All bank information is encrypted during both transmission and storage. The encryption method implemented by FarmAfield is an industry-leading 2048-bit RSA public key cryptography library backed by university research. More information regarding this cryptography method can be found here.
We exclusively utilize bank transfers in order to avoid the fees associated with credit card transactions.
No. Linking your bank simply allows you to transfer funds into your FarmAfield account so that you can make purchases when ready.
No. You have full freedom to approve or decline each purchase opportunity that is sent to you.
No. All transfers into and out of your FarmAfield account are completely free of charge.
We require that you initiate a one-time transfer of at least $1000 or a monthly transfer plan of at least $50/month. These amounts indicate to us that you are a serious potential buyer.
You are free to pull un-deployed funds out of your FarmAfield account at any time free of charge.
Before receiving your first purchase opportunity, we’ll take you through a short 4-part module called “FarmAfield 101” which will provide context and information that will help you make smart purchase decisions.
You are buying Nebraska cattle through what is called a production contract—an agreement in which the owner of livestock pays a producer to raise the livestock. So you purchase the cattle, pay one of our trusted producers to raise the cattle, and then receive the proceeds from your cattle when they are sold. In time, you will have the opportunity to purchase other commodities as well.
There is nothing new about utilizing production contracts to invest in cattle, a practice that has proven profitable for many investors over the years. But historically, these opportunities have been limited to those with significant capital, industry expertise, and direct connections to producers. FarmAField has removed those barriers by cultivating relationships with trusted producers, leveraging technology to bundle smaller purchases, and aggregating industry data that will drive higher returns. So the "new" piece here is not the cattle investment itself, but rather the access to this type of investment.
We will reach out to you with purchase opportunities roughly one time a month. The cadence is somewhat variable because we don’t bring you just any purchase opportunities—we only bring you the very best opportunities.
Having analyzed 20 years worth of market data, our firm conclusion is that the most strategic way to invest in cattle is through value investing—systematic purchases over an extended period of time. So rather than placing all your money on one pen during one production cycle, we recommend that you space your investments out over time (at least 1-2 years).
Our network of trusted producers has been hand-picked to bring you the best of the best. Utilizing PhD level consultants and our connections within the industry, we vet producers to ensure they are knowledgeable, trustworthy, and efficient.
Your only purchase restrictions are relative to the size of a particular pen we’re offering and the demand for that pen. That being said, if you are considering an investment of $25,000 or more, we would recommend setting up an individual consultation with us.
Cattle is the only commodity currently available, but we plan to expand into row crops and other livestock in the near future.
A cattle production cycle typically lasts 6-8 months.
We collaborate with producers in our network to provide regular updates on the health of your cattle, the value of your cattle, and the latest news from the cattle industry. This information will be shared through your personalized online dashboard, as well as through monthly email updates.
Don’t feel dumb for asking this question, it’s the one we get more than any other. While calves do sometimes die in the production cycle, your investment isn’t completely dependent upon one particular animal. Because of the way we bundle investments, your risk is spread across the entire cattle pen.
Once your money has been invested in a cattle pen, that money is tied up for the duration of the 6-8 month production cycle. After your cattle go to market, the proceeds are put back into your FarmAfield account where you can withdraw them, hold them, or re-invest them in new cattle.
When your cattle reach the end of their production cycle, they are sold to market and the proceeds are deposited back into your FarmAfield account.
There are no fees associated with transferring funds into or out of your FarmAfield account. We do charge a 1% procurement fee when you purchase your cattle to cover our expenses. A detailed breakdown of our fees is available here.
We receive a tenth of your net proceeds when your cattle go to market. So if you make $10 on your initial investment, we get $1. If you lose money on your first investment, we take home nothing. We’ve intentionally set it up this way so that we only make money when you make money.
Not at this time, but it is an option we are exploring for the future.
Most of our users treat profits from feeding cattle as ordinary income for tax purposes, but there are alternative strategies. Please consult a tax professional to find the best strategy for you. FarmAfield will provide you with any information needed at the end of the calendar year.
If you have any further questions, please contact us at email@example.com.