Amount:

$750,000

Type of Program:

Loan


Description:

The Commodity Loan Program was developed in 1992 to assist Ontario farmers in financing their crop planting, cultivating, and harvesting expenses.

Comments on Funding:

Funding is up to $750,000 at Prime Interest Rate per eligible company per year.

Loan terms and conditions:

  1. 1
    Financing is up to 22 months (Includes enrollment in storage component).
  2. 2
    Amount borrowed is geared to ‘actual’ cash costs of operation @ 70/75% of farm gate value.
  3. 3
    Repayment:
  • as crop is marketed (no receipts required);
  • farm-fed grains/silage (Nov-Feb);
  • deadline to repay: September 30th. Applicants can transfer balance to CLP storage before December 30th.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

  • Applicants must be Ontario farmers/producers.

Applications Steps:

1

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

Other Things to Note:

ACC offers low cost operating loans to producers in 3 provinces, including Ontario, British Columbia and Quebec.

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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