Bred Heifer Association Loan Guarantee Program

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

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

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.