Conexus Credit Union Introduces Innovative $100 Million Fund

Introducing the Ag Grow Fund

Conexus Credit Union is excited to roll out a groundbreaking initiative aimed at enhancing the financial stability of agricultural producers. The new fund, named the Ag Grow Fund, boasts an impressive $100 million designed to aid Saskatchewan ag producers in managing their expenses more effectively. It is an important step in ensuring that agriculture in the region not only survives but thrives.

Tailored Benefits for Producers

This fund offers a range of tailored benefits designed to meet the specific needs of agricultural producers. By focusing on providing exclusive discounted interest rates and eliminating application fees, Conexus is ensuring that accessing funds is easier for farmers and producers. One standout feature of the Ag Grow Fund is that there are no maximum age restrictions for applicants, which opens the door for producers of all ages to take advantage of this opportunity.

Funding Details and Limits

Producers can benefit from funding up to $2 million, making it quite substantial for those looking to invest in their operations. Whether it's for purchasing land, equipment, buildings, or livestock, the Ag Grow Fund is here to support growth. However, it's important to note that this particular fund cannot be used for refinancing existing loans.

Commitment to Agriculture

Conexus Credit Union has always been a staunch advocate for the agricultural sector. Their Chief Growth Officer, Garnett Volk, stated that the organization is dedicated to empowering producers to achieve their goals. This initiative is just one way of demonstrating their commitment to nurturing the agricultural landscape in Saskatchewan. The credit union recognizes agriculture's vital role in bolstering the province's economy and is devoted to fostering progress within the sector.

Additional Support Through Cultivator

The Ag Grow Fund is a complement to Conexus's ongoing initiatives like Cultivator, an accelerator program focusing on agtech innovation. This program connects farmers with founders and funders to enhance agricultural practices using cutting-edge technology. Currently, Cultivator is in search of participants for its next cohort, aiming to further promote advancements in agriculture.

Exclusive Deals for Conexus Members

All Conexus members are in for a treat, as they can enjoy complimentary access to the Canadian Western Agribition this year. Members are encouraged to visit their nearest credit union branch to collect a free multi-day pass before the end of the promotional period.

About Conexus Credit Union

Conexus Credit Union has been a pillar of support in Saskatchewan for over 80 years. As a member-owned cooperative, they focus on the financial success of their members while actively giving back to the community. The heart of their mission is to champion every member's success, all while striving for a robust Saskatchewan economy.

Frequently Asked Questions

What is the Ag Grow Fund?

The Ag Grow Fund is a new $100 million initiative from Conexus Credit Union aimed at supporting Saskatchewan agricultural producers.

How can producers apply for the Ag Grow Fund?

Producers can learn more by contacting a dedicated Conexus Ag Advisor who can assist with the application process and answer any questions.

What are the key benefits of this fund?

Benefits include exclusive discounted interest rates, no application fees, and funding available up to $2 million for various agricultural needs.

Who is eligible for the Ag Grow Fund?

All Saskatchewan agricultural producers are eligible, with no age restrictions affecting access to this funding.

How does the Cultivator program relate to the Ag Grow Fund?

Cultivator is an initiative by Conexus that supports agtech innovations and works alongside the Ag Grow Fund to promote agricultural advancements in Saskatchewan.

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