BNZ has announced its plans to make a cornerstone 17% investment in cloud-based farm accounting software provider, Figured Ltd.

Online software and a mobile phone app are helping a sheep and beef farmer quickly and easily present data for farm assurance and compliance audits, says the supplier, Farm IQ.

Farmers with multiple farms can now see the consolidated financial position of all those farms together using a new reporting system from CRS Software, Masterton.

Traditional farming challenges are being compounded by recessionary economic conditions and modern farming methods, says Waikato efarming entrepreneur Peter Floyd.

"Pasture management is where the farming system starts," says Morrinsville dairy farmer Johan van Ras. In the order of things it comes before animal health because if you haven't got this right, your business can't perform.