Agricultural Credit Corporation – Ginseng Storage Loan Guarantee Pilot Program


The Ginseng Storage Loan Guarantee Pilot Program (GSLGPP) is an industry-led pilot loan guarantee program created by the Government of Ontario. It aims to assist the province’s ginseng farmers in sustaining and growing their business.

Comments on Funding:

Funding is a loan of up to a maximum of $1,000,000.
Loan terms and conditions:
1. financing is up to 36 months;
2. the rate for ginseng in storage is set by the Ontario government;
3. loan calculation is related to quantity of ginseng in storage;
4. repayment:
a) as crop is marketed, or by repayment deadline, or upon demand;
b) deadline to repay: march 31st (for the 36-month program).


Applicants must be:

  • based in Ontario;
  • ginseng farmers;
  • enrolled in AgriStability and own the ginseng inventory.

Applications Steps:

Applicants must call ACC for more information about the program or to process an application at 1-888-278-8807.

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