Halter reports profitable year for NZ operations
Virtual fencing and pasture management company Halter says its NZ operations has delivered a profit of $2.8 million after exclusion of notional items.
Dairy and beef farmers could be eligible for lower interest lending options for financing Halter on their farms, with ANZ, ASB and BNZ now offering a pathway to sustainability loans for New Zealand’s largest virtual fencing provider.
The lending options provide a potential opportunity for greater affordability and access to Halter’s virtual fencing system used by hundreds of farmers and are open to existing and prospective Halter customers who meet eligibility, lending and identification criteria.
The banks’ preferential rates are based on: ANZ’s business green loan floating rates, ASB’s special purpose base rate and BNZ’s reduced floating and fixed rates, tailored to individual clients.
Halter notes that products/rates are subject to change. Lending and eligibility criteria, terms, conditions, and fees may apply.
Farmers also receive a 10% discount from Halter for paying 2-years up front via the sustainability loans, with the flexibility of monthly repayments.
For example, compared to average term loan lending rates, a typical 500 herd dairy farm could save up to $4,700 across two years through a lower interest sustainability loan and Halter discount. This example, for demonstration purposes only, is based on a 6.15% interest rate and 10% Halter discount for 2-year upfront payment terms.
“These offerings unlock pathways to sustainable lending across the lion’s share of rural lenders and is another step towards helping Halter farmers run more productive, sustainable and resilient farms,” says Halter partnerships manager Steve Crowhurst.
“As well as driving farm performance and profitability, Halter is a tool that helps farmers easily deploy sustainable farming practices outlined by industry bodies. Halter incorporates virtual fencing and herding, precision pasture management, and animal health and location monitoring.”
Halter farmers are advancing their sustainability outcomes by reducing fuel through less farm vehicle use (some by up to 47%), increasing pasture harvest and therefore reducing the need for supplements, and reducing nitrogen via more strategic application informed by cow location data.
They can also improve fertility which reduces the number of heifer replacements needed on farm and therefore overall farm emissions.
Halter’s virtual fencing and herding allows farmers to better manage waterways, using the Halter app to easily create grass buffer strips between stock and waterways, keep stock away from critical source areas, move stock off vulnerable areas of the farm at any time during significant weather events, and to reduce pugging.
“We’re excited to have New Zealand’s largest financial institutions acknowledging agritechnology that is driving sustainability on farm,” says Crowhurst.
“Traditionally in the industry we’ve seen sustainability goals in tension with lifting productivity. Farmers can use Halter as a tool to run high performing farms while having the flexibility and bandwidth to farm in a way that mitigates impact on the environment.”
Halter farmers are achieving financial gains by generating more milk in the vat and the potential to achieve better live weight gains.
Farmers interested in these sustainability loans can visit www.HalterHQ.com/financing or speak to their bank’s relationship manager.
Farmers banking with Westpac and Rabobank can also reach out to their relationship manager for alternative lending options for Halter services.
Academic Dr Mike Joy and his employer, Victoria University of Wellington have apologised for his comments suggesting that dairy industry CEOs should be hanged for contributing towards nitrate poisoning of waterways.
Environment Southland's catchment improvement funding is once again available for innovative landowners in need of a boost to get their project going.
The team meeting at the Culverden Hotel was relaxed and open, despite being in the middle of calving when stress levels are at peak levels, especially in bitterly cold and wet conditions like today.
A comment by outspoken academic Dr Mike Joy suggesting that dairy industry leaders should be hanged for nitrate contamination of drinking/groundwater has enraged farmers.
OPINION: The phasing out of copper network from communications is understandable.
Driven by a lifelong passion for animals, Amy Toughey's journey from juggling three jobs with full-time study to working on cutting-edge dairy research trials shows what happens when hard work meets opportunity - and she's only just getting started.
OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having…
OPINION: The Gene Technology Bill has divided the farming community with strong arguments on both the pros and cons of…