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Find an Alternative Source of Financing to Expand Your Herd/Flock

The Livestock Loan Guarantee (LLG) program facilitates the growth of Saskatchewan's livestock industry, including cattle, bison and sheep. The program provides producers with alternative financing options to purchase livestock.

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1. Benefits

  • Provides a reliable source of credit at competitive interest rates. 
    • Livestock and assurance fund deposit are pledged as loan security.
  • Improves cash flow management through retained ownership options.
  • Associations are producer-controlled.
  • Producers may be eligible for an interest rebate on the first $100,000 of eligible feeder advances through the Advance Payments Program
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2. Eligibility

Residents of Saskatchewan who are at least 18 years of age are eligible for the program, subject to association, lender and government approval. 

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3. How To Apply

Producers apply for membership in a feeder and/or breeder association. Once approved, the association may begin to borrow funds from a lender to purchase feeder or breeder livestock on behalf of the member, subject to the following terms and conditions: 

  • Members must maintain an assurance fund deposit equal to at least five per cent (feeder) or 10 per cent (breeder) of the outstanding loans taken by the association on the member's behalf. This deposit is refundable, provided it has not been used to offset a loan default.
  • Members may sell their own feeder heifers and steers, or bred heifers to the association for fair market value to generate operating capital while maintaining the benefits of ownership (some restrictions apply).
  • All livestock purchased by the association on behalf of a member, and any offspring, are owned by the association and must be branded/tagged with the association's registered brand/tag.
  • Members are responsible for repaying in full any loan(s) taken out by the association on their behalf. Producers continue to be responsible for repayment of loans should a guarantee payment be made to the lender.
  • All livestock are sold in the name of the association on behalf of the member. The association makes the required payment on the member's account and returns any excess to the member.

Please see the Livestock Loan Guarantee Program - Policy and Procedure Manual for further information.

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4. Further Information

Government Guarantee

The Government of Saskatchewan guarantees the lender repayment of 25 per cent of the amount outstanding on loans at the time of first default. In the case of a default after all inventory has been disposed of, the association repays loans from the assurance fund before any payment is made under the government guarantee.

Cattle and Bison Loan Limits and Conditions

  • The maximum loan limit* per member is $500,000
  • The maximum loan limit* per corporation is $1,500,000
Cattle Feeder and Breeder Option
  • Loans for feeder heifers and steers must be repaid within 12 months from the date of purchase or when the cattle are sold, whichever comes first.
  • Loans for feeder cows must be repaid within 180 days from the date of purchase or when the cows are sold, whichever comes first.
  • Breeder loans must be repaid within five years from date of purchase, with 20 per cent annual payments due on the anniversary date or when calves are sold, whichever comes first.
Bison Feeder and Breeder Option
  • Feeder loans must be repaid within 18 months from the date of purchase, or when the bison are sold, whichever comes first.
  • Breeder loans must be repaid within six years from the date of purchase.

Sheep Loan Limits and Conditions

  • The maximum loan limit* per member is $100,000
  • The maximum loan limit* per corporation is $100,000
Sheep Feeder and Breeder Option
  • Feeder loans must be repaid within six months from the date of purchase, or when the feeders are sold, whichever comes first.
  • Breeder loans must be repaid within four years from the date of purchase, with 25 per cent annual payments due on the anniversary date, or when the lambs are sold, whichever comes first.

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