 |
3
& 5 Year
Cow/Calf
Program Outline |
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- These
programs
work well
for the
purchase
of high
quality,
youthful
cows as
well as
retaining
this type
of cow from
the 1 Year
Cow Program
loan.
- Home
raised
livestock
are
eligible
to
be financed
under
this
program.
- Maximum
amount
financed on bred
heifers,
bred
cows, and cow/calf
pairs
is market value
up to
$1,000.00.
- If
you are
purchasing cow/calf
pairs,
calves may
be placed
on
a feeder loan. Please
discuss
this
with your market
representative
for
more information.
- All
CFC
cows and offspring
purchased
through
an approved
market are
to be branded prior to
leaving
with
an approved
brand.
(There
are no exceptions
to
branding.)
- When
selling,
CFC
cattle
are
to be
manifested:
Cattlemens
Financial
Corp
account
of “Customers
name”.
- Should
any
cattle financed on this
program be
sold anywhere
except at an approved
market, a
charge of $20.00
per animal will be
paid to CFC out
of the security deposit
or from the proceeds
of the sale.
- Producers
can utilize
the Feeder
Program to
make their payment,
when retaining their calves.
- 15% security
deposit
required
(Your
deposit
is
not “pooled” and
earns
interest)
- Invoices
will not
be paid
until the
deposit
is received.
- Variable
interest
rate
is Prime +1%.
Fixed rates are available.
|
| Annual
Fee Structure |
- Administration
fee of $10.00
per head.
- $5.00
per head
Rep
fee.
- Mortality
insurance
is available
through
Canadian
Farm
Insurance.
|
All
limits and rates are subject to change |
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