Canadian Agriculture Loans Act (CALA)

A federal government guaranteed loans program designed to encourage lenders to provide farmers with credit for improvements to their farm activities, as well as for farming cooperatives to develop efficient processing, distribution or marketing processes.

Affordable: Expand/Collapse

"You can grow your farm with a smaller down payment."
- 10% down payment - beginning farmers
- 20% down payment - existing farmers

Cost Savings/Earnings: Expand/Collapse

"You have an opportunity to keep more money in your pocket."
- Free mortgage renewals.
- 20% pre-payment option annually on fixed rate mortgage.
- No penalty on non-mortgage.

Flexible: Expand/Collapse

"You can adjust your payments to fit your needs."
- Multiple Repayment Options, including:

  • Payment frequency.
  • Flexible terms and borrowing limits.
  • Mortgage loans (land and buildings) up to 15 years and up to $500,000.
  • Non-mortgage loans up to 10 years and up to $350,000.
  • Automatic transfers or self-serve payments.
  • Fixed or variable rates.

Peace of Mind: Expand/Collapse

"You can protect your assets and your family."
Loan Insurance:

  • Life disability.
  • Critical Illness.
  • Loss of employment.

Additional Information:

- CALA premium can be added to your loan.
- For more information on this program, visit the CALA government website.

Who might benefit from this product/service?

Beginning farmers, existing farmers and agriculture cooperatives requiring agricultural credit for other than operating expenses.


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