Wednesday, 14 October 2015 11:38

Launch of livestock trading platform

Written by 

A group of Hawke's Bay entrepreneurs have launched StockX, an online rural trading platform for New Zealand farmers.

StockX say they will reduce wastage and inefficiencies in the current, outdated livestock trading system.

The platform says they allow farmers to buy and sell direct, operators to plan and optimise bookings and meat processors to source and buy direct from farmers.

Users have the ability to set up livestock for sale listings and create personalised alerts for listings of interest. Unique to this area, banking is managed through a trust account to ensure security of funds between buyer and seller.

StockX says costs are reduced through direct transactions, value is gained through access to a wider market and relationships and knowledge are built across the whole supply chain.

Managing director Jason Roebuck says "StockX offers farmers choice and control over a key activity in their farming business. Of significant interest to farmers will be the capacity to choose when and whom they sell."

More like this

Faster internet speed

Rural internet suppliers have improved their time-of-day (TOD) performance over the last 12 months, now matching ADSL and VDSL in urban areas.

Federated Farmers team up with StockX

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.

Featured

 

Back the sector that backs NZ

OPINION: The biggest issue currently facing our industry is environmental policy, writes Beef+Lamb NZ chief executive Sam McIvor.

National

Lamb price down, but not weak

While lamb prices are starting the new season at around 16% below last year’s levels, they are not outright weak,…

Quota split a major worry

New Zealand meat exporters want the EU and UK to get serious on reaching a deal on post-Brexit quotas.

NZ meat exports at risk

Nearly half of our country’s meat exports are at risk unless there is urgent action by government to allow migrant…

Machinery & Products

Claas cargo wagon

CLAAS has extended the versatility, productivity and user comfort of its CARGOS dual purpose transport wagons with the addition of…

These tractors are pumping

CLAAS has announced it will introduce a new automatic tyre inflation system across its AXION and ARION series of tractors.

Great hay cut at speed

Contractors and farmers on the lookout to mow and condition at higher speeds, while producing better quality hay and forage,…

Fendt enters NZ harvest market

Farm machinery brand Fendt has expanded into the harvester market in Australia and New Zealand, with is Ideal combine harvester.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

He's back!

OPINION: This old mutt understands that former Fonterra chief executive Theo Spierings has landed himself a new gig back in his…

Utu?

OPINION: Your canine crusader understands that the farmer’s favourite politician – Environment Minister David Parker – not content with implementing…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter