grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
grant_single|deadlines
  • grant_single|openingDateJuly 09, 2024
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

grant_single_labels|documents

Apply to this program