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Livestock Market Update: Financing bulls with no upfront cost
19 August 2021

Livestock Market Update: Financing bulls with no upfront cost

Defer-A-Bull helps South Otago sharemilker meet bull team cashflow challenge.

Through September and October with hybrid bidr® and on-farm sales, the yearling bull sale season is a prompt for many farmers to apply for a PGG Wrightson Defer-A-Bull purchase agreement. Defer-A-Bull is a proven winner, providing an ideal opportunity to finance a bull team with no upfront cost and no re-payments until the bulls are sold.

Some farmers have subscribed to Defer-A-Bull for ten years and longer. It offers an ideal opportunity to secure capital to fund annual bull purchases. With Defer-A-Bull farmers can invest in a bull team when they need it, without putting pressure on funds when cashflow can be tight.

Kevin Louw is a 50-50 sharemilker with 650 cows, farming in Paratai, South Otago. After a recommendation from PGG Wrightson Livestock Central Otago Dairy Representative Paul Anthony, Kevin has used Defer-A-Bull for several years, and is fully sold on it.

“As a sharemilker, running a team of bulls each year can be challenging. I’ve tried going AB exclusively, and the empty rate was much higher than I wanted, which leads to lost productivity. 

“To use a full complement of bulls, with separate teams alternating night and day, ensuring they have enough rest and can do their job properly without going lame or becoming exhausted, is expensive. As a sharemilker that throws up a cashflow problem that is impossible to budget for. I need 20 bulls to maximise my in-calf cows, which requires a cash outlay of around $50,000, and there is no way I could do that.

“We looked at Defer-A-Bull as an option. With PGG Wrightson behind it, you know they will source stock from reputable buyers, which mitigates the risk of buying inadequate bulls.

“After they’ve finished, the bulls come out for two to three weeks, we freshen them up, then send them off to the works. PGG Wrightson takes their money, and you get an account for the balance. It’s never a major shock, and you end up with a far lower empty rate, which of course helps profitability.

“Defer-A-Bull allows me to follow best practice managing my bull teams. I want to do that properly: for cashflow reasons I wouldn’t be able to do it any other way.” 

For more information on Defer-A-Bull talk to your local PGG Wrightson rep.

Jamie Cunninghame, PGG Wrightson National Dairy Livestock Manager

Livestock Market Update: Defer-a-Bull campaign artwork

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Livestock Market Update: First ever fully online bull semen sale coming soon

19 August 2021

New opportunity to access quality cattle genetics.

In co-operation with bidr® PGG Wrightson takes the first step in a new genetics initiative on 7 September, with a fully online bull semen sale. 

Various beef studs around New Zealand, incorporating all breeds, are putting up packages from some of their best bulls. This will be a new option to source good quality genetics at competitive rates, promising a wide variety of genetics and EBVs to suit, and therefore something to appeal to breeders, beef and dairy farmers alike.

Plenty of people are now using artificial insemination to add value and advance the genetics of their herds. With the convenience and competition of an online auction, this event will be an easy, low cost, minimum stress way to access the genetic material to achieve just that.

For more information or to list semen for sale, contact Callum Stewart 027 280 2688, and to attend the auction, visit https://bidr.co.nz/auction/819 on Tuesday 7 September at 7:00pm. 

Callum Stewart, PGG Wrightson Livestock National Genetics Manager 

Livestock Market Update: Go-Stock offers an easy alternative to procuring stock

19 August 2021

“Not seeing that big cost go out when the truck brings in the lambs is a good feeling"

Over the past five years PGG Wrightson’s Go-Stock has put 1.5 million lambs and 230,000 cattle on farms throughout New Zealand.

Go-Stock eases cashflow on farm: PGG Wrightson buys the stock and retains ownership, meaning no initial outlay for farmers, who are then free to use capital elsewhere. Farmers then graze and grow the stock before deciding, with our guidance, when and where PGG Wrightson will sell them. PGG Wrightson pays any resulting positive trading margin to the farmer, less fees and selling costs.

Arthur Pearce has 100 hectares at Templeton, just south of Christchurch, which he runs as a mixed cropping farm, including finishing lambs. He has found Go-Stock beneficial with the lambs.

“We use it as an alternative to procuring stock. Go-Stock is an easy way to do it, meaning you don’t have to look at an overdraft month by month. You fill in some simple paperwork and the next thing you know, the lambs arrive.

“Not seeing that big cost go out when the truck brings in the lambs is a good feeling. We use Go-Stock to free up capital so we can do other things. It’s an easy way to stock our property, without the worry of paying for them,” says Arthur.

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.

Livestock Market Update: Go-Stock Article Find out more tile

Livestock Market Update: Saleyards going online

19 August 2021

bidr® now livestreaming sales at selected saleyards, with more to follow.

After its launch in 2019 as a purely online trading platform, following the COVID lockdown last year, bidr® introduced its hybrid livestreamed product for on-farm auctions. This provided a fully integrated online bidding platform alongside traditional livestock auctions. That has continued this year with particular success in Genetics as both buyers and sellers benefit from this flexible combined method of sale.

With the introduction of livestreaming at key saleyards, on-site and online livestock trading is now set to become more available for commercial livestock. bidr® now hosts the action from Feilding Saleyards Store Cattle online, allowing users to view the regular sales every Friday, bidding remotely if they choose.

Providing the ability for online bidders to participate in more sales, at more saleyards, bidr’s technology now presents the flexibility to offer the platform at any saleyard throughout the country.

To find out more about bidr®, contact a member of the bidr® team here.

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