Canadian Agricultural Loans Act (CALA) Program Details

Improve or develop your farm with the Government of Canada's CALA Program. It's a loan guarantee program designed with you in mind.

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Canadian Agricultural Loans Act (CALA) Program Details

Enjoy Exclusive Benefits

  • Get a preferred interest rate
  • Manage challenges: Delay your principal payments for up to 11 months
  • Choose either a variable or a fixed interest rate
  • Renew your cash flow: Replace funds used to finance assets purchased up to 60 days ago

Available Financing

CALA loans are available for you up to 90% of the asset being financed:

  • You can receive upto to a maximum of $500,000 for land and construction/ improvement of buildings.
  • You can receive upto to a maximum of $350,000 for all other loan purposes, including consolidation/refinancing.    

Eligibility

You're eligible for a CALA loan guarantee if:

  • You're engaged in farming/intend to be engaged in farming in Canada or you're an agricultural co-op with a majority (50% +1) farmer membership.
  • You are engaged in farming as an individual, partnership, corporation, or a co-operative association.
  • Your gross or projected annual revenue is $10 million or less.
  • Your business is located in Canada

Resources

 

Repayment Terms

  • You can amortize your loan for 15 years for land purchases
  • You can repay loans for any other purpose within 10 years

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