Canadian Agriculture Loans (CALA)

Designed to increase the availability of credit to farms and agricultural co-operatives, the Canadian Agricultural Loans Act (CALA) provides federal loans, guaranteed by the Government of Canada. CALA gives producers a unique opportunity to establish or improve their farming operations, and expand their market reach. Producers may receive up to $500,000 in financing for property and land and $350,000 for the purchase of other eligible assets. Agricultural co-ops may be eligible to receive a maximum of $3 million, upon approval from the minister of Agriculture and Agri-Food. Terms for the loan cannot exceed more than 10 years, or up to 15 years for land and property purchases. Variable interest rates on the loans are capped at prime plus 1%, and fixed rates are equal to the residential mortgage rate plus 1%. For more information, reach out to one of our agricultural advisors.