How to purchase stock:
To purchase cattle through the Beef Stock Market, you need to read our Terms and Conditions of Cattle Purchase, Management
and Sale, and complete the Registration and Order Form. Before completing the form,
you will need to:
- determine how much you wish to spend on purchasing cattle;
- have a BPAY enabled bank account;
- have a current email address;
- be able to authorise BSM to directly debit backgrounding costs;
- have an Australian Business Number or, alternatively, sign a hobby declaration form.
If your purchase order is complete and otherwise in order, we will allocate you
with as many animals as possible up to the total amount you wish to spend. You must
spend at least enough to purchase one animal (approximately $AUD550 inc. GST). All
amounts must be paid using BPAY. You can only purchase a whole share in an animal
as we will not allocate part shares in an animal between a number of different purchasers.
If the amount you state in the registration form does not allow you to buy a whole
share in an animal, we will only supply you with the number of whole animals that
can be purchased for the amount you wish to spend.
Once your order has been accepted by us, you will receive an invoice followed by
confirmation of purchase within seven days of receiving your payment. Also, you
have the option of receiving monthly reports on weight gain, paddock condition,
rainfall, and market trends e-mailed to you by the Livestock Manager. By using electronic
identification, stock progress is monitored throughout the time you own them.
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and seasonal and market conditions Please join our mailing list.
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How to sell stock:
To sell your stock (or any part of it), you need to decide whether to sell at the
Finished Sell Price (which you will obtain if selling when we suggest) or the Unfinished
Sell Price. The Finished Sell Price is generally higher than the Unfinished Sell
Price. Our Livestock Manager will notify you by email when he believes your animal
is ready for sale at the Finished Sell Price. Sales at the Finished Sell Price would
generally occur between 6 to 12 months after purchase of each animal. If you wish,
you can automate the selling process by choosing at registration to sell all your
cattle at the Finished Sell Price. To do so you must elect to use the Free Sale
Management Service by ticking the appropriate box in the Registration and Order
Form. We will then automatically sell your cattle at the optimum weight and time
to ensure you receive the highest possible return on your investment and take care
of the sale process on your behalf. After sale of your stock, your net sale proceeds
are returned to a bank account of your choice. Read our Questions
Page for more information or contact us.
We will charge you a weight-gain based grazing fee of $1.15 inc. GST(per kilogram
gained). This fee occurs each time your cattle are weighed at the paddock, and is
direct debited from your selected bank account. This fee covers the cost of feeding
your animal/s, all handling, identification, agistment and agent's costs. Certain
standard veterinary medication costs and expenses will also be included in this
fee. CLICK HERE for more information on these charges.
Additionally, we will also charge you a 4% commission at sale time based on the
purchase price and sale price of each animal respectively. The commission charge
will be deducted from your sale proceeds. Usually there are additional costs associated
with getting cattle to market which are deducted on the sale invoice. The net return
is paid to you by direct deposit to your bank account.
As shown in our Returns Forecasts Page, this opportunity
is not only interesting and fun but has the potential to perform for you! As an
additional benefit you may also wish to investigate tax advantages you may be eligible
to receive by owning primary production related stock.