Virtual fencing boosts grazing efficiency at Rotorua’s Stokman Angus
Nestled in Waikite Valley in Rotorua, Stokman Angus is one of the first beef farms in New Zealand to try virtual fencing technology.
 During the year, Halter USA forgave debt worth $51 million from Halter Ltd in a non-cash transaction.
		  	
		  
		  		  
		  During the year, Halter USA forgave debt worth $51 million from Halter Ltd in a non-cash transaction.
		  
		  
		  
	  Virtual fencing and pasture management company Halter says its NZ operations has delivered a profit of $2.8 million after exclusion of notional items.
In a statement the company says Halter’s return included notional revenue of $51.7 million during the year, almost all of which related to inter-company loan forgiveness from its US parent, Halter USA Inc. During the year, Halter USA forgave debt worth $51 million from Halter Ltd in a non-cash transaction.
“This debt is related to historical funding provided by the parent entity to support the growth of the New Zealand operations.”
Halter NZ paid $1 million in tax for the period, reflecting the company’s growth. The company says it added 60 new employees in New Zealand during the year and deployed over 127,000 new collars in the market.
Halter is currently hiring more than 50 additional roles in New Zealand across engineering, sales and support to drive continued growth and innovation in New Zealand and international markets.
Commenting on the result, Halter chief executive Craig Piggott says that it’s fantastic to see the New Zealand operation continuing to thrive in 2025.
“This has already been a huge year for Halter, and we’re only half-way through. Our mission is to help create more efficient and sustainable farms, and we will continue to put farmers at the centre of everything we do.”
The company has filed its latest financial statements to the Companies Office – the results are only for the NZ operation and contain one side of intercompany transactions. “They do not represent the overall performance of the Halter group,” it says.
New Zealand external subscription revenues were up 45% from $24.9 million to $35.9 million, as Halter continues to expand its customer base, while total revenue fell compared to the previous year, reflecting a lower level of support required from the Halter group.
The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.
The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.
Rural retailer Farmlands has reported a return to profitability, something the co-operative says shows clear progress in the second year of its five-year strategy.

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