Alberta’s cattle producers have faced several challenges in recent years, including last year’s dry conditions, which resulted in scarce pasture and winter feed.
Agriculture Financial Services Corporation (AFSC) is ready to help producers access capital to purchase feed, gain access to water, or buy breeding females to rebuild their herd.
“We’ve made some interim changes to our loan processes to ensure Alberta’s cattle producers have access to the capital they need to maintain their herds and operations,” said Jason Turner, Lending manager.
“These changes include quick processing of loans up to $200,000, interest-only payments for up to 24 months, up to 60 month loan amortization, and flexible collateral considerations.”
Cattle producers may be able to use unencumbered breeding females and/or mortgage on their land or other acceptable security to secure their loans.
AFSC can also help existing lending clients through interest-only payments, payment deferrals, and the reamortization of existing loans.
“We encourage producers to contact AFSC and speak to a lending relationship manager to find the right solution to their situation,” said Turner.
If you have questions or would like to learn more about AFSC’s lending options, please contact a lending relationship manager, use Live Chat on our website or AFSC Connect, or call our Client Care Centre at 1.877.899.2372.