FAQs
Why list with MyLiveStock and the Allied Farmers Livestock network?
MyLiveStock promotes your stock to a nationwide buyer network rather than just to your local region. With more buyers, you’re likely to get a better price.
MyLiveStock also gives you access to the Allied Farmers Livestock network, our flexible livestock marketing solutions, and our experienced livestock agents.
We specialise in dairy — and we already have a significant share of nationwide dairy herd sales.
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Why list my stock on a website when I can sell through my existing agent?
MyLiveStock offers you the best of both worlds — an Allied Farmers Livestock agent plus broader marketing, promotion, and exposure of your stock for sale. Registered buyers from around New Zealand are searching for stock. Tap into a nationwide market rather than relying solely on local buyers.
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Why do I need to register to view, buy or sell stock?
Our short and simple registration allows genuine buyers and sellers to view, bid or list stock. All details are kept confidential in line with our privacy policy.
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Can I promote my stock for sale privately as well as on MyLiveStock.co.nz?
If you list under Tender or SMA, you can’t sell the stock on your own behalf during the agreed listing period. If you attract a buyer for your stock during this period, they must either bid for the stock on MyLiveStock (if Tender) or contact the Allied Farmers Livestock agent to register interest (if SMA).
If your stock is an Open Listing, you’re able to sell privately.
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How do I list stock for sale?
Click on the sell stock option, register, and submit your listing details. An Allied Farmers Livestock agent will contact you to discuss listing options, price and timeframe. Allied Farmers agents manage all the technical listing requirements.
You decide which listing option to use.
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What listing option will get me the best price?
There are three listing options — Tender, Sole Marketing Agency (SMA) and Open Listing. Your Allied Farmers Livestock agent can discuss benefits of these different options.
Generally, Tender and SMA listings receive the most advertising and promotional support. This includes communications that advise members of current stock for sale — which can lead to an improved price for you.
SMA listings receive nationwide marketing. All negotiations are handled by an Allied Farmers Livestock agent.
Open Listings receive limited marketing support, but they still have nationwide listing details available on MyLiveStock.co.nz.
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How does a Tender listing actually work?
Sellers set a reserve price and tender period with their Allied Farmers Livestock agent.
MyLiveStock members place live bids on stock and receive email and text updates if they’re outbid. There is no limit on the number of people who may tender for stock.
On the tender closing date, the Allied Farmers Livestock agent will discuss the bids you’ve received. Sellers can accept or reject the highest (or any) bid. Subject to you accepting the highest (or any) bid, the agent completes the sale contract details with the successful bidder.
On the agreed date the stock is delivered noting an inspection must take place prior to delivery as payment is due on delivery/settlement date.
Tenders encourage the best solution for both parties. Sellers receive and buyers pay market price for their stock. Buyers have control over how much they’re prepared to pay for good stock. Good-quality stock is hard to find, so tendering encourages buyers to pay for quality.
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How long can I tender my herd for?
At the listing stage, your Allied Farmers livestock agent will recommend a tender period. Shorter tenders are usually best as they have a definitive cut-off period for buyers — and this creates a sense of urgency. Longer tender periods tend to attract less interest or bid activity. Buyers are in the market to purchase stock now, not in a few months’ time.
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How do I know the bids are ‘real’?
Only members can bid on MyLiveStock. Members agree to terms and conditions of registration, which include their legal commitment to purchase if the seller accepts a bid and they’re the successful bidder at the conclusion of a tender.
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What if I change my mind halfway through my tender?
Sellers can change the term of the tender at any time. Any change is updated on MyLiveStock, and any bidders are sent an email and/or text advising of the change.
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What happens if there are no bids at the end of the tender?
The Allied Farmers Livestock agent will be in contact when the tender period expires. If your tender’s been unsuccessful, they’ll discuss re-listing under Tender — and also alternative listing options.
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How do I place a bid?
Once you’ve registered, click on the stock you wish to bid for. In the ‘place bid’ area, enter the dollar amount per head you wish to bid. A confirmation page will appear showing the amount of your bid and requesting you click ‘confirm bid’. Once you’ve ‘confirmed’, your bid will be available for other members to see. If your bid is accepted by the seller, you’re legally obliged to complete the transaction at that price.
You can choose to receive email and text updates if you’re outbid.
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What if I make a mistake in my bid?
A confirmation page will appear once you’ve placed your bid. If the amount is incorrect, you can change it and a subsequent confirmation page will appear.
By clicking ‘confirm bid’ you’re committing yourself to the amount entered.
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If I have the highest bid at the end of the tender and it’s accepted, am I legally required to purchase?
Yes. Your membership terms and conditions require that you purchase the stock.
But any stock you buy is available for inspection, to ensure it meets the listed details.
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Who handles the sale process?
In Tender listings, an Allied Farmers Livestock agent meets with the seller and loads all information on to MyLiveStock. The agent is then available to answer questions throughout the tender process. At the successful conclusion of a tender, the agent completes the contract details with both parties.
In SMA or Open Listings, the agent is involved in negotiating price and completing the contract details once the sale is concluded.
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When do I get paid?
Payment is due on the delivery date, inspection of the stock have been undertaken prior.
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Who pays for transport of the stock?
The purchaser meets all transport costs associated with stock delivery.
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Is there a fee for stock sale?
Allied Farmers charges a fee to the seller only at the completion of a successful sale. There are no listing or advertising fees.
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