Other Loan Products
In addition to traditional sources of financing, consider these alternate loan programs and debt products:To return to the bank listings page, Click Here.
Breeder Co-op Loans
| Description | Term | Interest Rate |
|---|---|---|
| Cows and Bred Heifers | -5 year contract - Finance up to 85% |
Varies |
| Payment Frequency | Available Loan Amount | Notes |
|---|---|---|
| When calves are sold. | Max $150,000, with possible increases with approval | - All animals must be branded - Mandatory insurance required - Legal cap remains at $1,200 for bred heifers and $1,100 for youthful cows - Can finance own cows, just need a certified brand inspection. |
Agriculture Canada - Advance Payment Program
| Description | Term | Interest Rate |
|---|---|---|
| Calf Crop, Hogs and variety of crops | A production cycle (Due end of Sept) Max 18 months |
First $100,000 interest free. Remainder at Prime + 3 |
| Payment Frequency | Available Loan Amount | Notes |
|---|---|---|
| When Commodities sold | Maximum of $400,000 | - Must Participate in AgriStability to be eligible for the program. - May need a priority agreement signed by the bank - For cattle advance, will advance different amounts depending on the weight of calves at sale time. Advance amounts of: 400 - 700 lbs - $250 700 – 1249 lbs - $385 1250 lbs+ - $550 |
