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Beef Breeder Loan Co-ops were established in 2002 and as of
January 2009, 8 Co-ops continue to operate throughout certain
areas of Ontario, with one other co-op still in the process of
winding down due to lack of activity. All Co-ops continue to have
lending arrangements with Farm Credit Canada (FCC) and continue
to offer loans of up to $50,000 for the purchase of cows and bred
heifers. A 15% assurance account deposit is required and
repayment is generally five years.
Statistics indicate that, provincially, the program has
maintained itself. However, 45% of the activity is in the
two Co-ops operating mainly in Bruce and Grey counties.
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