AFSC offers interim changes to loans for cattle producers

Agriculture Financial Services Corporation (AFSC) is helping producers access capital in response to challenges like drought in recent years.

“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,” says 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.