News - SK Livestock Finance Co-operative Ltd.

Drought Support for Saskatchewan Livestock Producers
August 22, 2023
SKLF welcomes yesterday’s AgriRecovery announcement in response to the Saskatchewan Stock Growers Association’s (SSGA) enhanced drought-survival proposal , which expressed an urgent call for additional action to assist livestock producers facing extreme drought conditions across the province.

Yesterday, the Saskatchewan Ministry of Agriculture announced the province will be providing up to $70 million in support to offset extraordinary costs of feeding livestock to maintain their breeding herds; while Agriculture and Agri-Food Canada (AAFC) confirmed they are rushing the completion of an assessment to examine the impact of the drought.

“We greatly appreciate the efforts of the province for announcing their portion of a $200 per head payment for eligible breeding animals. Expediting the AgriRecovery process gives producers much needed certainty and clarity on financial assistance,” affirmed SSGA President Garner Deobald.

Though the drought area is smaller than 2021, producers feel the impact of this year’s drought is more severe due to compounding years of drought and depleted soil moisture. “We are hopeful AAFC’s announcement will include an additional $120 per head -equivalent to the program AAFC delivered in 2021, which provided a 60 per cent matched contribution – the well-established precedent for AgriRecovery assistance,” added Deobald. “We trust the relief will be timely so that producers can make informed business decisions for their operations. We believe that AAFC’s additional impact assessments will get financial assistance into the pockets of producers that need it the most,” he said.

Though further details are expected in the coming days, SKLF wants livestock producers to know that animals will need to be in inventory as of August 21st, retained until January 31, 2024 – and that eligible extraordinary expenses will be retroactive to June.

Saskatchewan Crop Insurance Corporation is providing more information and application forms online at www.scic.ca or by calling toll-free: 1-844-723-1211.

Malignant Catarrhal Fever

Malignant Catarrhal Fever – Informational Document

Would you like to put a little more weight on those feeders?

Have some payments due shortly? Recoup some of your feed expenses?

Use your SKLF Feeder Program and speak to your Regional Coordinator about our Feeder Readvance Program*!
* some conditions apply

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Would you like to increase your herd?

SKLF is pleased to announce INCREASED MEMBER LIMITS*!

Individual Membership: up to $750,000!
Corporate Membership: up to $2,500,000!

Speak to your Regional Coordinator for more information!
*some qualifications apply

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Agribition

SK Livestock Finance Co-operative Ltd. will be attending the upcoming 2022 Canadian Western Agribition from November 28 – December 3, 2022.

Please come and visit us at booth 104 in the International Trade Centre!

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2021 SKLF Drought Assistance Program

With the strong support of the Board, we are pleased to announce the SKLF Drought Assistance Program.

Partial or no annual Breeder payment (interest payment required)
Calves or bred heifers may be rolled in the programs with proceeds available to purchase feed or for other expenses
Where necessary, Livestock may be moved to Alberta to be fed

For additional information, please contact your local Regional Coordinator.

*Fees and conditions apply to qualifying members.

2021 Canada-Saskatchewan Drought Response Initiative

The 2021 Canada-Saskatchewan Drought Response Initiative provides financial relief to help offset the extraordinary costs livestock producers face related to the current drought, with a per head payment on female breeding animals.

Registration is now Open

Terms & Conditions

Program details on the 2021 Canada-Saskatchewan Drought Response Initiative are outlined in the Terms and Conditions. Participants must agree to Terms and Conditions of the Program prior to applying. Review the terms and conditions here.

Click Here to Review Program Details & Eligibility

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SKLF OFFICIALLY LAUNCHES AT 2019 AGRIBITION | December 18, 2019

SK Livestock Finance Co-operative had a busy week at Agribition the last week of November! We were so thrilled that many of you came to say hi, drink cup of coffee with us and learn more about our co-operative. We couldn’t have thought of a better way to officially kick off SKLF in Saskatchewan.

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BEEF BUSINESS MAGAZINE: SK LIVESTOCK FINANCE CO-OPERATIVE OFFICIALLY LAUNCHED | November 2019

It’s been a whirlwind launch for SK Livestock Finance Co-operative (SKLF) before it officially launched on September 24, 2019. Within a record six months, the new co-operative was planned, organized and operational.

