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At a glance

Eligible Funding
  • From $75,000 to $750,000
Timeline
  • Open Date : July 9, 2024
Financing Type
Loans and Capital investments
Eligible Industries
  • Agriculture, forestry, fishing and hunting
Funds Providers
Unspecified
Program status
Open

Overview

The Forestry Financing Program, developed with the ministère des Ressources naturelles et des Forêts and administered by La Financière agricole du Québec, offers discounted interest rates and personalized advisory services to support forestry project financing. Eligible activities include financial analysis, business plan development, and assistance with selecting and negotiating financing options, though the maximum funding amount is not specified.

Financing terms and conditions

  • Maximum loan amount of $750,000 per forest producer, taking into account outstanding balances from previous related loans.
  • Interest rate reductions between 0.30% and 0.60%, depending on the selected loan term (from 12 to 84 months).
  • Loan terms available for up to 30 years.

Activities funded

  • Acquisition of forest lots or forestry businesses.
  • Purchase of machinery and equipment for forest management activities.
  • Construction or renovation of buildings related to forestry operations.
  • Execution of forest management and development works.
  • Purchase or repurchase of business shares or partnerships in forestry operations.
Examples of admissible projects:
$ 300,000
Purchase new machinery to optimize forestry operations
$ 130,000
Development of eco-friendly forest management practices
$ 190,000
Expand and upgrade forest nursery facilities
$ 250,000
Digital transformation of forest production operations
$ 75,000
Training program for forest workers on sustainable practices
$ 220,000
Establish a forest education and awareness center

Eligibility

  • The applicant must be a recognized forest producer or be in the process of obtaining this status.
  • The applicant must be of legal age (majority), if an individual.
  • The applicant or the enterprise must be domiciled or headquartered in Canada.
  • The project must involve the management of a privately owned wooded property totaling at least 60 hectares and must have or be in the process of obtaining a forest management plan.
  • The applicant must demonstrate that the project is viable and has prospects for profitability.

Who is eligible?

  • Private woodlot owners
  • Companies operating private forest enterprises with at least 60 hectares of managed forest
  • Individuals or legal entities holding or acquiring interests in forest production units
  • Organizations comprised of at least one recognized forest producer
  • Cooperatives involved in forest management and production

Who is not eligible

  • Companies engaged in activities eligible under the Agricultural Financing Program.
  • Businesses involved in the production of forest seedlings (plants).
  • Companies acquiring assets for the commercial transformation of wood into firewood.
  • Businesses purchasing machinery or equipment used for wood processing.
  • Holders of a wood processing plant permit with an authorized annual raw wood consumption exceeding 2,000 m3 for veneer, sawing, or pulp and paper production.

Eligible expenses

  • Purchase of forest lots or forestry companies.
  • Acquisition of machinery and equipment exclusively for forest management.
  • Construction or renovation of buildings related to forestry management.
  • Implementation of forest management work.
  • Purchase or buyback of shares or equity interests in the forestry business.
  • Refinancing of debts incurred for eligible forestry purposes.

Eligible geographic areas

  • Companies based in Quebec.

Selection criteria

Evaluation and selection criteria for this grant: - Financial analysis of the project - Drafting a business plan - Interpreting financial statements - Discussions on financing options

How to apply

1

Preliminary Consultation

  • Contact La Financière agricole to arrange a meeting with a financing advisor.
  • Discuss your forestry project and your financing needs with an advisor.
2

Financial analysis and business planning

  • Work with your advisor to conduct a financial analysis of your project.
  • Receive help to write a comprehensive business plan for your project.
  • Interpret your financial statements with the help of your advisor.
3

Preparation of the request

  • Gather all the necessary documentation as advised by your financing advisor.
  • Make sure that your business plan and financial analysis documentation are complete and accurate.
4

Submission of the application

  • Submit your application and all required documents to La Financière agricole.
  • Ensure that the submission is made through the appropriate channels, as advised by your financing advisor.
5

Confirmation and follow-up

  • Receive a confirmation of the receipt of your request.
  • Follow up with your financing advisor for any additional requirements or updates.

Additional information

  • Personalized support is provided by financing advisors throughout the application process.
  • Applicants can benefit from interest rate discounts ranging from 0.30% to 0.60% for the entire loan term.
  • It is possible to negotiate the interest rate with a financial institution of your choice.
  • Services offered include financial project analysis, business plan drafting assistance, and help interpreting financial statements.

Documents and links

Forestry Financing

Contacts

1-800-749-3646
Apply to this program

Frequently Asked Questions about the Forestry Financing Program

Here are answers to the most common questions about the Forestry Financing. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the Forestry Financing?

How much funding can be received?

What is the deadline to apply?

Is the Forestry Financing a grant, loan, or tax credit?

Who are the financial supporters of the Forestry Financing?

Who is eligible for the Forestry Financing program?

Who can I contact for more information about the Forestry Financing?

Where is the Forestry Financing available?

Apply to this program

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