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BREEDERS DIVISION

FEEDERS DIVISION

BRANDS

BULLETIN BOARD

GPP

FIELDMEN

You can fill out the Breeder Application form online, print to sign and date, then mail in.
Print Breeder Application
Bred Heifer/Cow Program
Eligible Livestock
  • Bred heifers, young cows, or cow/calf pairs.
Program Particulars
  • Loan amount of $150,000.00 per yard, upon approval.
  • Loans exceeding $150,000.00 are available upon joint approval by Foothills Livestock Co-Op and our money lender.
  • Minimum loan: 5 head or $5000.00.
  • 1400.00 cap on bred heifers, 1500.00 cap on cow/calf pairs (calf portion maximum of $300.00), and 1300.00 cap on youthful bred cows, to be reviewed from time to time.
  • $200.00 lifetime non-refundable membership fee.
  • Administration cost of $10.00 per head/per year.
  • Heifers or cows must be retained until after first calf crop is sold.
  • Notice must be given to Co-Op prior to sale of livestock.
  • First year administration and insurance costs may be written into loan amount.
  • No prepayment penalties.
  • Choice of 3 or 5 year terms.
Branding
  • All animals must be branded with Foothills Livestock Co-Op Brand (i.e. heifers, cows, and their calves).
Tagging
  • All members are assigned a tag number by the Co-Op. CCIA tags can be used with member's numbers added to the tag.
Security
  • 15% pooled security deposit required.
  • Setup fee of $50.00 (Security Agreement will be registered at Personal Property Registry).
  • If the Co-Op purchases member's own heifers or cows, or private treaty sales, all animals must be free and clear. If cattle are held as security, a release is required, or a cheque for the cattle will be issued jointly to the member and the secured party. A certified brand inspection will also be required.
Interest Rates
  • Floating (Prime +1%). or
  • Fixed (Determined from time to time).
Mandatory Group Protection Plan
  • Accidental - covers accidental death not sickness on a per incident basis, premium is $3.50 per head per year, deductible is one cow per incident.
  • Full Mortality - covers death on cows, premium is 1.5% of the value of the cow per year.
  • Deductible is $1000.00 for accounts under $50,000.00 and 2% for accounts over $50,000.00.
  • Co-op must be notified within 24 hours of death and proof must be provided.
Payment & Sale of Cattle
  • Due date is December 1st of each year.
  • When calves or cows are sold they must be manifested to Foothills Livestock Co-Op in account with member.
  • The loan payment is due immediately at the time calves are sold.
Feedlot Agreement
  • If cattle are fed in custom feedlot, member must have signed waiver with feedlot owner of feedlot agreement signed.
  • Failure to notify the Co-Op before placement of cattle at feedlot will constitute default of all loans.

There is a 1400.00 cap on bred heifers and 1300.00 cap on cows. If you purchase a cow for over that amount its called overage. You can pay the overage immediately to Foothills Livestock Co-Op.
Cow/Calf Pairs Program

There is a $1100.00 cap on the purchase of cow\calf pairs. The breakdown is thus: $800.00 is financed to the cow and the balance up to $300.00 is financed to the calf. These two loans are co-joined. The cow portion of the loan is an interest only payment for the first year with the first principal payment being made the following year. It is a 5 year term contract for the cow loan's principal payment but is actually 6 years when the interest only portion is factored in. The calf portion is set up as a feeder loan and is due Dec. 01 unless the calves are sold prior to the due date then the calf portion must be paid out. If you wish to retain the calves at this time, the calves can be written onto a new feeder contract.

Example
  • purchase of 10 pairs @ $1100.00 each
  • cow portion of loan for $8000.00 (10 cows @ $800.00 each)
  • calf portion of loan for $3000.00 (10 calves @ $300.00 each)

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