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.

Program Guidelines

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:
Agricultural Credit Corporation
660 Speedvale Avenue West, Suite 201
Guelph, ON
N1K 1E5
Phone: 1-519-766-0544
Toll Free: 1-888-278-8807


For more information:
Toll Free: 1-877-424-1300
E-mail: ag.info.omafra@ontario.ca
Author:
Creation Date: 04 August 2016
Last Reviewed: 05 January 2017