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Feed Financing |
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Cattle Financing |
DM&M Feedyard offers feed financing at 8.25%. You will receive a monthly feed bill reflecting the total dollars fed to your cattle each month along with a running balance. You will not pay the bill; however, interest will accrue at the current interest rate. Once your cattle are marketed, DM&M Feedyard will collect the total feed bill, interest included, from the packer and the net proceeds will be sent to you.
Do you want to own cattle, but don't want to go through the hassles of a bank? DM&M Feedyard can help! We will finance your cattle based on the following criteria:
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The cattle must be at DM&M Feedyard at the time financing is requested. |
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The cattle must be fed to market weight at DM&M Feedyard. |
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The owner will provide DM&M Feedyard with the necessary information for a UCC Lien search. |
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Any liens noted on the lien search must subordinate to DM&M Feedyard prior to financing. DM&M Feedyard will obtain a first lien on the cattle. |
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DM&M Feedyard will work with the owner to arrive at a value for the cattle. |
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DM&M Feedyard will finance up to 70% of that value. |
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The owner is responsible for the remaining balance (down payment). |
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Once your cattle are marketed, DM&M Feedyard will collect the principal and accrued interest from the packer and the net proceeds will be sent to you. |
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The current interest rate for cattle financing is 8.25%.
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220 S. Main Street ● P.O. Box 668 ● Cimarron, KS 67835 ●(620) 855-3934 Office ● (620) 855-2505 Fax |