An initiative that provides sheep and beef farmers with a livestock trading margin* with no initial cash outlay has been re-launched, with greater capacity.
Jamie Molloy, PGG Wrightson National Livestock Supply Chain Manager explains how Go-Stock operates.
“PGG Wrightson buys the stock and retains ownership, meaning no initial cash outlay for farmers using Go-Stock. The farmer grazes and grows the stock, before deciding in conjunction with their PGG Wrightson Livestock rep when and where PGG Wrightson sells them. Go-Lamb contracts are for a maximum of 300 days and Go-Beef contracts are for a maximum of 360 days.”
PGG Wrightson then pays the resulting trading margin to the farmer, less fees and selling costs.
“Go-Stock is simple to set up and easy to use. Initially established in 2015, Go-Stock meets the practical needs of the farmers involved, offering them a simple solution to ease cashflow when trading cattle or sheep. Because it has been so successful, we have significantly increased
Go-Stock’s capacity year on year, making it available to more farmers. PGG Wrightson Go-Stock has purchased 1.2 million lambs and 200,000 head of cattle since inception.”
“Those participating in Go-Stock report that it takes the pressure off decision making, frees cashflow to enable expenditure and expansion elsewhere, and adds value to their business,” he says.
“Go-Stock offers huge flexibility. Go-Stock tallies vary, from a few to thousands, depending on the size of the farming operation, with many farmers having multiple contracts throughout the year. How they use Go-Stock and what they can achieve with it will be different in every case. Its purpose is to remove the barriers that farmers traditionally face around cashflow when procuring trading stock. In conjunction with the PGG Wrightson Livestock rep the farmer decides when and where to sell the Go-Stock, the stock can be sold store or prime, this enables them to better use their capital elsewhere, thereby maximising their farming assets and expertise as required to achieve business objectives,” he says.
For further information on Go-Stock, contact your local PGG Wrightson Livestock representative, email or go online:
*Subject to contract terms.