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1
Year
Cow
Program Outline |
|
- This
program
works
extremely
well
for financing
bred
heifers.
- After
the
culling
process
is completed,
the
remaining cows may
be financed
on a
5 Year term
loan,
with
the payments
matching
the
productive
cows
remaining.
- This
program
also
works
well
for
the
open
and
bred
cows that have at
least
another
year of production
remaining.
- 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”.
- Loan
is
due and payable
upon the sale of
the cows (or offspring)
or 365 days
whichever comes
first.
- Should
any cattle
financed
on this program
be sold
anywhere
except at an
approved
market,
a charge
$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
(Your
deposit
is not “pooled” and
earns
interest)
- Invoices
will not
be paid
until the
deposit
is received.
- Variable
interest
rate
is Prime
+ 1%.
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|
Fee
Structure |
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• Administration
fee of
$10.00 per
head.
• $5.00 per head Rep
fee.
• Mortality insurance
is available through Canadian
Farm Insurance. |
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