Livestock Financing
Canada
Financing to purchase livestock
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateNovember 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|register
- 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
Flexible Financing Solutions for Canadian Livestock Producers
The FCC Livestock program offers specialized financing options tailored to the needs of cattle producers across Canada. With flexible terms and the convenience of single-stop solutions, this initiative supports the growth and stability of livestock operations.
In-Depth Insight into FCC's Livestock Financing Program
The FCC Livestock program is designed to cater to the unique financial needs of Canadian cattle producers by offering a range of customized lending options. Recognizing the cyclical and unpredictable nature of the livestock industry, Farm Credit Canada (FCC) collaborates with livestock partners across the nation to deliver financing solutions that are both competitive and flexible. These solutions include customized pre-approved lending limits, which allow producers to access funds quickly and efficiently as their needs arise.
One of the standout features of the FCC Livestock program is its modest down payment requirements and the provision for pooled or non-pooled security deposit accounts, contingent on the livestock alliance partner. This flexibility empowers producers to manage their capital more effectively, ensuring that financial constraints do not hinder their operational growth and stability. Moreover, the program boasts a no-prepayment penalty policy, permitting producers to pay off their debts earlier without incurring additional costs, thereby supporting more efficient financial management.
The program is tailored to accommodate two main purposes of cattle production: financing steers and heifers, and supporting the acquisition of heifers, cows, and bulls. For short-term needs, the program provides revolving credit options with variable interest rates and terms of up to one year, renewable annually. This creates an adaptable financial framework that aligns with the cash flow patterns and market demands of the livestock industry.
For longer-term investments in older cows or young herds, non-revolving credit options are available, offering terms of three years or five years, respectively. These options come with both variable and fixed interest rate choices, allowing producers to select the most suitable financial strategy in accordance with market conditions and their own risk management protocols. Repayment schedules are synchronized with the cattle sales cycle, either upon sale or on annual due dates, thus aligning debt obligations with income streams.
In addition to financial benefits, the FCC Livestock program provides producers with access to industry experts who understand the intricacies of cattle farming. This expertise is crucial for producers who are seeking to expand their herds while maximizing their operational efficiency. The strategic alliances fostered through the program enhance producers' ability to make informed decisions that spur growth while safeguarding herd stability.
The Heifer Replacement Program, a complementary offering under the FCC Livestock umbrella, underscores the commitment to herd stability and growth. This initiative is particularly vital for producers focused on expanding their breeding operations and enhancing herd quality through strategic acquisitions. By providing a clear and manageable pathway for herd replacement and improvement, FCC supports the long-term viability and success of Canadian cattle producers.
Overall, the FCC Livestock program represents a comprehensive suite of financial solutions aimed at empowering cattle producers throughout Canada. By aligning financial products with the unique aspects of the livestock industry, FCC ensures that producers can achieve their operational goals while maintaining financial health. This initiative not only fosters growth within the cattle sector but also strengthens the agricultural economy as a whole, delivering value and security to producers navigating the complexities of today's market environment.
