to be done online is accelerating and it’s no different in farming,” Feds chief executive Graham Smith says.

“Farmers are up against adverse weather, roller-coaster financial and export market trading conditions, and waves of new regulations. Every dollar counts and StockX delivers a digital platform that gives farmers more flexibility,” he adds.

Smith says Federated Farmers is improving its own digital set-up and is pleased to partner with StockX.

Since StockX launched about a year ago at least 1500 farmers nationwide have registered to trade livestock. It’s free to register and list livestock for sale or purchase. The only cost is 2.5% commission on sales.

Its digital platform enables farmers to extend their sale or purchasing reach beyond their own district and pay lower commissions and fees.

North Canterbury farmer Dan Hodgen says he had heard StockX is “straightforward to use and provides a level of security without an over-the-top cost”.

Hodgen, Feds meat & fibre spokesman for North Canterbury, says he learned about this when drought forced him to look to the North Island to sell his lambs.

He was told there was no demand, but StockX enabled him to test that for himself.

“You’re chasing best value and the biggest thing is that it opens more doors. You’re accessing a wider market than perhaps your agent wants to deal with.”

StockX managing director Jason Roebuck says linking with Federated Farmers is fantastic.

More like this

Winds a major blow

Farmers with irrigators blown over and damaged in a pair of back-to-back windstorms may not get them working again this side of Christmas, according to Mid-Canterbury Federated Farmers president David Clark.

Visa roadblock!

Visa applications for migrant dairy workers are being declined over a contentious 40-hour working week requirement by the Government.

Wait on RMA reforms - Feds

Federated Farmers is urging the Government not to try and push through radical reforms of the Resource Management Act (RMA) during the current pandemic.

National

Ice broken on an old problem

Three enterprising Mackenzie College (Fairlie) students may well have come up with the perfect solution to an age-old problem of…

Cruel April Fool's joke!

In an ironic twist, the Government has pushed back the date of its so-called 'ute tax' or feebate scheme to…

Crossing the border with ease

South Auckland dairy farmer Brian Gallagher says the system that allows him and his staff to cross the border from…

Will Aussies buy Fonterra?

A planned public listing of Fonterra’s Australian business will attract investors, including dairy farmers, claims Freshagenda analyst Steve Spencer.

Machinery & Products

Keeping everyone safe

As tractors get larger and front linkage kits become more common, many have started fitting underrun or collision protection systems.

Keeping stock and drivers safe

Livestock haulers are a crucial link in the New Zealand agriculture supply chain, transporting stock onto or between farms, to…

Making lamb marking easy

Designed by a sheep and beef farmer, Vetmarkers are made in New Zealand and sold around the world.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Lock him up!

OPINION: This old mutt notes that Geoff Reid, an 'environmental activist' - whose activism appears to be limited to surreptitiously…

Milking it?

OPINION: Your canine crusader understands members of the 'strategic groups' invoked in the Government-backed 'Fit for a Better World' programme…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter