We’ve seen cars, bikes, bags, even dogs as part of ever-expanding popularity of rental schemes, but this is the first cow-rental plan we’ve encountered! New Zealand agricultural provider and finance company PGG Wrightson have launched a new livestock leasing plan to help farmers combat the rising price of dairy cows.

PGG Wrightson finance general manager Peter Engel said New Zealand had 3.92 million cows, worth about $7.83b. In the last 12 months, the value of a single dairy cow has risen from $1250 to $2000, making the capital value of an average dairy herd worth around $700,000.

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