Beef Farmers of Ontario (BFO) – Ontario Beef Breeder Co-operative Program

Description:

Eight co-ops have been formed in various regions of the province to provide members with loans to purchase beef breeding females.

Comments on Funding:

Funding ranges from $50,000 to $150,000, depending on co-op. Those who have not calved out 20 cows in previous year, are limited to a maximum of $25,000.

Most loans are payable over a five year term.

Each co-op charges an annual membership fee, administration cost, insurance and tag cost. A 15% security deposit based on loan amount is required.

Eligibility:

Applicants must:

  • be individuals who are at least 18 years of age and who are landowners or who rent land, or are voting shareholders in partnerships or corporations owning land in Ontario;
  • be members of the eight co-ops providing funding;
  • have a purchase order for beef breeding females.

Applications Steps:

Applicants must:

Once applicants receive a purchase order, breeding females may be purchased in the name of the co-op. Females are tagged with co-op tags and inspected by their supervisor. The co-op facilitates the payment for the cattle. Offspring are sold in the name of the co-op and the member’s name, then the loan payment is made.

Documentation Needed:

Applicants should check with the co-op in their area for the specific documentation required.

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