Nuffield NZ Farming Scholarship

2021 Scholar

David Eade

David's Aha Moment

David’s interviews kept producing the same loop. Thin margins mean no money for staff, which means the owner does the work, which means no time to understand the regulation everyone is frightened of. The thing that might break the loop turned out to be the environment, which farmers had been treating as the threat.

“Commodity prices received by New Zealand farmers are close to all-time highs, yet we are protesting in the streets for the first time in decades. Our resistance to environmental regulation has exposed a vulnerability: we, farmers, are struggling to hold our place in the power hierarchy… We have a model that is no longer fit for purpose.”

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David's Nuffield Journey

David Eade grew up on a Hereford stud in the north Waikato, rowed for New Zealand, and took a business studies degree in finance and economics at Massey. He began in banking at BNZ and Heartland, then spent six years in San Francisco’s fintech sector, first at the student lender Earnest running credit operations and analytics, then at Square as a risk manager and product manager. He co-founded Spark Finance, which set out to widen access to finance for international students. In 2018 he and his wife Harriet bought an 80ha finishing block at Brunswick near Whanganui, leased it out, and took over running it in 2021, converting it to regenerative practice. Covid brought the family’s return home forward by about six months.

He came to Nuffield from the Kellogg programme, and was the first recipient of the scholarship established by Whanganui & Partners with NZ Rural Leaders for people contributing to the region’s agribusiness sector. His application proposed studying alternative ways to finance land stewardship: paying farmers for ecosystem development, fractional investment to connect urban money with rural land, share schemes to attract staff.

What he did instead was run a design process on the problem. Resign or Redesign, published in March 2022, opens with the observation that commodity prices were near record highs while farmers were protesting in the streets. Fifty hours of interviews and more than a hundred survey responses produced a picture of compounding pressure: thin margins, wages that cannot attract staff, understaffed businesses pulling owners into day-to-day work, no time left for regulation, and a negative public image on top. He then designed against criteria farmers had set themselves, and pitched the resulting prototype to nineteen of them. Three quarters said they would pay for it.

Nuffield Research

David argues the farming model that carried New Zealand since the first refrigerated shipment in 1882 no longer serves farmers or the environment, and that protest and advocacy are the wrong tools for changing it. Applying a design process to the pressures livestock farmers described, he prototypes a nature-based product and tests farmers’ willingness to pay.

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Experience

MyFarm Investments Ltd

Investments, 2022-

Apiary Solutions

General Manager, 2020-

Spark Finance

Chief Risk Officer, Co-founder, 2020-

Matter Land

Owner/Partner, 2018-

Governance & Affiliations

Waikato Rowing Club

Committee Member

Youth Search and Rescue

Shadow Trustee

Education

2014Bachelor of Business Studies, Economics and Finance - Massey University

Training, Scholarships & Awards

2021Nuffield New Zealand Farming Scholarship
2019Kellogg Rural Leadership Programme

Read the Research

Read the executive summary and download the full pdf Nuffield report.

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Kellogg

Value Chain

Media appearances & public engagements

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