It is called a buy-back program, but we don't actually buy them back. We never owned them in the first place. Our customers buy our bulls and we then try to buy their calves.
The steer calves we get bought go to several places. If we buy them for ourselves, they go to either a local feedlot and get backgrounded and then later sent onto to a finish lot in NE. Or they go to a couple different lots in NE that feed them all the way through.
The rest of the steer calves we buy are for feedlots or order buyers from around the country, they are then sent to whatever lot the buyer uses and ussually fed all the way out.
The replacement heifers that are purchased by us are bred and put into our Fall bull sale as commercial bred heifers. Or we have orders from ranchers who either want to make cows for their own herd or sell bred heifers as well.
We are always looking for buyers for the steers and heifers, that is the toughest part of the whole deal. It takes alot of money to buy and feed a whole load of calves.