Applicants without the minimum livestock requirements may receive consideration upon the submission of an acceptable business plan. Applicants must demonstrate that sufficient resources exist within their operation for the proper care and control of the livestock . This certificate will confirm the cattle to be purchased are bred and are in good health. Final disbursement of funds will not occur until this certificate is provided. A business plan identifying market risk and access may be required.
Identification numbers are to be provided when loan funds are disbursed.
Purchased cattle may be subject to on-farm verification. The repayment period will be a maximum of eight years. The loan can be paid out in five years. Early payout of the loan other than on the fifth year will result in interest penalties. Loans to purchase cattle will not exceed eight years.