Young Farmer Loans
The Farm Credit Canada (FCC) Young Farmer Loan program offers financial support to young Canadian farmers under 40.
- Farm Credit Canada
Overview of the Young Farmer Loans program:
The program provides loans up to $1 million with a variable interest rate as low as prime plus 0.5%, and requires a 25% minimum down payment. It's designed to help young farmers purchase or improve farmland and buildings, or to buy equipment. Additional benefits include flexible payment options and no processing fees. The goal is to support the next generation of farmers in establishing and growing their agricultural businesses.
Eligibility criteria of the Young Farmer Loans program:
- To apply for a loan with FCC, you must:
- Be a Canadian citizen or a permanent resident of Canada.
- Be of legal age of majority in your province or territory of residence.
- Have revenue from activities involving agriculture or a business related to agriculture.
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