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:
- 1Financing is up to 22 months (Includes enrollment in storage component).
- 2Amount borrowed is geared to ‘actual’ cash costs of operation @ 70/75% of farm gate value.
- 3Repayment:
When It Ends:
Ongoing
Deadline:
Rolling Deadline
Eligibility:
Applications Steps:
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.
