Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Heartland Bank and AgriHQ launch free online livestock tool

23 May 2017

Heartland Bank and AgriHQ launch free online livestock finisher tool

Heartland Bank Limited (Heartland Bank) (NZX: HBL) and NZX subsidiary, AgriHQ have launched a free online livestock finisher tool, AgriHQ Finisher (www.agrihq.co.nz/finisher) to assist sheep and beef farmers to calculate the potential trading margin after finishing any livestock they are considering buying.

Heartland Bank’s Head of Rural, Ben Russell, says the old adage ‘information is power’ is particularly true in this instance.

“With store livestock prices at historically high levels, the arrival of AgriHQ Finisher couldn’t be better timed.

“Information is crucial for farmers to make the best buying decisions and Heartland Bank is delighted to partner with AgriHQ to bring this unique tool to farmers for free.

AgriHQ Finisher complements Heartland Bank’s online lending platform www.openforlivestock.co.nz which is able to give farmers a decision on their loan application in seconds,” he says.

To calculate forecast trading margin, the tool factors in a number of variables including: implied slaughter prices, number of growing days, target weight, live weight gain, killing-out percentage, transport and other associated costs.

“The tool was designed with ease of use in mind and allows users to quickly make calculations while they’re at the sale yards or out on the farm,” adds Russell. “And after making their calculations, users can export the result via email for future reference.”



Head of NZX Agri, Jeremy Anderson says the AgriHQ Finisher tool is the latest in a number of tools AgriHQ has brought to market.

“I’m excited about the addition of the Finisher calculator to AgriHQ’s growing stable of industry tools. This sits alongside our Milk Production Predictor and Farmgate Milk Calculator, all designed to support Kiwi farmers to make the best decisions.”

Ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Oil Exploration: Chevron, Equinor Depart NZ

Chevron and Norwegian oil giant Equinor have opted to abandon their joint exploration efforts off the east coast of the North Island... Chevron said the decision not to proceed with the next five-year stage of their work programmes was based on the firms’ broader portfolio considerations and not “policy or regulatory concerns.” More>>

ALSO:

Reference Group Proposal: Motorists, MTI Support Ban On Less Safe Car Imports

A proposal to ban some used car models from being imported into New Zealand is being welcomed by the Motor Industry Association, which says Japan's scraps are being sent here for waste disposal. More>>

ALSO:

Gordon Campbell: On Asking The Banks To Be Nicer To Farmers

Few would begrudge the idea that banks should be made to act more humanely – given the obscene profits that the Aussie banks are extracting annually from New Zealand, they can surely afford to cut some slack. More>>

ALSO:

Wider Net Ban, Other Threats: Plan To Expand Protection For Maui And Hector’s Dolphins

The Government is taking action to expand and strengthen the protection for Māui and Hector’s dolphins with an updated plan to deal with threats to these native marine mammals. More>>

ALSO: