GO-STOCK, an initiative cashflow solution that provides sheep, beef, dairy, and deer farmers with a livestock trading margin* with no initial cash outlay, has been relaunched with greater capacity.

Jamie Molloy, PGG Wrightson (PGW) National Livestock Supply Chain Manager, explains how this alternative to livestock finance works.

PGG Wrightson buys the stock and retains ownership. The farmer grazes and grows the stock before deciding, in conjunction with their PGW Livestock Rep, when and where PGG Wrightson sells them.

The stock can be sold store or prime; this enables better use of capital elsewhere, maximising farming assets and expertise as required to achieve business objectives. PGW then pays the resulting trading margin to the farmer, less fees and selling costs.

GO-STOCK contracts for sheep are a maximum of 300 days. Contracts for other stock types are a maximum of 360 days.

“GO-STOCK is simple to set up and easy to use. Initially established in 2015, it meets the practical needs of farmers, offering a simple solution to ease cashflow when trading cattle, deer, 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 has purchased 1.2 million lambs and 200,000 head of cattle through GO-STOCK to date, since its inception.

“GO-STOCK farmers report that it takes the pressure off decision-making, frees up cashflow to enable expenditure and expansion elsewhere, and adds value to their business,” Jamie 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,” he continues.

For more information about GO-STOCK, talk to your local PGG Wrightson Livestock Rep or enquire with our GO-STOCK team today.

_{*Subject to contract terms.}