The provincial government is giving feeder association members more options to purchase and market livestock and to generate better cash flow for their operations.
It is amending the Feeder Associations Guarantee Regulation. The changes raise individual and joint membership loan limits, excluding advances, to $3 million from $2 million.
Cattle prices have increased 25 per cent since the start of the year and are expected to keep rising. Alberta’s livestock producers are in greater need of easily accessible, low-interest capital backed by a government guarantee, the government said in its announcement.
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Alberta’s Feeder Associations Loan Guarantee Program helps local, producer-run cooperatives get competitive financing.
