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Canadian Agriculture Loans Act
Specialized support for producers
The Canadian Agricultural Loans Act (CALA) is a federal loan guarantee program designed to increase the availability of credit for farms and agricultural co-operatives.
Use CALA to establish, improve, or develop your farm
Agricultural co-ops can use it to help process, distribute, or market their products
Established producers can get as much as 80% financing for up to $500,000 in property and $350,000 in other eligible assets
New producers can get up to 90% financing
With the Agriculture and Agri-Food Minister’s approval, agricultural co-ops can access up to $3 million
Loan terms can be as long as 10 years, and up to 15 years for land purchases
The maximum interest rate for a variable loan is prime plus 1% and the maximum fixed rate is the residential mortgage rate plus 1%
Don’t see a loan that fits your agri-business? Don’t worry!
One of our other loans may be a better fit for you.
Thinking about applying for a business loan?
Our business advisors are happy to help you find the one that best fits your needs.
Learn more about the Canadian Agricultural Loans Act Program
Learn more about Canadian agricultural programs and services