Ontario Beef Breeder Co-operative Program
no fixed amount
Loan
Description:
Seven co-ops have been formed in various regions of the province to provide members with loans to purchase beef breeding females.
Comments on Funding:
Funding is a loan of $75,000+ depending on the co-operative.
Most loans are payable over a five year term.
Each co-op charges an annual membership fee, administration cost, insurance and tag cost. A 15% security deposit based on loan amount is required.
Continuous Intake
Eligibility:
Applicants must:
1. be individuals who are at least 18 years of age and who are landowners or who rent land, or are voting shareholders in partnerships or corporations owning land in Ontario;
2. be members of the seven co-ops providing funding;
3. have a purchase order for beef breeding females.
Application Steps:
Applicants must:
1. apply to the co-op’s board of directors for membership;
2. apply for a purchase order for the amount of anticipated breeding female purchase.
Once applicants receive a purchase order, breeding females may be purchased in the name of the co-op.
Females are tagged with co-op tags and inspected by their supervisor.
The co-op facilitates the payment for the cattle.
Offspring are sold in the name of the co-op and the member’s name, then the loan payment is made.
Documentation Needed:
Applicants should check with the co-op in their area for the specific documentation required.
Other Things to Note:
About the author
Maurice
