Bred Heifer Association Loan Guarantee Program

Frequently Asked Questions

Who Is Eligible?

All persons are eligible who are residents of BC, are at least 19 years of age and own/lease a farm in BC. Apply to your local association for a membership.

What Is Eligible?

Bred cattle (up to 3rd calvers) bought through an auction market or private sale
You my also apply for a loan on your own bred heifers/cows (up to 3rd calvers)
Up to 100% financing available
Loans cannot be made for feed or facilities

What Are The Loan Limits

Year 1 – $100,000.00*
Year 2 – $150,000.00*
Year 3 – $200,000.00*
Year 4+ – $300,000.00*
*(Loan limits are subject to approval by the Association’s Board of Directors)

A 10% deposit is required for all loans
Principle Payments over 5 years
All cattle must be branded with the associations brand

What Are The Membership Advantages

The interest rate is competitive or better than on an individual basis
Livestock Mortality Insurance
The association is controlled by its members

Member may make their annual payment by June 1st and will not be required to brand the calves.