Young Farmers
Canada
Loans for farmers under 40 years old
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|openingDateNovember 14, 2019
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Government of Canada
- Farm Credit Canada (FCC)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get customized financing of up to $150,000 for your agriculture, agribusiness or food and beverage-related business with the Starter Loan, and up to $1.5 million with the Young Farmer Loan. Attend free events and webinars to sharpen your farm management p
grant_single_labels|projects
grant_single|admissibleProjectsExample
$380,000
Halifax
Establishing a greenhouse for year-round vegetable cultivation
$220,000
Saskatoon
Building a new poultry barn with modern equipment
$300,000
Guelph
Expanding organic dairy production with new milking equipment
$200,000
Quebec City
Developing an agritourism initiative with an educational farm
$150,000
Nanaimo
Implementing advanced irrigation systems for a sustainable vegetable farm
$250,000
Kelowna
Upgrading wine production facilities with new fermentation tanks
grant_single_labels|admissibility
Eligibility criteria for the Young Farmer Loan:
- Qualified producer under 40 years old
- Sound plan to purchase a farm or agriculture-related assets up to $2,000,000
- No loan processing fees
grant_eligibility_criteria|who_can_apply
The grant mentioned is specifically designed for young farmers who are under 40 years old. Qualified producers under this age limit can apply for the Young Farmer Loan to support their agriculture career.
grant_eligibility_criteria|eligible_expenses
Eligible expenses for the Young Farmer Loan include purchasing agriculture-related assets for up to 18 months. Benefits also include no loan processing fees and preferential variable and five-year fixed rates.
- Purchase agriculture related assets for up to 18 months
- No loan processing fees
- Preferential variable and five-year fixed rates available
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The Young Farmer Loan has specific criteria for eligibility and approval:
- Qualified producer under 40 years old
- No loan processing fees
- Preferential variable and five year fixed rates available
- Purchase agriculture related assets for up to 18 months
- Sound plan required for approval
grant_single_labels|register
- Step 1: Contact FCC for more information and to determine eligibility
- Content: Call 1-888-332-3301 or visit their website
- Implications: Allows you to understand the requirements and benefits of the Young Farmer Loan
- Step 2: Put together a sound plan outlining your agriculture-related asset purchase
- Content: Create a detailed plan for the assets you intend to purchase
- Implications: Demonstrates your business acumen and helps in securing the loan
- Step 3: Submit your application for the Young Farmer Loan
- Content: Provide all necessary documents and information as requested by FCC
- Implications: Initiates the loan approval process
- Step 4: Review and accept the loan terms
- Content: Review the terms and conditions of the loan offer
- Implications: Commits you to the terms of the loan agreement
- Step 5: Utilize the loan to purchase agriculture-related assets
- Content: Use the funds as agreed upon to acquire assets
- Implications: Helps in growing your agricultural business
Apply to this program
FCC Young Farmer Loan
Financing and Support for Young Farmers
The FCC Young Farmer Loan is designed to empower young producers under 40 with customized financing options to kickstart or expand their agricultural careers. With preferential rates, no loan processing fees, and the opportunity to purchase agriculture-related assets up to $2,000,000, this loan helps young farmers establish or grow their businesses while building their credit history with FCC.
Through the Young Farmer Loan, qualified producers can access financial support for up to 18 months, giving them the flexibility to invest in their farm operations. Moreover, the inclusion of the AgExpert Bundle, which includes AgExpert Accounting Premium and AgExpert Field Premium, adds further value by providing essential tools for financial management and farm planning. Young farmers can utilize these resources to enhance their business strategies and drive sustainable growth in the agricultural sector.
By offering personalized financing solutions, FCC demonstrates its commitment to supporting the next generation of farmers. Young producers can leverage the Young Farmer Loan to realize their farming ambitions, whether it's acquiring new equipment, expanding their land holdings, or optimizing their operations for greater efficiency. With access to expert guidance and valuable resources, FCC empowers young farmers to succeed in a dynamic and competitive industry, paving the way for a vibrant future in agriculture.
