As a rancher, there are no fees to participate. There’s no need to write a check or send a cash donation. Your only responsibility is to donate your feed and care for the cow and her calf.
We will provide the funds to purchase a young cow from you, your neighbor, or sale barn. The cow becomes the property of STEER, Inc. and needs to be identified by placing a STEER, Inc. ear tag on the cow, or using a STEER, Inc. registered brand if you have brand laws in your state.
Before you start a project, we will need you to sign an Agreement of Stewardship form stating that you will provide the daily feed and care of the animal and tell us who you want to support. The greatest benefit is that you get to choose the missionary or mission project you want to partner with from within our member mission organizations. That way, you get to be personally involved in seeing the profits from your project go toward your chosen designation as the gospel reaches more and more people through your investment.
We will pay market value for cows. Our preference is to purchase young cows directly from you. If you don't have livestock to sell us, we will provide the funds for you to purchase something in your area that will fit with your herd.
When it comes time for you to sell the calf, you do it in the name of STEER, Inc. If you’re selling some of your own calves at the same time, simply take the overall average and have the marketing agent make the check payable to STEER, Inc. By not involving your personal account you will not have to declare the STEER, Inc. calf as income.
At this time, 95% of the calf sale is processed for your mission designation. STEER retains 5% for our insurance fund that helps cover vet fees, death loss, and depreciation losses on the initial investment. We are pleased to share that NO funds are currently taken out for administration.
If for some reason the cow becomes sick, call your local veterinarian and send the bill to us. Should the cow die, notify us right away and we will send you an insurance loss form. We do not expect you to stand the loss. Any losses are covered by our insurance fund generated from holding a percentage of the gain when the calf is sold.
When the cow comes to the end of its productive life and is sold, the cow funds come back to STEER so that they can be reinvested in another project.