FURTHER DETAILS

How Does STEER, Inc. Generate Funds for Missionary Support?

We have a MULTIPLIED GIVING stewardship program that involves three groups of people.

  1. The DONOR provides investment capital by giving STEER a $700 UNIT.  This UNIT becomes a part of our MULTIPLIED GIVING fund and is used to invest in livestock and crop production.  MULTIPLIED GIVING means that when the entire product is sold, the initial investment is deducted from the sale and later re-invested in other livestock and crop projects, always leaving the original UNIT intact.

  2. The FARMER receives cash from this MULTIPLIED GIVING fund.  He uses the cash to purchase livestock or cover the cost of crop production.  The amount of the investment from the MULTIPLIED GIVING fund is covered by our insurance and depreciation fund.

  3. The MISSION SOCIETY or MISSIONARY receives 80% - 83% of the gain from the FARMER'S project.  The remaining percentage covers the cost of insurance and depreciation as well as administrative expenses incurred by STEER, Inc. in managing this stewardship program.

How Long Before There is a Gain on the Investment?

This depends on the farmer/rancher and the type of project he has.  For example, if the project is:

  • Cow/calf - 7 to12 months

  • Feeder cattle - 6 to 12 months

  • Crop - 5 to 9 months

  • Dairy - monthly

Your mission will receive a check from STEER Inc. for any gains designated for your support within 45 days the sale is received in the STEER office. 

Can I Count On the Farmer/Rancher's Continued Support?

Farmers and ranchers involved in yearly projects for your support should be treated like one of your regular monthly supporters.  They become an important part of your support team.  They will continue to support you as you keep them informed of your ministry.  STEER, Inc. will invest funds for your support at the farmer's request.

Do I Need to Find Donors?

Each member society has a certain number of UNITS on account, and new UNITS are added periodically as people feel burdened to contribute to your society in this way.  However, we are not asking you to find donors before you can participate.  We have a limited number of donors who have designated their UNITS to where the need is greatest, and we rotate these UNITS among our member societies.