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Graziers woo city investors in breeding cattle
31 Jan 2005
Two graziers in South Australia have created the Beef Stock Market, in which they intend that outsiders can invest in individual cattle and keep track of them by using radio frequency identification device, or RFID, technology. The promoters claim that early investors earned returns in the 20 per cent range. The BSM website says that "you buy the stock, we fatten them for you and, if you wish, we sell them on your behalf". The investment is for about eight months until the cattle reach a weight where they can be sold, usually in feedlots.
The Advertiser, 31/01/05
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