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Agriculture

First Rate Products for Farms & Ranches

Our Agriculture Team Specialists know that our farmers and ranchers work hard in a competitive industry. We offer a diverse range of agriculture products and services to meet the growing needs of our farming families.

Farm Term Loans & Mortgages

Funding assistance at competitive rates is provided for a variety of needs such as:

• Livestock
• Machinery
• Farm Improvements
• Land acquisitions

Operating Lines

Our Operating Line of Credit and Authorized Overdraft products are designed to meet your short-term needs for operating funds such as feed, seed or supplies. The length of the term and security requirements are customized to each farmer’s operation.

Preferred rates and conditions for both Terms Loans and Operating Loans may also be available through government guarantee programs such as the Farm Improvement Marketing Co-operatives Loans Act (FIMCLA) and Alberta Financial Services Corporation.

Pre-Approved Lines of Credit

For qualifying members, a special line of credit for a pre-approved amount can be set up for an anticipated usage rather than a specific purchase today. Once you have used a portion, or the entire amount of the loan, receipts must be provided regarding the specifics of the purchase. For more information on special terms and conditions please speak with your Servus Credit Union Agriculture representative.

Farm Plan Analysis

Using our farm plan analysis, we can conduct a detailed analysis of your operation. Cash flow projections and financial ratio analysis will prove to be invaluable tools in fitting you with the best financial services possible.

AgriInvest

AgriInvest helps you manage small income declines through a government funded, income matching program. Each year, producers can make a deposit into an AgriInvest account and receive a matching contribution from federal and provincial governments. When you require these funds, you can withdraw them at any time.

Government and producer deposits are based on allowable net sales, which is defined as “sales of eligible commodities less purchases of eligible commodities.” Each year you can contribute up to 1.50% of your allowable net sales. 

AgriInvest is part of the Growing Forward suite of federal-provincial-territorial business risk management programs. For additional information, visit the program website at www.agr.gc.ca, call AAFC toll free at 1.866.367.8506 or contact an agricultural specialist at Servus Credit Union.

Opening an AgriInvest Account at Servus Credit Union:

For the 2009 program year, you can make deposits into an AgriInvest account at Servus Credit Union. AgriInvest Deposit Notices for the 2009 program year were mailed to producers in July 2010. The notices included information on setting up a new AgriInvest account and an Account Initiation Form. To open a new AgriInvest account at Servus, complete the Account Initiation Form and return it to your local Servus Credit Union branch.

Servus AgriInvest Account Features:

• High interest rate paid on the entire balance

• No monthly fee and no statement fee

• One free transaction per month