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Ontario Poultry Farmers To Benefit from New BMO Bank of Montreal Broiler Producer Financial Program

Broiler farmers in Ontario will be able to receive faster decisions on applications for lines-of-credit, farm mortgages, quota-backed loan assessments and other banking services with the launch today of the new BMO Bank of Montreal Broiler Producer Financial Services Program.

The financial program, introduced at The Poultry Industry Conference & Exhibition in London, Ontario, is the first of its kind by a major bank in Ontario.

“By working closely with broiler producers across Ontario, we have developed a unique perspective of the demands and challenges that today’s economic environment places on farmers,“ said Alison Connell, Senior Manager of Agriculture, BMO Bank of Montreal. “This program leverages the value we place on the key assets of our agricultural customers such as land, buildings, equipment and quota, to provide an integrated financial services program designed specifically to meet the needs of Ontario broiler producers.”

The new program takes into account virtually all the cash and credit requirements of a broiler producer, including:

Cost effective everyday business banking plans
Term loan financing for equipment and quota
Farm mortgages and Farm Improvement Loans
Easy and convenient access to all business banking accounts
Operating Loans and Farm Equipment Line of credit

Broiler producers and interested customers can call 1-877-629-6262 or visit their local BMO Bank of Montreal branch to receive more information about the program.

BMO Bank of Montreal is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest financial services providers in North America. BMO Financial Group serves clients across Canada and in the United States through its Canadian retail arm, BMO Bank of Montreal, through its Chicago-based Harris Bank, a major U.S. mid-west financial services organization, and through BMO Nesbitt Burns, one of North America's leading full-service investment firms. BMO Bank of Montreal is one of the largest small business and agricultural sector lenders in Canada.

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