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Speaker 1: If you haven't heard of the company Halter, remember that

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Speaker 1: name because this could be our next key, big key

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Speaker 1: we invention that's going to go bank gangbusters. The company

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Speaker 1: just raised one hundred and sixty five million dollars in

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Speaker 1: a funding round. Halter is now valued at a billion

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Speaker 1: US dollars, so that's one point sixty five billion New

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Speaker 1: Zealand dollars. They managed to secure backing from tech investment

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Speaker 1: company Bond, which also backed the likes of Airbnb, Facebook,

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Speaker 1: and Spotify. And Craig Pigot is the founder and CEO

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Speaker 1: of Halter and with us.

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Speaker 2: Now, Hey Craig, good evening, Thanks having me.

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Speaker 1: Yeah, thanks for coming in. Now, just explain to me

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Speaker 1: what you guys do is you put a little like

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Speaker 1: thing around the neck of the cow and basically create

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Speaker 1: an electronic fence where a fence doesn't exist yet.

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Speaker 2: Yeah, we're a system for a pasture based farm. So

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Speaker 2: I think Dario be farmers on grasse with a collar

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Speaker 2: for a cow, an app on a farmer's phone and

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Speaker 2: that collar trainscales to response to Q so we can

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Speaker 2: fence and shift them. Howse farmers run and more productive

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Speaker 2: and sustainable farm.

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Speaker 1: Does this farmer not have to go out of mustard.

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Speaker 1: Then they could just basically shift them with the collars.

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Speaker 2: Yes, they can do it all through through halter.

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Speaker 1: Yeah, but how does the cow now would direction.

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Speaker 2: To go in? Yeah, so the cow listens to the collar.

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Speaker 2: It has like primary queues, which is sound vibration, and

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Speaker 2: so the cow kind of learns to respond to the

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Speaker 2: sound of the collar instead of visually seeing the fences

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Speaker 2: that exist today.

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Speaker 1: Yeah, can you so it will know where the fence

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Speaker 1: is right, so it will know I can't go there

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Speaker 1: because the fence is there. Yes, but when you want

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Speaker 1: to shift them, so you've created a little electronic paddock,

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Speaker 1: Now you want to shift them to another electronic padder,

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Speaker 1: can you get them to move down the hill?

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Speaker 2: It's actually like the same way we tell a cow

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Speaker 2: or guide a cow if they interact with a fence.

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Speaker 2: So if they come into a fence and kind of

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Speaker 2: we give them feedback on left and right, and it's

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Speaker 2: the same way if we're we're shifting a cow. And

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Speaker 2: that's also where we use a vibration vibration queue to

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Speaker 2: help reinforce the right way and which way they should

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Speaker 2: be walking.

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Speaker 1: So so so if they're walking in the right direction, they

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Speaker 1: will know because if they're walking in the wrong direction,

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Speaker 1: the collar will tell them yes.

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Speaker 2: Yeah.

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Speaker 1: So why is this taking off? Because it's I mean,

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Speaker 1: obviously it's going to make the job a hell of

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Speaker 1: a lot easier, isn't it. And you're not going to

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Speaker 1: have that infrastructure costs of fencing.

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Speaker 2: I think the farming is I think just such a

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Speaker 2: critical role to a like New Zealand's economy, but also

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Speaker 2: around the world. And so when you can build a

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Speaker 2: product which helps farmers like at the heart of what

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Speaker 2: they do, which is trying to lift the productivity of

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Speaker 2: their land, then you know, those are important jobs focused

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Speaker 2: on for farmers. And so like my background and I

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Speaker 2: grew up farming, and I think that's why we you know,

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Speaker 2: that was kind of our I guess initial idea was

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Speaker 2: like we need to focus on productivity and kind of

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Speaker 2: the key parts of how you run a farm, and

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Speaker 2: and that's what the products become today.

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Speaker 1: So does this free up time?

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Speaker 2: Yes, yep, it does. It automates a bunch of you

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Speaker 2: don't have to put up fences of shift cow, so

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Speaker 2: you save time on that. But then it also enables

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Speaker 2: you to be slightly more precise, so you can therefore

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Speaker 2: lift the productivity of your pasture in your land.

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Speaker 1: Do you have set up costs? Because I haven't read

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Speaker 1: the article, it seems that you have some sort of

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Speaker 1: like you have some sort of transmission that you require, right,

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Speaker 1: So is that quite a big investment?

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Speaker 2: It's actually it used to be once upon a time,

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Speaker 2: but these days we do put towers up on farms,

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Speaker 2: but they come in a cardboard box. Farmers clip them

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Speaker 2: together like really lego. And I think the record to

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Speaker 2: put up a tower is like twenty minutes or fifteen

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Speaker 2: minutes or something. Stop it.

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Speaker 1: And how much are they worth?

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Speaker 2: The towers they come as part of like and we

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Speaker 2: do like we map the farm and we give the

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Speaker 2: farmer maybe three or four towers, and so they paying

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Speaker 2: one off kind of installation fee depends on the size

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Speaker 2: of the farm and where they are. I think.

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Speaker 1: Is that okay? So you have got currently in your

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Speaker 1: fences quarter of a million cows? How many cows they're

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Speaker 1: in the world.

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Speaker 2: We crossed the two hundred and fifty thousand cow milestone

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Speaker 2: I think towards the end of last year and been

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Speaker 2: growing kind of since then, and the world there's about

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Speaker 2: three hundred and fifty million, So hush, best cows.

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Speaker 1: No end of expansionary opportunities here for you.

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Speaker 2: Agriculture is obviously like a massive industry, and so yeah,

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Speaker 2: we have a long way to go. We feel like

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Speaker 2: we are just getting started on the on the journey

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Speaker 2: and on the mission, and we're excited if we take

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Speaker 2: the impact we're seen on our customers today and just

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Speaker 2: how they are lifting their productivity and sustainability and saving

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Speaker 2: time and it's better for the farmers and the land

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Speaker 2: and the cows, and trying to scale that through new

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Speaker 2: markets and things of that. We are excited to keep

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Speaker 2: kind of pushing that.

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Speaker 1: Credit for what do you think you are? You're the

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Speaker 1: next what?

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Speaker 2: That's a big question, m I think we these are

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Speaker 2: like heaps of so many cool companies I think out

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Speaker 2: there having a huge, huge impact. And so obviously I

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Speaker 2: spent some time in rock Lab and really at my

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Speaker 2: opedia Beck and he's been instrumental and helping to build

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Speaker 2: Holter and just I couldn't be more grateful to Pete.

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Speaker 2: But I think for us, we just.

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Speaker 3: Focused on farmers and ag and that industry and where

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Speaker 3: where was the farm that you grew up on? I

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Speaker 3: grew up in moronsall, well, actually all around the South

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Speaker 3: WAK I do, but Moronsville was. It's where my parents

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Speaker 3: are today, and it's whether everything kind of started.

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Speaker 1: Have the parents got this on the farm.

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Speaker 2: They were the first customer for sure?

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Speaker 1: How old are you, Gray?

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Speaker 2: I am thirty one.

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Speaker 1: Oh, I see heaps behind college.

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Speaker 2: Yeah we didn't. There was no overlap with Jacinda.

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Speaker 1: But well maybe if you you know what, you could

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Speaker 1: be the most famous Moronsville guy if you keep going

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Speaker 1: at this. Craig, thank you very much for coming in.

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Speaker 1: I really appreciate your time.

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Speaker 2: Mate.

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Speaker 1: That's Craig Pigott, founder and CEO of Halter Remember the Name.

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