Canadian Agricultural Loans Act program
Canada
Loan guarantee for farmers
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Agriculture and Agri-Food Canada (AAFC)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a loan of up to $500,000 for the purchase of land and the construction or improvement of buildings or $350,000 for all other loan purposes, including consolidation/refinancing
grant_single_labels|projects
There are multiple projects and activities eligible for the Canadian Agricultural Loans Act (CALA) Program:
- Establishing new farms
- Improving existing farms
- Developing farm infrastructure
- Processing agricultural products
- Distributing agricultural products
- Marketing agricultural products
grant_single|admissibleProjectsExample
$150,000
Montreal
Marketing campaign for organic farm products
$350,000
Ottawa
Refinancing of existing debt for stable expansion
$300,000
Saskatoon
Establishment of a new farm specializing in heirloom grains
$200,000
Toronto
Development of distribution network for locally grown produce
$500,000
Vancouver
Purchase of land and construction of a greenhouse for organic vegetables
$300,000
Calgary
Renovation and expansion of dairy processing facilities
grant_single_labels|admissibility
Eligibility Criteria Summary: Farmers and agricultural co-operatives in Canada can access loans under the Canadian Agricultural Loans Act (CALA) Program to support the establishment, improvement, and development of farms.
- Applicants must be farmers or agricultural co-operatives in Canada.
- Loans can be used for farm establishment, improvement, development, processing, distribution, or marketing of agricultural products.
- Individual farm operations have a maximum aggregate loan limit of $500,000, while agricultural co-operatives have a limit of $3 million with Minister's approval.
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for the Canadian Agricultural Loans Act (CALA) Program. Farmers and agricultural co-operatives in Canada can benefit from this loan guarantee program to support farm establishment, improvement, development, processing, distribution, and marketing activities.
- Farmers engaged in agricultural activities
- Agricultural co-operatives involved in processing, distribution, or marketing of agricultural products
grant_eligibility_criteria|who_cannot_apply
There are specific types of companies that are not eligible for this grant.
- Companies involved in non-agricultural activities
- Companies not engaged in farming or agricultural co-operatives
- Companies exceeding the maximum aggregate loan limits specified
grant_eligibility_criteria|eligible_expenses
Eligible expenses for the Canadian Agricultural Loans Act (CALA) Program include:
- Land purchase
- Construction or improvement of buildings
- Purchase of farm equipment
- Consolidation or refinancing
grant_single_labels|criteria
The Canadian Agricultural Loans Act (CALA) Program does have evaluation and selection criteria. The criteria include:
- Applicant's eligibility as a farmer or agricultural co-operative
- The proposed use of the loan and its alignment with program objectives
- The financial viability and sustainability of the project or operation
- Ability to repay the loan
- Compliance with program rules and regulations
grant_single_labels|register
- Step 1:
- Review the program's objectives and available funding.
- Step 2:
- Determine eligibility criteria and the maximum loan limits.
- Step 3:
- Apply through an approved lender such as a bank, credit union, or caisse populaire.
- Follow the lender's guidelines and submit the necessary documentation.
Apply to this program
