Wednesday, February 23, 2022

Beef loan limit is doubling


The Ontario government is doubling the loan guarantee limit for beef producers from $500,000 to $1,000,000.

The loans are through the Feeder Cattle Guarantee Program which makes the money available to experienced co-operative members. For experienced corporations, the new limit is now $1,500,000.

Ontario Agriculture Minister Lisa Thompson said “these improvements  . . . build on a series of enhancements our government has put in place to support our beef farmers and the agri-food supply chain. 

“It’s important that we keep listening to the needs of these agri-food heroes and give them the tools they need to help lead our sector.”