Agriculture Services
Canadian Agricultural Loans Act (CALA) Loan
This is a federal government guaranteed loan program designed to provide farmers and farmer co-operatives with farm financing. Operating under the Canadian Agricultural Loans Act (CALA) Program, it accommodates a wide variety of financing needs.
- A CALA Loan may allow you to:
- purchase farm real estate, livestock (breeding herd), and farm equipment (including repairs),
- construct farm buildings,
- purchase crop storage condominiums, or
- consolidate debt (under special circumstances).
- Eligible applicants include:
- Existing farmers
- Beginning/start-up farmers
- Farmers taking over the family farm
- Agricultural co-operatives with a majority (50% plus 1) farmer membership
- Floating and/or fixed rate payments may be made on a monthly, quarterly, semi-annual or annual basis.
- Usually the asset being financed is used as security for the loan.
Amounts:
90%1 of the purchase price may be financed up to a
- maximum $500,0002 per farmer, or
- maximum $3,000,000 per cooperative.
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