Heartland Bank’s head of rural, Ben Russell, said 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,” Russell said. “And after making their calculations, users can export the result via email for future reference.”
Head of NZX Agri, Jeremy Anderson said 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.”
