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StockX say they will reduce wastage and inefficiencies in the current, outdated livestock trading system.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

Featured

Rural Industry Leaders Event Raises $400,000

New Zealand’s rural sector has once again demonstrated its generosity, with the second Rural Industry Leaders Dinner, Debate and Auction raising an impressive $400,000 for the Rural Support Trust.

National

Machinery & Products

Look Beyond Features

Technology adoption on New Zealand dairy farms has accelerated rapidly over the past decade.

» Latest Print Issues Online

The Hound

A Good Start

OPINION: While we're on the topic of lumberjacks, Biosecurity Minister Andrew Hoggard has no doubt used a chainsaw hundreds of…

Smith V Fonterra

OPINION: To a chorus of crying greenies, and not a minute too soon, the Government has moved to put the…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter