ELIGIBLE LIVESTOCK

Cattle

Open Replacement Heifers, Bred Heifers, Bred Cows, and Cow/Calf Pairs. Breeding bulls are not eligible.

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​Sheep and Goats

Ewe Lambs up to 15 months old, Yearling Ewes under 2 yr old & lambed once, Goat Does under 2 years old. Rams & bucks are not eligible.

 

 

• ​All financed livestock are not to be used for recreational purposes, and recreational type cattle are not allowed on the program (ie: roping, penning, cutting, rodeo, longhorns, etc.)

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• Pregnancy must be confirmed by a letter/certificate from the vet on all bred livestock that are bought privately. This is not required if bought as ‘bred’ from an Auction Market.

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• Bred Heifers from a Feeder Association loan are eligible to be financed through the Co-op without having to be brand inspected again. A confirmation of pregnancy as identified above must be provided to the Co-op at the time of “rollover”, and they will have to be branded with the Chinook Breeder Co-op brand. If the member is retaining or purchasing ‘open replacement heifers’ with the intent to finance them through the Breeder Co-op, it is recommended to initially put them on the Open Replacement Heifer program within the breeder co-op and only the one brand is necessary. If you are intending to either retain and pay out or sell these now-bred heifers and not put them into the breeder program, then it is recommended you still use the Feeder Association. program as it is a cheaper interest rate.

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• Member may purchase livestock privately (neighbor, or your from your own herd.) but cattle must be brand inspected by LIS, a Personal Property Search is done on the seller, and depending on if ‘livestock’ or the ‘ALLPAP’ show up on it, then a Security Interest Waiver must be obtained from the seller so we can get clear title to the livestock being financed. A third party evaluator (licensed Alberta livestock dealer or a credible third party evaluator) must provide an opinion of the animal’s current market value. This only applies if the livestock are not purchased through an auction market or licensed order buyer.

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• Chinook Breeder Co-op remains the owner of all livestock financed until the loan is satisfied in full, at which time the Member becomes the owner of the livestock and are encouraged to put your own brand or tags on them at that time. Brand releases will not be issued. If cattle have not been rebranded then sale proceeds will be paid to the Co-op, who will then issue the member a proceeds cheque.

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• All livestock must remain within the Province of Alberta, unless approved by the Board of Directors, and livestock cannot be grazed on any Indian Reservation. Supervisor is to be notified any time Co-op livestock are moved to another location (example grazing reserve or summer pasture). He is to know at all times where the livestock are located. If the intended location is on rented land (unless rented by the year or per acre), then the Custom Feeding Agreement is required, to protect the Member and the Co- op. If it’s an annual or per acre rental agreement, then a copy of that agreement is required. If this affects you, please notify the administrator and she will provide you with a copy of the Custom Feeding Agreement to be signed by all parties (member, landlord & Co- op).

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• A Livestock Manifest is NOT a sufficient bill of sale. A blank Bill of Sale is required.

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