Canada: Ontario provides support for ginseng farmers

March 11, 2022 Agriculture, Food and Rural Affairs BRANTFORD — The Ontario government is supporting the creation of an industry-led pilot loan guarantee program to assist the province’s ginseng farmers in sustaining and growing their business. “The ginseng industry is an important part of the agri-foods sector in Ontario, and the development of this programming is the result of months of discussions with our ginseng farmers about how we can help them given their unique growing cycle,” said Lisa Thompson, Minister of Agriculture, Food and Rural Affairs. “The new Ginseng Storage Loan Guarantee Pilot Program will help stabilize and strengthen ginseng operations, ensure their long-term economic viability and growth, and provide a boost for the communities where they grow this world-renowned crop.” The $130 million, three-year commitment to back the Ginseng Storage Loan Guarantee Pilot Program enables participating farmers to borrow up to $1 million against the value of their stored ...