IPLA's fees include direct costs of sale of the livestock, selling charges, and a finance fee on the animals while they are in your custody. Part of our mission and purpose as a farmer-owned cooperative is to be responsive to the needs of our members. Many livestock producers have told us that they need innovative financial program for livestock production enterprises. Under most conventional custom feeding plans, you are paid on a per pound of gain or yardage fee per head basis. In our custom feeding program, you are entitled to all the proceeds after IPLA's costs are calculated.
Most farmers enjoy the independence and potential rewards they themselves have worked to generate.
This program assists feeders in fully utilizing their feeding facilities and expertise. We can ask the lender to sign a release for your feed and we can issue a joint party check for your proceeds as the cattle or hogs are marketed. We require that the feeder cattle or pigs originate in IPLA's systems and the finished animals be marketed through IPLA established programs. The program allows you to use the risk management tool of your choice, You might be interested in IPLA's own risk management programs. As custodian of the livestock, you assume all the normal risks of feeder cattle or pigs.