Photo by Province of British Columbia
Blueridge Produce
Workers at Blueridge Produce in Langley packaging fresh blueberries for the journey to China.
The Bank of Canada announced today that it is holding its policy interest rate steady, extending a period of rate stability as policymakers continue to monitor inflation, economic growth, and global economic conditions.In response, Agricultural Credit Corporation (ACC) will maintain its prime lending rate at 4.45%, ensuring consistency in lending costs for Canadian producers.
As harvest approaches, the current interest rate environment provides greater certainty for cash flow management and business planning. While weather, input costs and market conditions remain key considerations, borrowing costs help support operational planning throughout the season.
ACC continues to offer affordable financing through its Advance Payments Program (APP) and Commodity Loan Program (CLP), providing flexible access to working capital when it is needed most.
“Interest rates may be holding steady, but there are still a number of variables to manage heading into harvest," said Jaye Atkins, Chief Executive Officer of ACC. "Greater confidence around borrowing costs allows operations to focus on making the best decisions for the season ahead. ACC remains committed to providing practical financial solutions that support Canadian agriculture year-round.
“The Bank of Canada's next scheduled interest rate announcement is September 2, 2026.
Founded in 1992 by a coalition of farm organizations, Agricultural Credit Corporation (ACC) is a not-for-profit farm organization comprised of 22 producer associations and marketing boards. With a track record of providing over $12 billion in operating funds to Canadian producers, ACC offers low-cost operating loans tailored to meet the diverse needs of farmers across Canada. ACC is led by a board of directors composed predominately of farmers.