LIVESTOCK & BRANDING

Board must approve the member limit prior to purchase cattle or lambs. Approval is required for each new loan

PURCHASING CATTLE OR LAMBS

Choice is yours as to where to buy or sell. Private purchases require additional documents and LIS Brand Inspections to ensure we are getting clear title to the livestock. Same applies if you finance your own home-raised calves.
If bought through an Auction Market or Licensed Livestock Dealer LIS inspections are not required.
Minimum weight on cattle 400 lbs. and on lambs 70 lbs. Anything under these weights need to have Board approval before purchase.
Not to be used for recreational purposes (ie: roping, rodeo, cutting, penning, longhorns, corriente etc)

All purchase invoices must be made out to Big Sky Feeder Association account member name.

Notify the Administrator if you want a Partial Payment on the Sale Proceeds.
Any balance over the outstanding loan balance and accrued interest will be paid out to the member.
Manifest should be made out as Big Sky Feeder Assn. a/c Member name as the Seller.

6 month maximum contract length, with no extensions. Minimum weight allowed is 70 lbs. Lesser weights require board approval.
Must be feeder lambs intended for slaughter, (breeding ewes can be done through Chinook Breeder Co-op).
Lambs must be ear-tagged with a small dangle tag marked with the (M over split end bar), AND paint branded on the back, with a co-ordinating color to the tag (ie: red tag, red paint). The number on the back will be assigned by the Assn. Supervisor.
Member is to supply the tags.
No insurance on lambs, but a $.05 per head check-off fee will be added to contract.
When purchasing lambs by Self Purchase (ie: you are paying for them, and then invoicing the BSFA), the original purchase invoices for the lambs must accompany your invoice to BSFA and a security interest waiver must be filled out by the seller .
When financing your own lambs (Private Treaty) – if they are weighed, and a scale ticket produced, we will finance up to 100% average of the purchased lambs. If they are NOT weighed, only 75% of the average of the purchased lambs will be financed.
When any lambs are sold, privately or otherwise, cheques are to be made out to the Big Sky Feeder Assn. Co-op a/c of Member, with an accompanied sales invoice. Sales invoices must be provided for all sales of Feeder Assn. lambs, showing number of head, weight, and price.

All cattle must be branded with the Lazy H or M over Split End Bar on any of the 6 locations.
All lambs must be paint branded on their back & ear tagged with the same colored tag with the M Over Split End Bar brand on it.