The provincial government is helping to ensure a thriving cattle industry and retaining Ontario jobs, by improving access to guaranteed loans for cattle farmers and increasing their buying power.
The Ontario Ministry of Agriculture Food and Rural Affairs has worked with industry stakeholders to review the Feeder Cattle Loan Guarantee Program (FCLGP), resulting in significant improvements to address changing markets and simplify program access for farmers. This, along with improvements made last year to double individual lending limits, will allow more farmers access to competitive interest rates, and give new farmers a better start.
The FCLGP was established in 1990 to help farmers access low interest loans, to expand their business and remain competitive.
Improvements to this program include:
Source: Ontario