Livestock producers glowing about increased access to provincial low

The Government of Alberta is increasing access to low-cost loans for livestock producers, and the industry seems fairly happy about it.

The increase is specifically to the lending limit on the Feeder Associations Loan Guarantee Program (FALGP).

The program has been utilized enough to reach its previous limit of $150 million, and will now go to $225 million.

“Alberta is a beef province, and livestock is a huge part of our agricultural industry. Our cattle and sheep producers put food on tables in our province and around the world,” says RJ Sigurdson, Minister of Agriculture and Irrigation.

“Increasing the limit on Alberta’s loan guarantee program will ensure thousands of producers across the province have access to the capital they need to keep producing Alberta’s world-renowned beef.”