How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Livestock Financing?

Livestock Financing is funded by Farm Credit Canada (FCC), Government of Canada

What are Livestock Financing's eligibility criterias?

Applicants must be feeder cattle or breeding livestock producers. Applicants must work with a participating livestock partner across Canada.

Livestock Financing

Last Update: January 24, 2025

Canada

Financing to purchase livestock

Livestock Financing at a glance

Eligible Funding

No Condition

Timeline

Open Date : November 14, 2019

Financing Type

Loans and Capital investments

Eligible Industries

Agriculture, forestry, fishing and hunting

Grant Providers

Farm Credit Canada (FCC)
Government of Canada

Status

Open

Overview of the Livestock Financing program

Get credit at a livestock alliance partner supplier to purchase cattle.

Eligible projects & activities

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.

Examples of admissible projects:

$ 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

Eligibility criteria of the Livestock Financing program

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.

Who is eligible?

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.

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.

Eligible geographic areas

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.

How to apply to the Livestock Financing program

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.

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.

Prepare Documentation

Compile necessary documents, which may include financial statements, livestock inventory lists, and business plans.
Ensure all necessary documentation is complete and current.

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.

Application Review

The livestock partner, in conjunction with FCC, reviews your application for eligibility and completeness.
Respond promptly to any requests for additional information.

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.

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.

Additional information

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.

Documents and links

Livestock Financing

Apply to this program

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