Allied Farmers Expects Lift In Dairy Listings

Allied Farmers Expects Lift In Dairy Listings And Prices On Mylivestock.co.nz

Allied Farmers sees the recent increase in Fonterra payout projection as positive news for farmers and will bode well for rural services companies after a tough period of trading.

“General trading conditions have been tight over the past four months, influenced by factors such as the Announcement in May of a $4.55 payout,” said Group Chief Executive Paul Macfie.

“Renewed optimism has crept in of late together with a lift in dairy prices. Yesterday’s announcement will cement this gain and flow on to positive gains in the companies commission earnings. We would expect to see stock prices ease upward and more dairy stock in particular being listed on MyLiveStock.co.nz.”

One month after adding beef and sheep listings to the MyLiveStock.co.nz site, Allied Farmers is reporting a positive response from farmers across the country.

“Over 4,000 head of beef stock were listed in the first month. Given the launch was during August, this is a strong result so early on in the season. There were an additional 4,100 head of stock listed as ‘wanted to buy’, which has kept our agents focused on sourcing sellers to fulfill demand.

“The site experienced a large increase in activity whilst maintaining an average time on site of nearly 7 minutes. This tells us we have the right content for the market. Farmers are coming to the site in their own time and then using it to narrow down their search before making contact with our agents.

“As we enter the main sheep and beef trading season and with buoyed optimism from an increased payout to dairy farmers, we look forward to increased activity on MyLiveStock. Weekly sale yard stock reports available on the site will also help farmers keep on top of prices,” Mr Macfie said.

ENDS

© Scoop Media