Eligible Livestock

  • Feeder Cattle including: steers, heifers, young feeder bulls (no breeding bulls), and cows that are fed in dry lot.

Program Particulars
  • Minimum loan amount $5,000.00.
  • Maximum loan amount up to $250,000.00 per yard.
  • Loans exceeding the maximum amount may be available upon joint approval by Foothills Livestock Co-Op and our money lender.
  • $200.00 lifetime non-refundable membership fee.
  • Loan term is 365 days.
  • $12.00 per head administration charges.
  • One time set up fee of $125.00 (Security Agreement will be registered at Personal Property Registry).
  • No early payout penalties.
  • All financed cattle carry the Foothills Livestock Co-Op Brand

External link opens in new tab or windowClick here to download the Feeders Application (PDF)

Interest Rates

  • Floating - CIBC Prime Rate plus 1/2%

Security Deposit

  • A 10% pooled security deposit is required.

Branding

  • All feeder cattle are required to be branded with Foothills Livestock Co-Op Brand.
  • All private treaty sales require a certified brand inspection payable by the Member prior to branding with the Foothills Livestock Co-Op brand.

Group Protection Plan

  • Mandatory Full Protection Mortality.
  • Premium is 1% of loan.
  • Deductible will apply

Purchasing Cattle

  • The Member can purchase at Auction Marts or Private Treaty (private treaty purchases require a Certified Brand Inspection payable by the member).

Sale of Cattle

  • Feeder cattle are to be manifested to Foothills Livestock Co-Op on account of the member.
  • Notice should be given to Foothills Livestock Co-op prior to selling cattle.
  • Profit may be given throughout an open contract with approval based on the average price of the animals on contract.

Feedlot Agreement

  • If cattle are being fed in a custom feedlot, the member signs a Feedlot Agreement Waiver with the feedlot owner. The form can be obtained from the Foothills Livestock Co-Op office.