The Conexus Digital Banking Platform will not be available December 5 from 5:00 a.m. to 6:30 a.m. We apologize for the inconvenience.
Canadian Agriculture Loans Act
Specialized support for producers
The Canadian Agricultural Loans Act (CALA) is a federal loan guarantee program designed to increase the availability of credit for farms and agricultural co-operatives.
Use CALA to establish, improve, or develop your farm
Agricultural co-ops can use it to help process, distribute, or market their products
Established producers can get as much as 80% financing for up to $500,000 in property and $350,000 in other eligible assets
New producers can get up to 90% financing
With the Agriculture and Agri-Food Minister’s approval, agricultural co-ops can access up to $3 million
Loan terms can be as long as 10 years, and up to 15 years for land purchases
The maximum interest rate for a variable loan is prime plus 1% and the maximum fixed rate is the residential mortgage rate plus 1%