About FAA
Local Feeder Associations Administer the Program
Local feeder associations are formed under the Co-operatives Act and Regulations. There are currently 45 local associations.
The FAA board; your partners in livestock financing
In each feeder association a Board of Directors approves and monitors contracts with individual members. Each board hires a Supervisor and a Secretary/Treasurer to administer contracts and maintain financial records.
Making feed, fuel and livestock affordable
Before receiving cattle, individual feeder association members must submit a security deposit of 5% of the value of the contract to their local feeder association. Assessment of financial strength, credit worthiness and cattle feeding experience of the individual continue to be key elements of risk management performed by the local associations. No additional security is required.
Member Benefits - Here’s help for growing your herd
The program provides farmers with a competitive method of acquiring livestock (interest rates less than prime) for growing and finishing purposes. Individual Members are eligible to obtain up to $3 million and Corporations $3 million worth of livestock (with board approval). Members may also access one of the Livestock Indemnity Trust plans that reduce the extreme financial hardship that might result from animal death loss.
