Effective January 1, 2026: Conexus Credit Union 2006, Cornerstone Credit Union Financial Group Limited, and Synergy Credit Union Ltd. amalgamated as Conexus Credit Union. Learn more.
Agricultural Letter of Credit
In agriculture, trust and timing matter. Whether you’re securing livestock, purchasing equipment, entering new supply contracts, or working with unfamiliar partners, a letter of credit helps protect both sides of the transaction and ensures payments are made as agreed.
A letter of credit from Conexus provides a financial guarantee on your behalf — giving vendors, lenders, and suppliers confidence that your farm or ag business will meet its commitments.
Why choose a letter of credit from Conexus?
A letter of credit from Conexus gives your farm added confidence when working with new suppliers, bidding on contracts, or making major purchases. It provides a secure payment guarantee that helps open doors to new opportunities while reducing risk for everyone involved. Backed by advisors who understand Saskatchewan agriculture, you’ll get clear guidance and a financing tool that supports smoother transactions — so you can move your operation forward with certainty.

What is a letter of credit?
A letter of credit is a written commitment from Conexus guaranteeing payment to a seller or supplier once the agreed‑upon conditions are met. It’s commonly used in agriculture for contracts involving livestock purchases, crop inputs, equipment, land improvements, and cross‑border transactions.
It gives your partners reassurance that they will get paid — reducing risk and helping you secure products, services, and contracts that help your operation grow.
Benefits of a letter of credit
A letter of credit supports your farm or ag operation by helping you:
Secure materials, livestock, feed, or equipment that require financial guarantees
Strengthen your position when bidding on contracts or tenders
Reduce risk in domestic and international agricultural transactions
Access opportunities even when upfront trust is limited
Is a letter of credit right for you?
This product is a strong fit if your farm or ag operation:
Works with new vendors, lenders, or supply partners
Purchases livestock, equipment, or commodities requiring financial assurance
Engages in cross‑border or interprovincial transactions
Is bidding on agricultural projects or contracts or needs financial backing to meet contract requirements
A letter of credit can also help you build trust with new or unfamiliar suppliers within the agriculture industry.
Our advisors will walk you through qualifications and help determine if a letter of credit supports your farm’s goals.
Related products and services
Business credit cards — For everyday farm purchases
Business services — Payments, deposits, merchant tools

Have questions?
That's what we're here for!
Meet with one of our business advisors to talk about receiving a letter of credit for your farm or ag business. Fill out our contact form and we’ll contact you within one business day.