Commodity Loan Guarantee Program
The Commodity Loan Guarantee Program (CLGP) supports farmers by providing access to short-term operating loans for the purchase of crop input supplies, such as seed, fertilizer, and pesticides. It is administered on behalf of the Ministry by the Agricultural Credit Corporation (ACC); a private sector, not-for-profit financial institution comprised of various producer associations and marketing boards. Under the CLGP, qualifying farmers can borrow up to $750,000.
Recent Improvements to the CLGP
In early 2016, the Ministry implemented some minor changes to allow ACC the option to use a General Securities Agreement when securing a loan with creditors and to add farm input suppliers as a potential credit check source.
Additional program delivery details are communicated to Program Administrators and participants through Program Guidelines. The latest CLGP Program Guidelines can be found here.
Program Applications and Enquiries
Applications and additional details about the program and loan rates can be found here: www.agcreditcorp.ca/commodity_loan_program
For additional enquiries contact:
For more information:
Toll Free: 1-877-424-1300