Ont. gov’t improves commodity loans

Feb 24, 2021

The changes are a ’step in the right direction,’ says GFO chair

By Jackie Clark
Staff Writer
Farms.com

Recently, the government of Ontario announced that it would improve the Commodity Loan Guarantee Program to help farmers purchase inputs. These improvements, however, are a short-term fix, says Brendan Byrne, chair of Grain Farmers of Ontario (GFO).

“The Commodity Loan Guarantee Program's loan repayment deadlines are being permanently extended from February 28 to September 30 to better align repayment dates with the growing season. The extended deadlines will reduce paperwork and costs for farmers who would otherwise have to transfer their loans to other financing options until the sale of their crops,” said a Feb. 11 press release from the Government of Ontario. “The program's maximum guaranteed loan limit is also being permanently increased from $120 million to $200 million to allow extended loan repayment deadlines and accommodate an increase in lending capacity.”

The goal of these changes is to allow for greater flexibility for farmers.

“When the government first extended the repayment deadlines and raised the loan limits last year, GFO acknowledged that this is a good first step to helping farmers through crises, including COVID-19, trade disruptions, and more,” Byrne told Farms.com in an emailed statement. “Recently, the government of Ontario made those changes permanent.”

Those changes are “a step in the right direction, increasing the potential of farm debt, which Statistics Canada reports is growing, is a treatment with potentially dire consequences to Ontario’s farmers, not a cure,” he added.

The Commodity Loan Guarantee Program is just one issue that the government needs to address to help grain farmers.

“The Ontario government has put in place many of the programs we require with increased funding to risk management programs, and removal of red tape for the tools and inputs farmers need,” Byrne explained. “We hope that they will continue to advocate for us as the federal level as well to push for carbon tax exemptions, better risk management support and new export market development.”

Zoran Zeremski\iStock\Getty Images Plus photo

Video: Precision Planting DuraWear

Struggling with inconsistent planting depth from row to row? The new DuraWear Depth Handle from Precision Planting is designed to eliminate depth variability and make accurate calibration easier than ever.

In this video, Precision Planting’s Mike Schlitt walks through how the Dura Aware system helps growers achieve consistent, repeatable planting depth—without relying on guesswork or constantly checking T-handle positions.

What You’ll Learn:

— Why row-to-row depth variation impacts emergence and yield
— How the DuraWear Depth Handle allows micro-adjustments on each row
— How the system keeps every row in the same notch setting, even after calibration
— And more!

Whether you're dialing in your planter for spring or upgrading your setup for more precise depth control, the DuraWear Depth Handle gives you clarity, confidence, and consistency.