Feeder Program - More
Individual Application Form
Business/Partnership Application Form
This program is designed to finance cattle purchased from an approved markets .
NOTE: Home raised calves can still be financed through this program.
- All purchased CFC cattle are to be branded at the Livestock Market with an approved CFC brand.
(There are no exceptions to branding!) - Feeder cattle are financed at 100% of market value (including all expenses on the market invoice).
- CFC can lot the cattle according to your penning system. Just let us know when you start a new pen so that the invoices can be processed into the correct lot.
- If the cattle can be identified on specific lots, sale proceeds can be provided back to the producer upon the sale of cattle.
The whole pen does not have to be sold before proceeds can be returned to the producer. - Feeder loans are due when the cattle are sold or 365 days from the date of purchase or whichever comes first.
- When selling, CFC cattle are to be manifested:
Cattlemens Financial Corp account of “Customers name”. - Cattle financed under this program are not required to sell back to an approved auction market, provided a representative of an approved market has had the opportunity to bid on the cattle.
- A feed advance (equity draw) may be available. Contact CFC for details.
- Lien Waivers are required if cattle are not fed on your property.
- 10% security deposit required (Your deposit is not “pooled” and earns interest)
- NOTE: Calves under 350 lbs. require a 15% deposit.
- Invoices will not be paid until the deposit is received.
- Variable interest rate is as low as Prime + ½%.
Fee Structure
- Administrative fee of 1% on disbursed amounts of $500,000.00 and less.
- Minimum Administration Fee $1,000.00
- $15.00 per head on amounts over $500,000.00
- $2.50 per head Market Rep fee
- Mortality Insurance is available through Canadian Farm Insurance.
- Fees are negotiable on Loans over 2 million.