Ontario* Feeder Cattle Co-op Program
Let your local Feeder Co-operative work for you!

*You must live or own land in Ontario   

A Simply Five Step Process:

• Beef producer applies to the Co-op's Board of Directors for membership.
   

• After becoming a member, applies for a purchase order of the amount of anticipated feeder cattle purchase, maximum loan of $500,000. You will deposit 5% of purchae order requesed as an Assurance Account.
   

• Once member receives purchase order, feeder cattle may be purchased.
   

• The Co-op facilitates the payment for cattle.
   

• Loan may be used to feed up to four groups of cattle.

What The Co-operative Does For You:

• Attractive interest rate.
   

• NO PAYMENTS until cattle are sold (maximum 1 year).
   

• FINANCING up to 100%.
   

• Loans may be obtained for home-produced calves, or for purchased cattle.
   

• Limited financial information required for application.
   

• Lending is based on producer's integrity and ability to feed cattle.
   

• Co-op supplies ID ear tags (not CCIA), handles all paperwork for loan, administers all correspondence with the lender, and insure the cattle.

Costs to Members

• Annual membership fee of $25.00 plus HST
   

• COSTS THAT MAY be included in the loan

  • Processing fee

  • Co-op ear tags

  • Cattle insurance

  • PMSI registration  

  • Credit Checks
     

For more information about:

• Membership Benefits

• Membership

• Financing Policies

• Your Local Cattle Feeder Co-operative

please contact:

Rainy River Feeder Finance Co-Operative
Box 745
Rainy River, ON P0W 1L0

Phone: 807-276-3813
Email: feederbreederfinance@outlook.com

Rainy River Beef Breeder Finance Co-Operative
Working for you and the Community.

Types of Loans:

• Cow - 5 Year Loan
• Open Heifer - 1 Year Loan
• Bull - 3 Year Loan

Ownership of Cattle:

• The cattle purchases will remain the property of the Rainy River Beef Breeder  Finance Co-operative Corporation.  The Rainy River Beef Breeder Finance Co-Op has the right to reclaim any cattle which, in the opinion of the Supervisor and/or the Directors, are not being properly care for or present a financial risk to the co-op.
   

Member Eligibility

• To be eligible for financing you must be a current member, 18 years of age or older and own or rent farm land.
   

Security Account

• You will deposit a percentage as indicated below of the credit requested into a security account held by the co-op.  If any producer has a deficit in his account after the cattle are sold, the security account is used to cover the deficit.  The producer can request to have the funds applied to the final payment.

  Cow Loan

  • 5 year loan with 15% security deposit
  • Cows can be bred or open but must be under 48 months

  Heifer Loan

  • 1 year loan with 10% security deposit
  • Heifers must be open but may be exposted to bull at any time after financing
  • Will be rolled over to a Cow Loan after 1 year

  Bull Loan 

  • 3 year loan with 15% security deposit