Goat Shares
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With the legalization of herd shares, raw milk can now be acquired directly from the farm as long as you are part owner of the herd. What does that mean?
In North Carolina, the law states that as long as you are the independent or partial owner of a herd or lactating animal, you have the right to receive raw dairy products that have been produced by the animals you independently or partially own. You can’t buy raw dairy products from the farm, but you can receive those products if you own all or part of the herd. What does that look like, and how are we compensated for those products if you can’t buy them from us? We start by charging an initial (one-time) fee of $30 per share to “buy in” to the herd. This fee covers your starter bottling kit (we only use half gallon mason jars and white plastic lids) and your share of the herd production during that lactation cycle. One share provides your family with one half gallon of milk per week, and access to any other dairy items that we produce on the farm. At some point, the lactation cycle will end, allowing us to take a break, and maybe even take our kids to the beach or mountains for a few days. When the new cycle begins, previous owners will pay a one-time fee of $16 per share to buy into that lactating cycle. A quick note about shares: Seven Seasons Farm will always maintain majority ownership of all lactating animals as well as all decision making on animal diet, length of lactating cycle, veterinary care and when to breed goats for future lactating cycles. We anticipate that a cycle will be at least 9 months (maybe longer), but could be shorter depending on sickness and other things beyond our control. There will be no refunds issued due to a shorter than expected lactation cycle. Once you buy in to the herd, you are able to pick up one half gallon of milk per week for every share you purchase. We charge a monthly per share fee to cover boarding expenses for the herd (which includes hay / feed costs, veterinary care, and labor associated with harvesting and bottling the milk). The monthly fee per share is $32. You pay this fee whether you need / want milk or not. Remember, you are not buying the milk, you are paying for your portion of the animals’ care, and this fee must be paid regardless of whether you pick up milk each week or not. Having bought into the herd, you now have access to other dairy products made on the farm. We charge a labor fee to provide these products. Let’s look at a couple of examples of how this all works: Example 1: You buy in to the herd for one share. You pay $30 for your initial first year fee. This guarantees you one half gallon per week. You then pay $32 monthly (due on the first day each month when you pick up your milk). If you only get 3 half gallons that month because you were out of town, didn’t need milk, etc. - you still pay $32 each month through the end of the lactating cycle. At the beginning of the next lactation cycle, you buy in for one share again. Your buy in fee this time is only $16. You then pay $32 monthly through the end of the lactation cycle. Example 2: You buy in to the herd for two shares. You pay $60 for your initial first year fee. This guarantees you two half gallons per week. You then pay $64 monthly, regardless of how much milk you take home each week, through the end of the lactation cycle. At the beginning of the next lactation cycle, you would like to get three half gallons per week. Your buy in fee this time would be $62. That’s $32 for the two shares from the previous lactation cycle, plus $30 for the new share, which requires the bottling starter kit. You would then pay $96 monthly through the end of the lactation cycle. In the event that your pickup day occurs 5 times in a given month, you will have the option to pick up milk on week 5, or you can skip that week. If you choose to pick up milk that week, you would add an additional week to your payment when you pay at the beginning of the month. If you choose to skip that week, your payment would remain the same, and you would pick up milk only 4 weeks that month. Doing things this way means that herd ownership will remain fluid. Some folks may stay year after year, and some may not. But rather than having to maintain a list for perpetuity, this gives a list of “owners” for the current lactation cycle, and allows us to stay within the parameters of the law. If you have any questions, please feel free to contact us. |