Services

Sask-First Lamb Feeder Co-op
The Sask First Lamb Feeder Coop Ltd has been in place since 1999 to allow provincial sheep producers access to the sheep feeder/breeder option of the Livestock Loan Guarantee Program.

The Livestock Loan Guarantee (LLG) Program provides sheep producers with alternative financing options for sheep purchases, and may be used as a management tool to generate cash flow through retained ownership of sheep by the province-wide sheep association, Sask First Lamb Feeder Co-op Ltd.

Sheep producers can apply for membership and then obtain financing for the purchase of feeder wethers or ewe lambs, pregnant females less than four years of age and non-pregnant females less than four years of age with a lamb(s) at foot.

Key producer benefits include a reliable source of credit at competitive interest rates with reasonable repayment terms, the ability to purchase sheep during times of limited cash flow due to minimal assurance fund deposit and additional security for the lender through an assurance fund and a government guarantee.

Individual member loan limits in both the feeder and breeder options provide producers with the following limits:

• First year limit is $35,000.
• Second year limit is $70,000 for a member who’s been an active member for at least one year.
• Third year limit is $100,000 for a member who’s been an active member for at least two years.

All loan increases are subject to association, lender and provincial supervisor approval.

For more information:

• Sask First Lamb Feeder Co-operative Ltd. at (306) 466-2142 or 466-7228; or

• Contact the Livestock Loan Guarantee office in Saskatoon at (306) 933-5745 or in Regina
at (306) 787-1438.

• Government of Saskatchewan Website: Programs and Services -- http://www.agriculture.gov.sk.ca/