Program Details
Eligible Livestock:
Heifer calves, Bred Heifers, Bred Cows, Cow-Calf Pairs, Ewe Lambs and Yearling Ewes.
100% Value Financing for up to 6 year terms* (Costs include: branding, pregnancy testing, commissions and clearing charges, excluding trucking)
10% Security Deposit (Pooled Deposit) or use the Equity that you have in your own Cattle
Loan Max of $250,000 per operation, on exception to a maximum of $500,000 (additional credit assessment)
Interest Rate of Prime + 0.90% (ATB Financial Prime rate 6.95% and effective rate is 7.85% as at June 6, 2024)
ABFI may adjust these amounts at anytime depending on market or other conditions.
Heifers (Open Replacement) to Breed: $3,100/hd
Bred Heifers - $3,700/hd
Youthful Bred Cows (under 5yrs) : $3,700/hd
Older Bred Cows (over 5yrs) 2 yr loan: $3,000/hd
Cow/Calf Pairs (under 5yrs): $4,700/pair
Cow/Calf Pairs (over 5yrs) 2 yr loan: $3,750/pair
Ewe Lambs: $275/hd
Yearling Ewes: $325/hd
If you have any further questions regarding ABFI, please contact your Local Feeder Association Administrator or ABFI office:
Ph: 587-635-5669
Toll-Free: 844-333-3377
Fax: 1.587.635.5672
Email: [email protected]
0.5% of the Total Cattle Value will be Charged as the Loan Administration Fee (minimum of $250)
Administration fees are written into the loan.
Interest Rate: Prime + 0.9%
Annual Payment: Choice of two dates;
June 15th or December 15th
Proceeds from Cull sales are applied to the loan principal balance at time payment is received.