FCC Launches Replacement Heifer Program

Farm Credit Canada (FCC) has launched a new program to assist Canadian producers in maintaining or expanding their cattle herd. The FCC Replacement Heifer Program consists of a loan with a maximum two-year period of interest only and a maximum life of seven years. Variable interest rates will be capped at prime plus 1.5%, and processing fees will be waived, FCC said in a release Tuesday. “The drought conditions this summer affected a large cattle producing area in Western Canada and right