Grow, Diversify and Expand Your Farming Business

The Canadian Agricultural Loans Act (CALA) is a federal government program designed to finance farm improvements, and fund the processing, distribution and marketing of farm products.

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A Canadian Agricultural Loan Is Commonly Used For:

  • Financing real estate or other large farm assets
  • Long-term financing – loan terms are up to 10 years, and 15 years when financing land
  • Expanding existing farm operations

Eligibility Requirements:

  • Farm products marketing co-operatives are eligible if at least 50% + 1 of the members are farmers

Key Benefits

Get the Financing You Need

Individual farmers can receive up to 80% financing (new farmers up to 90% financing) of the asset’s value to a maximum of $500,000 for property assets or up to $350,000 for all other eligible assets.

Competitive Interest Rates
  • Maximum interest rate on variable rate loans is Prime + 1%
  • Maximum interest rate on fixed rate loans is the Residential Mortgage Rate + 1%
Wide Range of Assets Eligible for Financing

Eligible assets include land, buildings, construction, machinery, livestock, consolidation, share purchases and crop storage condominiums.

Flexible Payments Available

Choose to make payments on a schedule that works for your farm business; monthly, quarterly, semi-annually or annually.

Loan Calculator

If you’re looking to finance business growth, new equipment or more staff, our business loan calculator will help you determine the monthly payment and interest costs for various types of loans*.

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What Else Do You Need to Know?

Business Loan Insurance Plan is available (certain conditions may apply)

Fee Details

RBC administration fee of the lesser of 0.25% of the CALA loan amount or $250 (0.1% if loan exceeds $250,000).

Maximum interest rate on variable rate loans is Prime + 1%; for fixed rate loans the maximum interest rate is the Residential Mortgage Rate + 1%.

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