Feeder Cattle Loan Guarantee Program

The Ontario Feeder Cattle Loan Guarantee Program supports the operation of 17 Feeder Cattle Co-operatives across the province. Each Feeder Cattle Co-operative is operated by a Board of Directors who negotiates a credit limit with a lender in order to assist members with the purchase of cattle for further feeding. Members may also be eligible for free interest on a portion of their loan.

How your local Feeder Cattle Co-operative can work for you

A simple five step process:

  1. A beef farmer living in Ontario applies to the Co-operative's Board of Directors for membership.
  2. After becoming a member, applies for a purchase order for the amount of anticipated feeder cattle purchase, maximum of up to $500,000. A member can split purchase order to cover up to four groups of cattle.
  3. Once member receives purchase order, feeder cattle may be purchased in the name of the Co-operative.
  4. Cattle are tagged and notched by the member and inspected by the Co-operative supervisor.
  5. The Co-operative facilitates the payment for the cattle. When cattle are sold, they are sold in the name of the Co-operative and the member’s name and proceeds are applied to the loan.

What the Co-operative does for you

  • Attractive interest rate
  • No payments until cattle are sold (maximum 1 year).
  • Financing up to 100%.
  • Loans may be obtained for home-produced calves, or for purchased feeder cattle.
  • Limited financial information required for application.
  • Lending is based on producer’s integrity and ability to feed cattle.
  • Co-operative supplies ID ear tags (not CCIA), handles all paperwork for loan, administers all correspondence with the lender, and insures the cattle.

Costs to Members

Each co-operative charges an annual membership fee, administration cost, insurance, tag cost and costs associated with the cattle purchase can also be included in loan. A 5% security deposit is required based on the amount of loan and may be refundable 15 days after the loan is paid.

Ontario Feed Cattle Loan Guarantee Program Administrator Contact Information

Co-operative Area Administrator Contact
Algoma Algoma District Robin MacLeod 705.736.2236
knrmacleod@gmail.com
Bruce East Central Bruce Mary Stephenson 519.363.2550
marybgb@yahoo.ca
Central Simcoe, Dufferin Phyllis Tupling

519.925.9590
phyllistupling @yahoo.ca

East Central Durham, Victoria, Peterborough, Haliburton, Northumberland Brenda Bonis 705.324.5701
robandbrendabonis@gmail.com
Eastern Ontario Hastings, Prince Edward, L&A, Frontenac, Leeds Sandra Spencer 613.888.3101
easternonfeederbreeder@hotmail.com
Golden Horseshoe Niagara, Waterloo, Wentworth, Brant, Oxford, Haldimand, Norfolk Michael Moser

519.570.1684
mjmoser@rogers.com

High Point South East Grey Jenna Coe 519.922.1239
grahamsbookkeeping@live.com
Huron-Perth Huron, Perth Janice Hawkins-Wylie 519.887.8899
hpcfco-op@ezlink.ca
Island Manitoulin Dorothy Anstice 705.859.3925
anstice@amtelecom.net
Lambton Lambton, Essex, Kent, Middlesex, East and south of highway 403 Joanne Sanderson 519.695.3980
lambtonfeeder@gmail.com
Northern Claybelt Temiskaming, Cochrane Carol Elliott 705.647.6161
northernclaybeltfeedercoop@hotmail.ca
Queens Bush South/East Bruce Darryl Diemert 519.367.2077
beefcoop@wightman.ca
Rainy River Dryden, Kenora, Rainy River and Thunder Bay Joyous Bragg 807.482.3948/2498
joyousbragg@bellnet.ca
Twin County Grey, North Bruce Sandra Laver 519.934.2666
tcffci@yahoo.ca
Two Valleys Carleton, Dundas, Glengarry, Lanark, Prescott, Renfrew, Russell, Stormont Jim Cochran 613.256.3835
j.cochran@xplornet.ca
West Bruce West Central Bruce Mary Stephenson 519.363.2550
marybgb@yahoo.ca
West Central Halton, Peel, Wellington Alaina Lennox 519.848.6066
westcentral.ffc@gmail.com

Feeder Co-ops Offer the Advanced Payment Program (APP)

BFO is the administrator for the Advance Payment Program (APP) on behalf of the 17 Feeder Cattle Co-ops.  The local co-op can offer you the interest free provision of APP on up to $100,000 of your eligible feeder loan during a production period. A simple application form is completed at the same time as the cattle are purchased and accompanying paperwork are processed for the feeder loan.  The current application fee is $110 and the interest free provision is calculated as 50% of the expected market value, as determined by Agriculture and Agri-Food Canada.

To view the Ontario Feeder Cattle Loan Guarantee Program’s privacy statement, click here.

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