Livestock – Farm Credit Canada (2022)

Description:

FCC and the participating livestock suppliers across Canada provide flexible and convenient financing tailored to the needs of feeder cattle and breeding livestock producers.

Comments on Funding:

Financing is received from the participating livestock retailers or from Farm Credit Canada.The applicant will pay interest and other fees, if applicable.

Livestock Alliance Partner financing terms and conditions:

  • customized pre-approved lending limits;
  • modest down payment, or pooled or non-pooled security deposit accounts (depending on your livestock alliance partner);
  • no prepayment penalties;
  • competitive rates.

FCC financing terms and conditions:

  • pre-approved lines of credit;
  • deferred payments;
  • interest-only payments;
  • extended disbursements.

Eligibility:

  • The applicant must be a feeder cattle and/or breeding livestock producers.

Applications Steps:

Documentation Needed:

Applicants must:

  • Generate a net worth statement,
  • Collect past three years of tax returns or accountant-prepared financial statements,
  • Gather recent pay stubs or written employer verification for off-farm income (if applicable),
  • Bring government-issued photo ID (drivers license, passport),
  • Collect shareholder agreements (if any),
  • assemble copies of existing operating loan agreements (if applicable),
  • Build a business and marketing plan,
  • Prepare and maintain a cash flow budget.

Testimonials:

Program Contact:

Livestock

Working with FCC

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