SELL STOCK EARLY

NZ Lifestyle Block - - Feature - Source:

In the last se­ri­ous dry spell in the Waikato, the cost of small bales of hay shot up from $5-6 to $25+, if you could find it. There was no grass growth – be­cause there was no rain – from Oc­to­ber un­til May, and the feed short­age con­tin­ued un­til the fol­low­ing spring be­cause pas­tures took so long to re­cover.

Re­search into pre­vi­ous droughts shows those who come through th­ese kinds of sit­u­a­tions best and with the high­est in­come are the ones who sell stock early – even at a loss – rather than buy in feed or move stock to agist on an­other property. Sell­ing early at a loss is al­ways more eco­nomic than sell­ing later at a greater loss.

The ear­lier you sell, the more likely you’ll get bet­ter prices be­cause stock will still be in rea­son­able con­di­tion and the mar­ket won’t be as re­ac­tive. You will also then save all the costs of sup­ple­men­tary feed.

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