For those with two years of experience or more, Scotiabank is offering a new finance option for sheep farmers to expand the ewe flock.
The Ontario Sheep Farmers (OSF) and Scotiabank have partnered on a new short-term financing option to add ewes through the Scotiabank Yield More Financing program.
Ontario Sheep members may access funds to purchase ewes and/or feeder lambs as a revolving line of credit with a simple application and approval process, Ontario Sheep says. There are no security requirements, but credit scores are required.
“We know our members are eager to expand their operations because of the optimism and opportunities in the sheep industry – for meat, dairy and wool,” says OSF chair John Hemsted. “OSF worked together with Scotiabank to create this opportunity – the first of its kind for the Ontario livestock sector – that will provide resources that our members are looking for.”
Farmers looking to access the new funding can contact the OSF office to work with staff to complete the application form, or the application can be completed directly with Scotiabank.
The application window opens September 1st, 2022.
Application information is available at ontariosheep.org under the “Programs” tab.