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Commodity Loan Guarantee Program
Short-term crop input financing for farmers
Offered by Official source: ontario.ca
Ontario Ministry of Agriculture, Food and Agribusiness (OMAFRA)
Record updated
- Funding available
- $ 750,000
- Up to 98% of project cost
- Deadline
- Open continuously
- Location
- Ontario, Canada
Overview
The Commodity Loan Guarantee Program supports farmers in Ontario by helping them access short-term operating loans for crop input supplies. Eligible financing can be used for crop production needs such as seed, fertilizer, pesticides, and other related supplies and services.
At a glance
Funding available
- Maximum funding
- $750,000
- Maximum share of project costs
- 98%
- Increase production or service capacity
- Increase operational productivity
- Optimize production processes
- Ensure financial sustainability
Eligible candidates
- Location
- Ontario
- Eligible Industries
- All industries
- Annual revenue
- All revenue ranges
- Organisation size
- All organization sizes
- Audience
- All groups
- Legal structures
- All legal structures
Start applying for this program
Take a practical assessment to gain a clear understanding of how well this program aligns with your specific needs and long-term goals.
Availability timeline
2026
Periods: 1
Eligibility
Who is eligible?
- Farmers and producers of eligible commodities.
- Applicants producing eligible commodities in Ontario.
Who is not eligible
- Applicants who do not produce eligible commodities in Ontario.
- Applicants who do not meet the required credit review.
- Applicants who owe money to the administrator or the Crown.
Eligible expenses
- Crop input supplies, including seed, fertilizer, and pesticides.
- Related supplies and services normally associated with crop production.
- Production insurance premiums.
Eligible geographic areas
- Ontario
Activities funded
- Short-term operating loans for crop production.
- Financing to purchase crop input supplies.
How to apply
- Step 1: Visit the ACC website
- Find the application and program details on the Agricultural Credit Corporation website.
- Review the loan rates and program information.
- Step 2: Prepare the application
- Complete the required application with the necessary information for the credit review.
- Provide the information requested by the administrator.
- Step 3: Submit through ACC
- Submit the application to the Agricultural Credit Corporation.
- Follow up with ACC for further processing.
Selection criteria
- Creditworthiness of the applicant.
- Compliance with program requirements and loan conditions.
- Proper security for the loan.
Processing and Agreement
- Applications are reviewed by the Agricultural Credit Corporation.
- Producer loan creditworthiness is assessed before approval.
- If a guarantee claim is made, the ministry reviews the loan before paying the guarantee.
- Participants may be audited or inspected and must provide requested information.
Additional information
- The program is administered by the Agricultural Credit Corporation on behalf of the Ontario ministry.
- Applications and loan rate details are available on the ACC website.
- The guidelines may change from time to time.
- Participants may be subject to audits, inspections, and reporting obligations.
Contacts
Official sources
Frequently Asked Questions about the Commodity Loan Guarantee Program Program
What is the Commodity Loan Guarantee Program?
The Commodity Loan Guarantee Program supports farmers in Ontario by helping them access short-term operating loans for crop input supplies. Eligible financing can be used for crop production needs such as seed, fertilizer, pesticides, and other related supplies and services.
How much funding can be received?
Commodity Loan Guarantee Program Funds up to 98% of admissible expenses, capped at $750,000 per project.
What is the deadline to apply?
The program is accepting continuous intake
Who is eligible for the Commodity Loan Guarantee Program program?
To be eligible for the Commodity Loan Guarantee Program program, you must:
Ontario producer of eligible commodities.
Must pass a credit review.
Must meet loan security requirements.
What expenses are eligible under Commodity Loan Guarantee Program?
Crop input supplies, including seed, fertilizer, and pesticides.
Related supplies and services normally associated with crop production.
Production insurance premiums.
Who can I contact for more information about the Commodity Loan Guarantee Program?
You can contact Ontario Ministry of Agriculture, Food and Agribusiness (OMAFRA) by email at advance@agcreditcorp.ca or by phone at 519-766-0544.
Where is the Commodity Loan Guarantee Program available?
The Commodity Loan Guarantee Program program is available the province of Ontario.