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SWIFT CURRENT ONLINE: THE S-K LIVESTOCK FINANCE CO-OPERATIVE GAINING MOMENTUM | October 10, 2019

The S-K Livestock Finance Co-operative was established earlier this year to replace the Ministry of Agriculture’s old Livestock Loan Guarantee Program. General Manager Terry Wensley, says the new Co-operative is a member based operation.

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CANADIAN CATTLEMEN: NEW FINANCING OPTION AVAILABLE FOR SASK. LIVESTOCK PRODUCERS | October 7, 2019

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.

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620 CKRM: NEW FINANCING OPTION OFFERED FOR SASK. LIVESTOCK PRODUCERS | September 26, 2019

Saskatchewan livestock producers have a new financing option. The manager of the Saskatchewan Livestock Finance Co-operative, Terry Wensley, says the new SK co-op is designed to help provide loans to livestock producers to expand herd size.

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YORKTON THIS WEEK: NEW FINANCING OPTIONS NOW AVAILABLE FOR SK LIVESTOCK PRODUCERS | September 24, 2019

Today SK Livestock Finance Co-operative Ltd. (SKLF) officially launches. 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.

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NEWS RELEASE: INNOVATIVE, AFFORDABLE AND COMPETITIVE FINANCING OPTIONS NOW AVAILABLE FOR SK LIVESTOCK PRODUCERS | September 24, 2019

REGINA, Saskatchewan – Today SK Livestock Finance Co-operative Ltd. (SKLF) officially launches. 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.

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UPDATE | September 16, 2019

There have been a lot of exciting things happening at SK Livestock Finance Co-operative (SKLF) over the past couple of months! We are excited to share some of those updates with you today. Firstly, we are thrilled to have received applications from over 800 members across the province! We have been working diligently since November 2018 to build a co-operative that offers innovative, affordable and competitive financing options for our members and we are looking forward to working together with all of you going forward.

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PREECEVILLE PROGRESS: SK LIVESTOCK FINANCE CO-OPERATIVE OFFERS NEW OPPORTUNITIES FOR SASK PRODUCERS | September 12, 2019

Livestock producers in the province of Saskatchewan and will now have a more affordable way to build their herds through the newly formed finance co-operative. The SK Livestock Finance Co-operative Ltd. (SKLF) was established in March 2019 with the purpose of providing innovative, affordable and competitive financing options for Saskatchewan livestock producers. SKLF was initially developed by a group of provincial producers and is largely modeled off the historic Saskatchewan Ministry of Agriculture Livestock Loan Guarantee (LLG) program.

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CANADIAN CATTLEMEN MAGAZINE: CATTLE PRODUCERS STEP IN TO REPLACE SASKATCHEWAN’S LIVESTOCK LOAN GUARANTEE PROGRAM | August 16, 2019

Saskatchewan’s livestock loan guarantee program wrapped up at the end of July, but a producer-led group is set to fill the gap. The province announced the end of the livestock loan guarantee program last summer, stating that lending wasn’t a core government function. Dropping participation was another reason given for the program’s end. Association members gathered at Canadian Western Agribition last fall to form a steering committee for the new co-operative, Karen Briere at the Western Producer reported.

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MEET OUR TEAM | August 1, 2019

SK Livestock Finance Co-operative is pleased to introduce our amazing team! Read a bit more about our members by following the link below. We look forward to working with you!

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WESTERN PRODUCER: FINANCE CO-OP SET UP IN SASK. | June 13, 2019

A producer-led replacement for Saskatchewan’s livestock loan guarantee program should be in place within weeks. The SK Livestock Finance Co-operative is finalizing details with its financial partner and is expected to be operational before the provincial feeder and breeder program ends July 31.

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INTRODUCTION & UPDATE | May 10, 2019

On behalf of the Board of Directors for SK Livestock Finance Co-operative (SKLF), I am excited to share our first update with you! We have been working diligently over the past few months to form the new co-op that will replace the Ministry of Agriculture’s Livestock Loan Guarantee Program. We are so proud of the progress we’ve made to date and look forward to providing you with regular updates as we progress in the months ahead.