Feeder Associations 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?

  • Feeder Cattle (heifers/steers) bought through an auction market or private sale
  • You may also apply for a loan on your own feeder cattle/calves
  • Up to 100% financing available
  • Loans cannot be made for feed or facilities

LOAN LIMITS

  • Year 1 – $100,000.00
  • Year 2 – $200,000.00
  • Year 3 – $300,000.00
  • Year 4+ – $500,000.00

(loan limits are subject to approval by the Association’s Board of Directors)

  • A 5% deposit is required for all loans
  • Loans are a maximum of 12 months
  • 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