Ontario Beef Breeder Co-operative Program

By mmuise
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.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • 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;
  • be members of the seven co-ops providing funding;
  • 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:

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About the author
mmuise