Go-Stock easing cash flow for farmers across the country
Go to solution during the times of the year when there are better ways to use capital – a no-brainer for Hamish, and many other farmers
Since 2016 Go-Stock, PGG Wrightson’s easy solution for on-farm cash flow, has put 1.5 million lambs and 230,000 cattle onto New Zealand farms.
With Go-Stock, PGG Wrightson buys the stock and retains ownership. When there are better uses for their capital, that means farmers do not need to spend cash up front. Farmers then take, graze and grow the stock. When the stock are ready to take to market the farmer, with our guidance, decides when and where PGG Wrightson will sell them. Any resulting positive trading margin is then paid to the farmer by PGG Wrightson, less fees and selling costs.
Hamish Orbell owns and farms 4100 hectare Clayton Station in the Fairlie Basin farming deer, cattle and sheep: mainly store stock.
“We have used Go-Stock for four years, generally to match those low cash flow times of the year. We started with bulls for the dairy industry, buying in bulls in November when most of our income is from velvet, therefore limiting our spending power. We raise those bulls through a full year then sell them back into the dairy industry.
“For our sheep, we wanted a crossbred to improve our wool. We looked at buying 800 half bred ewe hoggets, which fitted Go-Stock extremely well when we had contracts to sell lambs in January, February and March.
“Then on the deer side of things we wanted to look at genetics, though at a time of year when we didn’t have huge cash flow. A lot of our cash flow comes in late summer and early autumn. For the rest of the time, when cash flow is tight, Go-Stock is a no brainer for us,” he says
Go-Stock is an option for sheep, cattle and deer, while a Go-Stock Dairy offer is coming soon.
For more information about Go Stock speak to your PGG Wrightson livestock representative, here.