Changes announced to help the province's beef industry

Alberta is raising the individual and joint membership loan limits for the Feeder Associations Guarantee Regulation.

The changes excluding advances will increase the loan limits from $2 million to $3 million.

Minister of Agriculture and Irrigation RJ Sigurdson says the amendments ensure thousands of producers across the province have access to the capital they need to keep producing beef.

Alberta’s Feeder Associations Loan Guarantee Program helps local, producer-run cooperatives get competitive financing to ensure they can continue being a player in the global market.

Alberta is home to 45 feeder associations, with about 2,100 total members.

More information on the Feeder Association Loan Guarantee Program can be found here.