The National Livestock Grazing Agreement provides an alternative structure for the source of grazing cattle. The flexibility of the program allows producers to maximize the use of their land and facility.
National pays for the original purchase of the cattle delivered to the grazer. Interest will accrue from the date of purchase. A processing and inspection fee of $6.72 per head will be charged by National at the time of purchase and added to the cost of the livestock.
While the cattle are in the care of the grazer, he is responsible for the pasture, feed, health, and all other aspects concerning the care of the cattle.
National will inspect cattle on 60-90 day intervals and will require the grazer to submit a monthly inventory of all National cattle on hand. National requires all cattle to be branded with National’s brand and will provide an ear tag with National Livestock’s contact information as well as the name and phone number of the grazer.
When the cattle are sold, the proceeds of the sale are remitted to National. After the original purchase price of the cattle, the accrued interest, the processing and inspection fee have been deducted, the grazer receives the balance of the proceeds.