Farm Table says:
This the website for BSM (Beef-Stock Market) is a revolutionary new concept.
The Beef-Stock Market is a simple-to-use web site enabling anyone with access to the Internet, an Australian Business Number, a BPAY enabled Bank Account and a current email address to participate in the Australian beef cattle industry.
The Beef Stock Market is one of the only short term rural investments in Australia. BSM’s database system uses electronic identification to track individual performance rather than mob-based pooling or averaging.
Created by two agricultural industry leaders in South Western Queensland, BSM was borne out of an idea to provide a service to all Australians which enabled them to own a vested interest in the Australian agricultural industry.
The key sections include:
- how BSM works
- return examples – given the time lag between purchase and sale and the fluctuating nature of this commodity-driven market, the traditional Buy-Sell calculation has recently been updated to the longer term, more trading oriented, Sell-Buy calculation
- frequently asked questions
In conclusion, you can purchase one or an entire herd of beef cattle through the Beef Stock Market website. Cattle purchase prices are derived from the price stock are purchased for plus any costs associated with getting livestock to the contracted farm and inducting them. Sale prices are the price BSM can secure the cattle as an agent for you. Unfinished cattle are sold back to BSM at a lower price with no commission.