Livestock Market Update: Go-Stock removes financial pressure from farm decisions
“When you don’t have a huge amount of capital Go-Stock works beautifully”
Matt Thomas finishes beef and lambs on 230 hectares in South Wairarapa. He uses Go-Stock to remove the financial pressure from farm decisions:
“We finish around 8000 lambs through Go-Stock and use it for around 250 weaner steers.
We started using Go-Stock about five years ago. All the land we farm is leased, so we don’t have a huge amount of capital to underpin the operation, meaning Go-Stock works beautifully.
“For beef, the bank balance can hold you back from making the farming decisions you need to make. Money going out at a crucial time can make life difficult. Because we didn’t have the operating capital to start with, Go-Stock was a perfect fit. With the price of lambs growing, there was no way we could do the numbers that we wanted to do.
“Go-Stock can suit any level of farming, not just those starting out. It’s purely a way to take financial pressure out of decision-making. You can fill gaps at certain times of the year. For us, Go-Stock was a no brainer.”
Since 2016 PGG Wrightson’s Go-Stock has put 1.4 million lambs and 220,000 cattle on farms throughout New Zealand.
Operating for sheep, cattle and now deer, Go-Stock eases cashflow on farm: PGG Wrightson buys the stock and retains ownership, meaning no initial cash outlay for farmers. Farmers then graze and grow the stock before deciding, in conjunction with us, when and where PGG Wrightson will sell them. PGG Wrightson pays any resulting positive trading margin to the farmer, less fees and selling costs.
For more information about Go-Stock speak to your PGG Wrightson livestock representative or click below to visit our website.