Livestock Financing
grant_single|update January 24, 2025
Canada
Financing to purchase livestock
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDate November 14, 2019
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Farm Credit Canada (FCC)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get credit at a livestock alliance partner supplier to purchase cattle.
grant_single_labels|projects
This financing program is facilitated through livestock partners across Canada. Eligible geographical areas are those where participating livestock partners operate within the Canadian regions.
- Participating regions across Canada where livestock partners are located.
grant_single|admissibleProjectsExample
$ 52,500
Procure 35 Hereford heifers for organic beef production
$ 50,000
Acquire 30 Limousin cattle for genetic improvement project
$ 60,000
Acquire 50 new Holstein cows for dairy production expansion
$ 45,000
Purchase 25 Angus cows for beef production
$ 55,000
Buy 40 Jersey cows for enhanced dairy farming
$ 40,000
Procure 20 Simmental bulls for breeding enhancement
grant_single_labels|admissibility
The eligibility for financing through FCC Livestock is tailored to cattle producers who require support for acquiring feeder cattle and breeding livestock.
- The applicant must be a cattle producer.
- The applicant should work through a participating livestock partner.
- A minimum down payment of 10% for revolving products and 15%-20% for non-revolving products is required depending on the term.
- Financing is intended for the purchase of steers, heifers, cows, and bulls.
grant_eligibility_criteria|who_can_apply
This grant is specifically tailored for feeder cattle and breeding livestock producers in Canada. Eligible applicants should be involved in the cattle production industry and need tailored financing solutions to support their livestock purchasing and financing needs.
grant_eligibility_criteria|eligible_expenses
The program supports financing activities specifically designed for cattle producers in Canada. These initiatives are tailored to meet the needs of feeder cattle and breeding livestock producers with flexible financial terms.
- Purchase and financing of steers and heifers.
- Procurement and financing of heifers, cows, and bulls.
grant_eligibility_criteria|zone
The financing program covers expenses related to the purchase of feeder cattle and breeding livestock.
- Acquisition of steers and heifers.
- Purchase of heifers, cows, and bulls.
grant_single_labels|apply
- Step 1: Connect with Livestock Partner
- Identify and contact a participating livestock partner through FCC's network.
- Discuss your needs and gather information on the available financing options.
- Step 2: Consultation and Pre-approval
- Meet with the livestock partner to review your business's financial status and the requirements for financing.
- Work with the partner to establish a customized pre-approved lending limit based on your needs.
- Step 3: Prepare Documentation
- Compile necessary documents, which may include financial statements, livestock inventory lists, and business plans.
- Ensure all necessary documentation is complete and current.
- Step 4: Application Submission
- Submit the completed application along with all required documents through the designated process of the livestock partner.
- Ensure that all details are accurate and deadlines are met.
- Step 5: Application Review
- The livestock partner, in conjunction with FCC, reviews your application for eligibility and completeness.
- Respond promptly to any requests for additional information.
- Step 6: Approval and Agreement
- If approved, review the financing terms and conditions outlined by FCC and the livestock partner.
- Sign the financing agreement to finalize the loan terms.
- Step 7: Funds Disbursement
- Receive the funds as per the agreement terms, either through direct payment to sellers or into your business account.
- Use the funds to purchase livestock as needed.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The program offers both revolving and non-revolving product types to suit different financing needs.
- Variable and fixed interest options are available to accommodate varying financial strategies.
- Deposits or down payments vary depending on the term duration, with different minimums for 3-year and 5-year terms.
- The financing program includes experts familiar with the cattle industry to provide tailored support.
- Annual payment options are available in either June or December, providing flexibility in financial planning.
- The program assists in herd growth and stability, specifically mentioning the Heifer Replacement Program as a support mechanism.
Apply to this program
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