Wednesday, 21 December 2016 09:55

Federated Farmers team up with StockX

Written by 
Feds chief executive Graham Smith. Feds chief executive Graham Smith.

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.

“The trend for business transactions to be done online is accelerating and it’s no different in farming,” Feds chief executive Graham Smith says.

“Farmers are up against adverse weather, roller-coaster financial and export market trading conditions, and waves of new regulations. Every dollar counts and StockX delivers a digital platform that gives farmers more flexibility,” he adds.

Smith says Federated Farmers is improving its own digital set-up and is pleased to partner with StockX.

Since StockX launched about a year ago at least 1500 farmers nationwide have registered to trade livestock. It’s free to register and list livestock for sale or purchase. The only cost is 2.5% commission on sales.

Its digital platform enables farmers to extend their sale or purchasing reach beyond their own district and pay lower commissions and fees.

North Canterbury farmer Dan Hodgen says he had heard StockX is “straightforward to use and provides a level of security without an over-the-top cost”.

Hodgen, Feds meat & fibre spokesman for North Canterbury, says he learned about this when drought forced him to look to the North Island to sell his lambs.

He was told there was no demand, but StockX enabled him to test that for himself.

“You’re chasing best value and the biggest thing is that it opens more doors. You’re accessing a wider market than perhaps your agent wants to deal with.”

StockX managing director Jason Roebuck says linking with Federated Farmers is fantastic.

More like this

Featured

Parker dropped the EU FTA ball – Nats

Don’t blame the European Union for its “unacceptable” offer to NZ agriculture in current FTA negotiations, blame David Parker, says National's trade spokesman.

 

Grief over grain drain

A whole generation of farmers don’t seem to know about the advantages of feeding NZ-grown grain to livestock, claims Jeremy Talbot.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Fat chance

OPINION: This old mutt has always believed that any hopes of a possible free trade deal – that is any…

Health & safety?

OPINION: WorkSafe and workplace safety legislation dominate the daily operations of the private sector, including farms.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter

Popular Reads

Honda to quit ATVs in Aus

Honda Australia has signalled it will stop selling quads/ATVs in that country as the discussion about the effectiveness of Crush…