| With the formation of ABBI, a tax-exempt nonprofit agricultural
association known as the United States Bucking Bull Association
(“USBBA”) was also be established. USBBA is structured and qualified
as tax-exempt non-profit corporation in keeping with Section 501(c)(5)
of the U.S. Internal Revenue Code.
The primary mission of USBBA will be to publicly promote bucking bull
ownership, breeding, training and welfare while simultaneously
enhancing the marketability and value of bucking bull stock. That
mission is accomplished through the promotion and growth of USBBA
membership, aggressive marketing, advertising and promotional
campaigns developed and administered by USBBA, including advertising
and marketing programs conducted in association with ABBI’s activities
and events. USBBA will also benefit bucking bull owners, breeders,
trainers and the bucking bull stock registered with USBBA through the
organization and operation of an innovative incentive program
described below.
MEMBERSHIP All persons and entities desiring to participate in USBBA programs,
events and benefits will be required to apply for and obtain
membership status in USBBA. If you are already an ABBI member, your
USBBA membership is concurrent.
INCENTIVE PROGRAM One of the key objectives of USBBA is to increase not only the
marketability but the value of all bucking bulls. USBBA has created
and implement a bucking bull incentive program that will have a
positive impact on the animals participating, the owners of those
animals, as well as the bucking bull industry as a whole.
The USBBA Bucking Bull Incentive Program (“Breeder's Trust Incentive Program”) works as follows. Owners of mature bucking bulls who are also members of USBBA may, for a fee, register one or more of their
animals in the Incentive Program. Once registered, a bull (“Incentive
Bull”) will remain registered throughout the life of the Incentive
Program. Upon payment of a nomination fee, each bull calf produced
from an Incentive Bull will be entitled to be included in the
Incentive Program. Calves must be registered with ABBI on or before
the date they reach the age of seven (7) months. Calves of non-ABBI
registered bulls will not be permitted to be registered in the
Incentive Program.
For more information on the USBBA or the Breeder's Trust Incentive
Program, please contact the ABBI office at (719) 242-2747 or visit www.americanbuckingbull.com. |