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.

Co-operative Allocations

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.
$30M
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.
$4M
Queen's Bush Feeder Finance Co-operative Inc.
$15M
Rainy River Feeder Finance Limited
$3M
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

Program Guidelines

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
Guelph, Ontario
N1K 1B1
Toll Free: 1-866-370-2333
Phone: 519-824-0334


For more information:
Toll Free: 1-877-424-1300
E-mail: ag.info.omafra@ontario.ca
Author:
Creation Date: 04 August 2016
Last Reviewed: 25 November 2016