The cow/calf program is our most popular program, with around 85 percent of our ranchers participating. Our current investment is over $1.7 million.
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 which states that you will provide the daily feed and care of the animal and also lets us know 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 societies. 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.
So how much does STEER pay for cows? We will pay market value for cows, but they must be reduced down to $800 (salvage value) over a two year period through the sale of the calves. Once the cow is reduced to $800, the full 90% of the calf gain will go to your mission designation. An average cow should produce for 10 years. When the cow is eventually sold, the cow funds come back to us and we will reinvest it in another project.
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.
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 that is generated from holding a percentage of the gain when the calf is sold.
When the cow gets older and needs to be replaced, you can hold back one of her heifer calves to replace the cow. This helps perpetuate the project and removes the need of reducing the cow down to $800 each time the cow needs to be replaced. If the original cow has offspring to replace her production, then the cull cow proceeds will also go to the designated mission.