Key Takeaways
- Conexus Credit Union introduces the $100 million Ag Grow Fund to support Saskatchewan agriculture producers.
- Benefits include exclusive discounted interest rates, no application fees (excluding CALA loans), and no maximum age restrictions.
- Eligible producers can access funding of up to $2 million for land, buildings, equipment, and livestock purchases.
- The fund is focused on new investments, with refinancing excluded.
- Conexus emphasizes its commitment to supporting Saskatchewan’s agricultural economy.
Support for Saskatchewan Ag Producers
Conexus Credit Union has announced the $100 million ‘Ag Grow Fund,’ a financing initiative aimed at helping Saskatchewan agriculture producers save money and reinvest in their operations. The fund provides producers with access to tailored financial benefits, including exclusive discounted interest rates and no application fees for most loan types.
“Conexus is dedicated to empowering ag producers to achieve what matters to them,” said Garnett Volk, Conexus Chief Growth Officer. “We have designed this fund specifically for Saskatchewan producers and their operations.”
Tailored Benefits for Producers
The Ag Grow Fund offers several features designed to meet the unique needs of agricultural producers:
- Discounted Interest Rates: Available on new fixed-rate term loans and mortgages.
- No Application Fees: Except for CALA loans and mortgages.
- No Age Limit Restrictions: Making the fund accessible to producers of all ages.
- Funding Up to $2 Million: Per producer for eligible purchases.
Focus on Investment and Growth
The Ag Grow Fund will provide financing exclusively for new investments, including the purchase of land, buildings, equipment, and livestock. Refinancing existing loans is not eligible under the program.
“As your local credit union, we understand and value agriculture’s contribution to the health of our economy,” Volk added. “We are committed to our members’ success and to helping grow Saskatchewan agriculture for a thriving province.”
Producers interested in learning more about the Ag Grow Fund can view the following page.
