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Wednesday, 14 October 2015 11:38

Launch of livestock trading platform

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StockX say they will reduce wastage and inefficiencies in the current, outdated livestock trading system.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

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