New financing option available for Sask. livestock producers

SK Livestock Finance Co-operative replaces province's Livestock Loan Guarantee Program

New financing option available for Sask. livestock producers

Sept. 24 saw the official launch of the SK Livestock Finance Co-operative Ltd. (SKLF). This new member-based co-operative is owned by Saskatchewan livestock producers and provides innovative, affordable and competitive financing options for cattle and bison producers across the province of Saskatchewan.

“We are very excited to be in a position to officially launch this new co-operative,” said Sandra Moen, Chair of the SKLF Board of Directors. “We have been working tirelessly over the past nine months to establish a co-operative that both meets the needs of Saskatchewan cattle and bison producers and contributes to the growth and longevity of the livestock industry in our province.”

SKLF was established to replace the historic Livestock Loan Guarantee Program that was previously operated by the Saskatchewan Ministry of Agriculture. The previous program began operations in 1984 and has supported thousands of producers over its 35 years of successful operation. SKLF will be able to provide loans under similar terms, with oversight and direction being driven from membership.

“SKLF wouldn’t have been possible without the support we’ve received,” added Moen. “I would especially like to thank board of directors who have volunteered countless hours towards this initiative and our business advisors from McNair Business Development Inc. McNair has been with us from the very beginning and has been the driving force behind turning our vision into reality. Thank you for everything!”

SKLF is currently focused on transferring producers from the government program to the new co-operative and will be accepting applications from new members starting in the fall. More information about the co-operative and how to apply can be found on SKLF’s website.

SK Livestock Finance Co-operative Ltd. (SKLF) was established in March 2019 with a vision to offer innovative, affordable and competitive financing options for Saskatchewan cattle and bison producers. SKLF is a member-owned co-operative that offers financing options for cattle feeder, cattle breeder, bison feeder and bison breeder producers.

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