Loan Guarantee Programs for Farmers
Feeder Cattle Loan Guarantee Program
The Feeder Cattle Loan Guarantee Program (FCLGP) supports beef cattle farmers by facilitating access to competitive, short-term, low-interest borrowing through Feeder Cattle Co-operatives. These Feeder Cattle Co-operatives are located throughout the province; where qualifying members can borrow up to $500,000 for the purpose of obtaining feeder cattle.
The Ministry allocates portions of the available government loan guarantee to individual Co-operatives as needed. The following chart shows the allocation limit for each participating Co-operative and these limits would be subject to a corresponding lending agreement between each Co-operative and their financial institution.
|Feeder Finance Co-operative||Allocated Loan Limit|
|Algoma Feeder Finance Co-operative Inc.||$2M|
|Bruce Feeder Finance Co-operative Inc.||$19M|
|Central Cattle Feeders Co-operative Limited||$12M|
|East Central Feeder Co-operative Inc.||$9M|
|Eastern Ontario Feeder Cattle Co-operative Inc.||$10M|
|Golden Horseshoe Feeder Co-operative Inc.||$40M|
|High Point Feeder Cattle Co-operative Inc.||$12M|
|Huron-Perth Cattle Feeders Co-operative Ltd.||$24.5M|
|Lambton Feeder Finance Co-operative Ltd.||$10M|
|Northern Claybelt Feeder Co-operative Ltd.||$9M|
|Queen's Bush Feeder Finance Co-operative Inc.||$15M|
|Rainy River Feeder Finance Limited||$1M|
|Twin County Feeder Finance Co-operative Inc.||$17.725M|
|Two Valleys Feeder Finance Co-operative Inc.||$6M|
|West Bruce Feeder Finance Co-operative Inc.||$12.5M|
|West Central Feeder Co-operative Ltd.||$8M|
Additional program delivery details are communicated to participants through Program Guidelines. The latest FCLGP Program Guidelines are available here.
Program Applications and Enquiries
To inquire about specific details or make an application for membership, contact the Administrator of your local Co-operative. Details are available here: www.ontariobeef.com/programs/feeder-cattle-loan-guarantee-program.aspx.
For additional enquiries contact:
Beef Farmers of Ontario
130 Malcolm Road
Toll Free: 1-866-370-2333
For more information:
Toll Free: 1-877-424-1300