HHERDSTAKE
Cattle collateral verification

Know the cattle behind your loans are really there.

Herdstake checks pledged cattle from satellite imagery and public records, and sends you a dated report in your state's inspection format, between your site visits.

See the 90-day pilot → How it works
The problem

Cattle collateral is still checked by eye.

A few site visits a year leave long gaps. The largest cattle frauds lived in those gaps: herds that existed only on paper, or the same cattle pledged twice.

29,5009,900

Head implied by Agridime's books, against the head its receiver found.

89,52210,575

Head pledged at 7M Cattle Feeders, against the head found.

$32B

Cattle on feed in the US at any moment, checked mostly in person.

Sources: DTN · Beef · DTN, cattle on feed

What we check

Four checks on every borrower and yard.

Head count

Counted from 30 cm satellite imagery and given as a range, with the image date.

Claim vs. capacity

The borrower's claimed head set against the yard's permitted capacity.

Other liens

Other pledges on the same cattle, from UCC filings and the state Clear Title lists.

Yard records

The yard's Packers & Stockyards registration and any court records.

How it works

A list in, a signed report out.

Nothing to integrate and no credit files. You send a short list, and we do the rest.

  1. You send a listBorrower, yard and claimed head. No access to your systems.
  2. We check each yardSatellite imagery, permits, lien filings and yard records.
  3. You get a dated reportIn your state's inspection format, plus a spreadsheet, reviewed and signed by a qualified ag credit reviewer.
  4. Gaps get a physical countIf a count falls outside the range, a brand inspector or vet counts the cattle within 10 days.
What it isn't. A guarantee, an appraisal or a replacement for site visits. It's a documented check between visits, built for the independence, dating and documentation examiners look for.
The pilot

Try it on five borrowers for 90 days.

Sized to fit a loan officer's signing authority, with nothing to integrate.

90-day pilot
$0.50

a head per check, $250 minimum, under $5,000 in total.

Borrowers
Up to five cattle borrowers you pick
Checks
One at the start, one at about day 90
You send
A list: borrower, yard, claimed head
You get
A dated report per borrower, plus a spreadsheet
Ask about a pilot →
Talk to us

Lenders, feedyards and researchers.

Write to Greg, who runs lender relationships at Herdstake.

Email Greg →

greg@herdstake.com